AiM Future, a Seoul, South Korea-based company focused on the development of neural network hardware accelerator IP and compiler software, raised a multi-million dollar Series A funding.
The round was led by L&S Venture Capital, Hi Investment Partners, Daedeok Venture Partners and existing investors KB Investments and WE Ventures.
The company intends to use the funds to scale engineering and go-to-market teams in South Korea and the United States.
Founded in October 2020 by CEO ChangSoo Kim, CTO Jaehwa Kwak, and Executive Vice President of Hardware Engineering Jongtae Lee, spun out of the Advanced Research Lab of LG Electronics, USA, AiM Future is focused on the development of neural network hardware accelerator IP and compiler software. Its flagship NeuroMosAIc architecture achieved commercialization in 2019 and the company has executed license agreements with partners around the world.
The company’s product will be available for purchase from August 2023.
FinSMEs
10/07/2023