The Gyeonggi Creative Economy Innovation Center (hereinafter referred to as the ‘Gyeonggi Innovation Center’) announced that the direct investment company ‘Soinet’ (CEOs Yong-ho Kim and Jeong-woo Park) has attracted follow-up investment.
Soinet is an incubator for the Gyeonggi Innovation Center’s technology-based initial startup support program ‘K-Challenge Lab’ with a total of KRW 1 billion (600 million won from Industrial Bank of Korea, 200 million won from Plan H, 200 million won from Seoil E&M). attracted follow-up investment. It has been about six months since the Gyeonggi Innovation Center completed its direct investment in January.
Soinet is an AI engine development company that develops and supplies solutions that maximize inference speed by maximizing the utilization rate of graphics processing units (GPUs) and minimizing used memory. As soon as the company was established in 2018, it introduced solutions and is supplying products to many companies that use AI services, such as POSCO and Neuromeca.
The Gyeonggi Innovation Center is a public accelerator that discovers and invests in promising companies. This year, while strengthening our investment function, we are discovering promising innovative technology companies and making direct investments. Depending on the investment company, follow-up support for fast scale-up may also be received through the Gyeonggi Innovation Center’s childcare program. To date, we have completed direct investments in a total of five companies.
An official at the Gyeonggi Innovation Center said, “Soinet is a promising innovative company discovered by the Gyeonggi Innovation Center, and this follow-up investment is an achievement made within a very short period of time after the direct investment by the Gyeonggi Innovation Center.” He added, “We will continue to discover and invest in promising innovative technology companies.” “We will accelerate our efforts,” he said.
Source: Pangyo Techno Valley Official Newsroom
→ Go to ‘Asia Innovation Hub Pangyo Techno Valley 2021’ news