Nota, a startup with an AI optimization platform, has received $ 14.7 million in Series B funding round. This financing round is supported by Stonebridge Ventures, LB Investment, DS Asset, Intervest and Company K Partners. Nota raised a total of $ 23 million.
Nota is a technology startup focused on optimizing AI models with its main platform solution called NetsPresso and developing various AI solutions including an intelligent transport system, facial recognition-based access control and a solution for low-power monitoring of drivers in vehicles, the statement said.
A Stonebridge Ventures investor said, “The size of high-performance AI models like GPT-3 is growing rapidly, and most AI models are too large for edge devices, so optimizing AI models is becoming increasingly important. We expect that Nota will be able to lead the global MLOps market not only with its optimization software, but also with its hardware-based AutoML solution, the first of its kind in the industry. “
DS Asset commented, “Nota has demonstrated its business potential and ability to compete in the global marketplace through its partnership with the world’s leading server and edge companies, Nvidia and Arm. We believe that as the pool of R&D professionals grows, their solutions will reach a higher level of performance. “
Nota plans to grow its global business and improve its AI optimization technology. The startup also wants to strengthen its R&D team by recruiting more top talent.
Myungsu Chae, CEO of Nota , commented, “The Series B funding will allow us to continue developing our streamlined AI solutions. This will be an opportunity for us to reach a more diverse range of industries with our technology, which has already been endorsed by top companies. “
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