iA will launch a shareholder-allotted paid-in capital increase of about 10 billion won to invest in a new business for modular artificial intelligence (AI) data centers.
iA said on the 19th that its board met on the 18th and decided on a shareholder-allotted paid-in capital increase of about 10 billion won. The company plans to invest the raised funds in developing, demonstrating, and commercializing NeoCube, a modular AI data center it is pursuing as a new business.
The capital increase will allocate new shares to existing shareholders. DCi, the largest shareholder, plans to subscribe to all allotted new shares. The company said it chose a shareholder-allotted paid-in capital increase to raise funds needed for the new business through equity rather than borrowing.
NeoCube is a small AI data center that packages servers and storage, AI accelerators such as GPUs and NPUs, power and cooling facilities, and cloud operations software into a single module. It is manufactured in a container or cabinet form and then installed at customer sites.
iA plans to build a 25 kW demonstration NeoCube in early next month. After verifying AI computing performance and power and cooling efficiency, the company plans to scale it up to 100 kW for commercialization.
The company is also working with domestic AI Semiconductor companies such as FuriosaAI and Rebellions to apply domestic NPUs to NeoCube. It sees key demand in markets where the use of external clouds is restricted or real-time AI computing is needed, including manufacturing, defense and security, public institutions, finance, and healthcare.