The artificial intelligence (AI) optimization technology corporation Nota has passed its first gateway for listing on the KOSDAQ market.
On the 24th, venture capital (VC) Stonebridge Ventures announced that Nota, a core portfolio company, received an 'A, A' rating in the technology evaluation for its technical listing on the KOSDAQ market.
The technology evaluation is the first gateway for a technical special listing on the KOSDAQ market, requiring ratings of A or BBB and above from two evaluation agencies to qualify for the pre-listing review application.
Nota obtained an 'A' rating from both NICE Evaluation Information and Korea Technology Credit Rating, and plans to apply for a pre-listing examination to the Korea Exchange in the first half of next year with the lead underwriter Mirae Asset Securities.
Nota, founded in 2015, is an AI model optimization technology corporation. It has developed the platform 'NetsPresso®' independently to simplify the AI model optimization and deployment process.
Currently, Nota is establishing partnerships with global semiconductor corporations such as Nvidia, Arm, 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 values Nota's AI lightweight and optimization technologies, having invested a total of four times since starting its pre-A investment in 2019. Its equity stake is about 15%, the largest among institutional investors.
Song Young-don, executive director of Stonebridge Ventures, said, 'Nota is a leading AI corporation supplying AI optimization technology for on-device AI to both domestic and international semiconductor corporations and AI demand companies.'