# MORAI

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/morai

- Industry: Software
- Headquarters: Seoul, South Korea
- Website: http://www.morai.ai
- Total disclosed funding: $24M
- Latest round: Series B (Feb 8, 2022)
- Investors on record: 8

## About

Founded in 2018 and based in Seoul, South Korea, MORAI Inc. is a software company that develops a simulator for performing autonomous driving verification and validation process. In February 2022, MORAI Inc. raised KRW 25 billion in series B funding from returning investors Atinum Investment, Hyundai Motor Company, Kakao Ventures, and NAVER D2 Startup Factory, and new investor KB Investment, Korea Development Bank, and Korea Investment Partners. As of 2022, the company is led by its CEO Ji-won Jeong.

The company will use the February funding to recruit more talent.

## Funding rounds

- Series B, Feb 8, 2022, $21M — Korea Development Bank, KB Investment, Atinum Investment, Korea Investment Partners, Kakao Ventures, Hyundai Motor Company, Naver D2 Startup Factory
- Series A, Nov 17, 2020, $1.8M — Kakao Ventures, Korea Credit Guarantee Fund, Naver D2 Startup Factory
- Series A, Sep 23, 2020, $1.7M — Kakao Ventures, Korea Credit Guarantee Fund, Naver D2 Startup Factory

## Investors

- Kakao Ventures (https://capitalatlas.ai/funds/kakao-ventures) — Series A, Series B
- Korea Credit Guarantee Fund — Series A
- Naver D2 Startup Factory (https://capitalatlas.ai/funds/naver-d2-startup-factory) — Series A, Series B
- Korea Development Bank (https://capitalatlas.ai/funds/korea-development-bank) — Series B
- KB Investment (https://capitalatlas.ai/funds/kb-investment) — Series B
- Atinum Investment (https://capitalatlas.ai/funds/atinum-investment) — Series B
- Korea Investment Partners (https://capitalatlas.ai/funds/korea-investment-partners) — Series B
- Hyundai Motor Company — Series B