Nota AI, a pioneer in on-device AI, introduced at the moment the submission of its preliminary IPO software to the Korea Change, positioning itself as the primary AI optimization expertise agency to hunt a KOSDAQ itemizing. Mirae Asset Securities serves because the lead underwriter for the IPO, which is able to provide roughly 2,916,000 shares publicly out of a complete issuance of 21,161,880 shares.
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In December final 12 months, Nota AI turned the primary AI optimization expertise startup to realize an ‘A’ score from each NICE Info Service and Korea Know-how Finance Company, formally recognizing its technological energy and enterprise viability.
Nota AI’s proprietary platform, NetsPresso, automates AI mannequin optimization, enabling environment friendly deployment on resource-constrained edge gadgets, considerably lowering operational prices. The corporate collaborates with international semiconductor leaders corresponding to NVIDIA, Qualcomm, Samsung Electronics, Arm, and Sony, driving steady technological innovation and market growth. Nota AI’s notable shopper base contains a number of Fortune World 500 firms. Lately, CB Insights acknowledged Nota AI as one of many “100 Most Modern AI Startups,” underscoring its international recognition.
Nota AI’s generative AI-based video monitoring resolution, Nota Imaginative and prescient Agent (NVA), has efficiently been deployed in various sectors corresponding to industrial security, transportation, and retail. Lately, Nota AI secured a landmark settlement with Dubai‘s Roads and Transport Authority, the first-ever Korean agency to take action, demonstrating its sturdy worldwide industrial viability.
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Proceeds from the IPO will help the recruitment of top-tier expertise, improve international market growth efforts, and speed up the development of its product choices. Nota AI at present operates worldwide subsidiaries in Berlin, Germany (since 2020), and Sunnyvale, USA (since 2022), and is actively increasing into key markets together with the Center East, Japan, and Southeast Asia.
“Our IPO submitting is a crucial milestone affirming our place as international leaders in AI optimization expertise,” mentioned Myungsu Chae, CEO of Nota AI. “This IPO will speed up our innovation capabilities and considerably enhance our international market penetration.”
Since its inception, Nota AI has secured $42.6 million in investments from distinguished traders together with Samsung, LG, Naver D2SF, and Kakao. Final 12 months, the corporate’s income reached $5.86 million, representing a considerable 136% progress year-over-year, with continued sturdy progress projected to exceed 67% this 12 months, reflecting the sturdy scalability of its technology-driven enterprise mannequin.
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