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Telecommunications & Media

China's Even Realities valued at $1 billion after $150 million pre-Series B round

China's smart glasses company Even Realities Technology raised $150 million in a pre-Series B funding round joined by Tencent and Meituan, valuing it at $1 billion. The Shenzhen-based startup plans to use the funds to develop a next-generation smart glasses platform, strengthen AI integration, expand global operations and accelerate product innovation. Founder and CEO Will Wang previously worked at Apple from 2016 to 2018.

Crypto

Lambda256 launches digital asset-linked settlement verification project with K Bank and KSNET

Lambda256, a Dunamu affiliate and blockchain company, said on July 7 it has begun a proof of concept with K Bank and KSNET on a digital asset off-ramp and on-chain AML and fraud detection technology. The project tests whether financial institutions can operate a model that converts settlement funds into won after digital asset payments. It covers FX application, settlement request creation, AML/FDS checks, payout approval, on-chain settlement and monitoring with suspicious transaction reporting.

AI & Enterprise

Younglimwon Softlab begins ERP build for Wooritech to strengthen data-driven decisions

Enterprise solution company Younglimwon Softlab said on Tuesday it has begun an ERP 구축 project for Wooritech, a specialist in nuclear power, railways and defense. The project focuses on upgrading management systems across overall business execution. The goal is to build an ERP system that integrates processes from sales and project delivery to revenue, collections and cost control. It also includes project management, accounting, SCM and a mobile work environment.