So check it out, my friends, we’ve got some news coming out of South Korea. Sapeon, this awesome artificial intelligence (AI) semiconductor company, just dropped a bombshell announcement. They just wrapped up a Series A funding round and managed to rake in over 60 billion won, which is about 45 million bucks! And get this, it bumps up their valuation to a whopping 500 billion won, that’s 378 million greenbacks, baby!
The heavyweight leading this funding round is none other than Ascent Equity Partners. But wait, there’s more, a bunch of heavy hitters joined in on the action too. We’re talking about GS Group affiliates, Daebo Communication & Systems Co., Hana Financial Group, Mirae Asset Venture Investment, We Ventures, E1, and a bunch of other players.
Now hold on to your hats, folks, because Sapeon is on a mission to become the real deal when it comes to AI solutions. They want to cover everything from hardware to software with their badass AI semiconductor-based technology. Don’t believe me? They’re teaming up with their investors to revolutionize financial optical character recognition(OCR) models, cloud-based AI services powered by Sapeon semiconductors, and even smart transportation and factory automation. Yeah, they’re going all-in!
This is how it all started, my friends. Sapeon was born in the US as an AI semiconductor fabless, thanks to some serious investments from SK Telecom Co., SK Hynix Inc., and SK Square Co. They dropped their first AI semiconductor, the X220, back in 2020. And now, brace yourself, because they’re about to launch the X330 later this year. This new baby is gonna blow your mind with over four times more power than its predecessor, featuring an insanely advanced inference neural processing unit (NPU).
So listen, if you wanna reach out to the man behind this article, drop a line to Seung-Woo Lee at firstname.lastname@example.org.