The artificial intelligence (AI) optimization technology corporation Nota has passed the first gateway to listing on the KOSDAQ market.
On the 24th, the venture capital (VC) firm Stonebridge Ventures noted that its core portfolio company Nota received an 'A, A' rating in the technology evaluation for special listing on the KOSDAQ market.
The technology evaluation is the first gateway for a special listing on the KOSDAQ market, and a company must receive ratings of A or higher from both evaluation agencies to qualify for the preliminary listing review.
Nota received an 'A' rating from both NICE Information Service and Korea Technology Credit Rating. Along with lead underwriter Mirae Asset Securities, it plans to apply for a preliminary listing review with the Korea Exchange in the first half of next year.
Nota, an AI model optimization technology corporation, was established in 2015. It independently developed the platform 'NetsPresso®' to simplify the AI model optimization and deployment process.
Currently, the corporation is establishing partnerships with global semiconductor companies such as NVIDIA, AMD, Qualcomm, Sony, and Samsung Electronics, expanding its business into global markets including the United States, Taiwan, Japan, the Middle East, and Southeast Asia.
Stonebridge Ventures highly evaluated Nota's AI lightweight and optimization technologies, having invested a total of four times since starting pre-Series A investments in 2019. Its shareholding rate is about 15%, the highest among institutional investors.
Song Young-don, executive director of Stonebridge Ventures, said, 'Nota is a leading AI company supplying AI optimization technology for on-device AI to both domestic and international semiconductor corporations and AI demand companies.'