Venture capital (VC) Stonebridge Ventures has begun to recover investments in artificial intelligence (AI) corporations.
On the 24th, Stonebridge Ventures announced that it has started to recover investments in the AI-based big data analysis corporation NEWEN AI. NEWEN AI successfully achieved a 'double' (a 100% increase compared to the public offering price) on its first day of listing on the KOSDAQ market on the 4th.
In addition, Stonebridge intends to recover investments post-listing in the big data analysis corporation S2W and the AI optimization technology corporation Nota.
S2W submitted a securities report to the Financial Supervisory Service on the 27th of last month, entering the public offering process. Nota has applied for a preliminary review for listing to the Korea Exchange and has started its challenge for listing.
A representative from Stonebridge Ventures noted, "We have concentrated investments of about 300 billion won across the AI technology value chain, including AI infrastructure, AI application services, and AI transformation," adding, "This year is the year of recovery."