Tech Company Financing Transactions
MangoBoost Funding Round
IMM Investment, Shinhan Venture Investment and IM Capital invested in a $55 million Series A venture round for MangoBoost. The round was announced on 10/24/2023.
Transaction Overview
Company Name
Announced On
10/24/2023
Transaction Type
Venture Equity
Amount
$55,000,000
Round
Series A
Investors
IMM Investment (Lead Investor)
Shinhan Venture Investment (Lead Investor)
Proceeds Purpose
The CPU is used in almost all devices including computers, cellphones, tablets, smartwatches and TVs. It deals with processing general information on the device, making sure software is running correctly. While the GPU complements the CPU, it handles complex workloads like supercomputing, AI, machine learning and extensive data analysis where numerical precision is required.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
3120 139th Avenue Southeast 500
Bellevue, WA 98005
USA
Bellevue, WA 98005
USA
Phone
Undisclosed
Website
Email Address
Overview
The MangoBoost Data Processing Unit (DPU) enables faster and more scalable datacenters. Our DPU significantly improves application performance and reduces the CPU and server costs for infrastructure processing. We provide fully programmable solutions and cover many market-critical services.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Jangwoo Kim
Chief Operating Officer
Junki Park
Chief Technical Officer
Dongup Kwon
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We do our best to record tech company VC transactions. VC transactions reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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