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Nota AI®, Leading AI Optimization Company, Secures $19.9 Million Series C Funding to Pioneer On-Device Generative AI

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Nota AI®, Leading AI Optimization Company, Secures $19.9 Million Series C Funding to Pioneer On-Device Generative AI
Business

Business

Nota AI®, Leading AI Optimization Company, Secures $19.9 Million Series C Funding to Pioneer On-Device Generative AI

2024-06-18 21:00 Last Updated At:21:15

SEOUL, South Korea, June 18, 2024 /PRNewswire/ -- Nota AI, a leading South Korean startup specializing in AI optimization and lightweighting technology, has successfully raised $19.9 million (25.8 billion KRW) in its Series C funding round. This brings the total investment raised since its founding to approximately $42.6 million (53.2 billion KRW). The round was led by STIC Ventures and LB Investment, with new investments from STIC Ventures, Korea Development Bank, and Mirae Asset Securities. Existing investors Stonebridge Ventures, LB Investment, InterVest, and DS Investment Partners also contributed additional funds, alongside a key AI semiconductor CVC participating as a strategic investor.

Founded in 2015, Nota AI specializes in edge and on-device generative AI technology. Early recognition of its potential came with initial investments from Naver D2SF. Since then, Nota AI has rapidly expanded its customer base both domestically and internationally, securing continuous investments from Stonebridge Ventures and LB Investment.

Leveraging this new funding, Nota AI plans to actively recruit top AI optimization talent and enhance collaborations with global AI semiconductor companies to expand its business. Nota AI is already engaged in significant contracts to provide generative AI optimization technology to leading AI semiconductor firms.

Looking ahead, Nota AI aims to extend its high-performance generative AI model optimization technology to various industries such as robotics and mobility, allowing broader applications of generative AI in daily life. Additionally, Nota AI plans to strengthen AI optimization technology collaborations with strategic investors targeting AI semiconductors.

Nota AI intends to file for an IPO early next year, with Mirae Asset Securities as the lead underwriter, indicating strong preparation for a stable listing. Mirae Asset Securities, participating in this investment round, has expressed high expectations for Nota AI's successful IPO.

Myungsu Chae, CEO of Nota AI, stated, "Our sales for the first half of this year are expected to exceed the total sales of 2023, and we anticipate a 300% increase in sales for 2024 compared to the previous year. With this investment, we will actively pursue strategic collaborations with partners and expand our overseas business to establish ourselves as a global leader in on-device AI."

Jae Won Do, Director at STIC Ventures, who led this investment round, commented, "Nota AI is evaluated as a company that can popularize evolving and sophisticated AI models across various devices. We expect that, alongside big tech companies like NVIDIA and ARM, Nota AI will play a key role in the spread of on-device AI."

Nota AI's platform, 'NetsPresso,' optimizes AI models for device compatibility, allowing AI models to run directly on the device. Nota AI has established official partnerships with global tech companies such as NVIDIA, ARM, Intel, STMicroelectronics, and Renesas, maintaining close collaborations.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Nota AI®, Leading AI Optimization Company, Secures $19.9 Million Series C Funding to Pioneer On-Device Generative AI

Nota AI®, Leading AI Optimization Company, Secures $19.9 Million Series C Funding to Pioneer On-Device Generative AI

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RCD Espanyol Appoints MAXHUB as Official Sponsor in Interactive Flat Panel Sector

2024-07-22 21:16 Last Updated At:21:35

Partnership aims to enrich player development and business efficiency through enhanced communication technology, as the historic Catalonia-based football club competes in Spain's top professional football league La Liga next season.

BARCELONA, July 22, 2024 /PRNewswire/ -- Today, REIAL CLUB DEPORTIU ESPANYOL DE BARCELONA, S.A.D. (RCD Espanyol) and MAXHUB announced an exciting collaboration, appointing MAXHUB as the exclusive sponsor of interactive flat panels to the historic Catalonia-based club, established in 1900 and recognized by football fans all over the world for its achievements in Spanish football. With RCD Espanyol playing in Spain's top professional football division, the Campeonato Nacional de Liga de Primera División, or La Liga, one of the most competitive football leagues in the world, this partnership with MAXHUB marks a significant milestone, bringing together their advanced communication and display solutions with RCD Espanyol's continued commitment to excellence and community engagement. 

Elevating Coaching and Training

As part of this collaboration, MAXHUB will equip RCD Espanyol's facilities with its industry-leading 86" IFP V6 Classic Series interactive flat panels. These versatile devices integrate whiteboard, audio, video, display, and computer functions into one powerful unit, significantly enhancing the club's coaching and training capabilities. With MAXHUB's 86" interactive displays, coaches can more effectively demonstrate strategies, review games, and explain player positions. This will ensure that the entire team can follow the coaching instructions clearly, a crucial aspect in a competitive sport where every advantage is valued.

Optimizing Business Functions and Implementing Them Across Club Facilities

Antoni Alegre, deputy general manager of RCD Espanyol, stated, "The agreement with MAXHUB will boost the productivity of the Club's commercial and administrative functions, as well as support training and development." The superior quality of MAXHUB conferences will elevate the meeting rooms at the RCDE Stadium and Ciutat Esportiva Dani Jarque, leading to greater efficiency and productivity in presentations and meetings.

MAXHUB's products will be installed in various locations at RCD Espanyol's grounds, performing diverse functions, including:

 "We are delighted to work with RCD Espanyol, a football club with a rich history and values that match our own," said David Meng, President of Global Business Group at MAXHUB. "Through hard work, dedication, all done with a humble spirit, RCD Espanyol maintains a high standard of excellence on the pitch. MAXHUB's vision to be a top brand in the industry also started out from humble beginnings. It's our great honor to provide our technology know-how to such an illustrious football club, and are excited about the role that our interactive flat panels and communication solutions will play as they strive for greater heights next season."

To learn more about MAXHUB's industry-leading communication solutions, visit www.maxhub.com. To follow RCD Espanyol's season, find out more at www.rcdespanyol.com.

About MAXHUB

MAXHUB is a global leader in integrated communication and display solutions. MAXHUB creates a technology hub where inspiration has the freedom to grow into meaningful connections. Centered around integration, MAXHUB provides next-level integrated solutions for people to communicate, present, and collaborate. MAXHUB, where inspiration moves ahead. For more information about MAXHUB, visit www.maxhub.com.

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** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

RCD Espanyol Appoints MAXHUB as Official Sponsor in Interactive Flat Panel Sector

RCD Espanyol Appoints MAXHUB as Official Sponsor in Interactive Flat Panel Sector

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