Tech Company Financing Transactions
Moreh Funding Round
AMD and KT Corp. participated in a $22 million Series B funding round for Moreh. The round was announced on 10/26/2023.
Transaction Overview
Company Name
Announced On
10/26/2023
Transaction Type
Venture Equity
Amount
$22,000,000
Round
Series B
Proceeds Purpose
Moreh will use the money for research and development, product expansion and hiring additional staff, which now has 70 employees. South Korean VC firms Smilegate Investment and Forest Partners, Moreh's existing investor, also participated in the Series B round.
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
20th Floor, 396, Seocho-daero, Seocho-gu Seocho-dong, Gangna
Seoul, 06619
KR
Seoul, 06619
KR
Phone
Undisclosed
Website
Email Address
Overview
With the growing interest in LLMs and multimodal AI, many companies and people are struggling to construct and utilize large-scale AI infrastructure with thousands or more accelerators. The most difficult challenges in AI technology are now a variety of infrastructure-level problems such as parallelization, cluster scalability, performance portability, orchestration of heterogeneous accelerators, and failover. Founded in 2020, we are committed to accelerating the advancement of AI technology by solving these problems with innovative software technologies. Our mission is to develop a full AI software stack optimizing the entire life cycle of a hyperscale AI from development, training, compression, to serving. Through this, we aim to make future AI technology more accessible to a wide range of customers.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Doyeon Yun
Co-Founder
Gangwon Jo
Co-Founder
Jungho Park
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