Dinotisia said on the 21st that it had raised 90 billion won in a Series A round. With this funding, the company plans to speed up the expansion of its artificial intelligence (AI) storage business.
The round was led by Elohim Partners. Key investors included Kiwoom Investment, Starting Line, Maple Investment Partners, Daesung Private Equity, Shinhan Venture Investment, and Almus Investment. Existing investors also made follow-on investments.
Dinotisia is a startup advancing an AI storage business with the vector databases (DB) "Seahorse" and a vector data processing–dedicated semiconductor, "VDPU." VDPU, which Dinotisia developed as an industry first, is a semiconductor designed to accelerate the data search and processing layers.
The company built a business strategy that integrates external knowledge, long-term memory, and short-term working memory into a single data stack. The plan is to create infrastructure that allows Generative AI not only to store data but also to retrieve and use it quickly when needed.
To that end, the vector DB Seahorse earned GS certification grade 1 in January. On the 1st, the company also officially launched the Seahorse cloud SaaS. For VDPU, the design has been completed, and the company aims to unveil the product in the second half of the year and begin mass production afterward. It is conducting proof of concept (PoC) with global storage and server manufacturers to apply VDPU technology.
Chief Executive Jeong Moo-kyung of Dinotisia said, "With this investment, we will ramp up our AI storage business based on Seahorse and VDPU and leap forward as a core company of next-generation AI infrastructure."
The company recently selected Korea Investment & Securities Co. and Shinhan Investment & Securities as joint lead underwriters and is also preparing for an initial public offering (IPO).