Liner raises $20 mn in Series B funding

South Korean AI search startup Liner said on Friday it raised 270 billion won ($200 million) in a Series B funding round led by Atinum Investment and Intervest.

Samsung Venture Investment and LB Investment participated, along with existing backers Capstone Partners, Industrial Bank of Korea, and SL Investment.

The new funding is Liner's first since raising 10 billion won in September 2022.

Founded in 2015, the company introduced an AI search service last year using a large language model (LLM) for source selection.

Liner now operates in over 220 countries, focusing on the US market, and has 10 million users.

Write to Joo-Wan Kim at kjwan@hankyung.com