Artificial intelligence (AI) startup Nota, which is pursuing a KOSDAQ listing, said it will leap to become one of the world's top corporations in AI model compression and optimization technologies.
Chae Myeong-su, CEO of Nota, said at an initial public offering (IPO) press briefing held in Yeouido, Seoul, on the 20th, "As hardware fragmentation has recently intensified and the performance gap between hardware and software has gradually widened, demand for AI model compression and optimization is becoming an irresistible trend of the times," adding, "With this listing, Nota will leap to become a global top-tier corporations in compression and optimization."
Nota is an AI corporations that, based on its AI model compression and optimization technology, provides services that can efficiently implement AI models in all environments from the cloud to on-device. AI compression is a technology that minimizes size and computation while maintaining an AI model's accuracy, and AI optimization is a technology that optimizes a compressed AI model to run well by reflecting the characteristics of the hardware.
Nota is developing its business around the AI model compression and optimization platform NetsPresso and customized on-device AI solutions for clients. The company expressed ambition to strengthen its market position and secure profitability through partnerships with global corporations such as Nvidia, Samsung Electronics, Qualcomm, Arm, and Sony.
Recognized for this AI compression and optimization technology, Nota was named to the "Global innovative AI startup 100" selected by CB Insights this year. It is also participating as a member of the Upstage consortium in the domestic independent AI foundation model development project.
Nota's revenue grew from 480 million won in 2021 to 8.44 billion won in 2024. The company plans to turn profitable by targeting 33.6 billion won in revenue and 4.2 billion won in operating profit in 2027.
Through this listing, Nota plans to offer a total of 2,916,000 shares to the public. The desired offering price per share is 7,600 won to 9,100 won, for an expected total offering amount of about 22.2 billion won to 26.5 billion won. The institutional bookbuilding runs from on the 14th to today.
After the two-day retail subscription on Oct. 23-24, the company is aiming to list within November. Mirae Asset Securities is the lead manager.