Sapeon Raises $380M in Series A Funding to Expand AI Services and Develop Next-Gen Chips, South Korea

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Sapeon, a spin-off of SK Telecom, sk Hynix, and SK Square, has successfully raised $380 million in Series A funding to expand their AI services and develop next-generation chips. The funding round was led by Ascent Equity Partners, with participation from GS affiliates, Daebo Information & Communication, Hana Financial Group, Mirae Asset Venture Investment, We Ventures, and E1. This investment values Sapeon at KRW500bn ($380m).

Sapeon aims to provide AI services using a comprehensive AI full-stack strategy, covering everything from AI semiconductor hardware to AI algorithms and software to AI-based services. They have already developed the X220 chip, which boasts a deep learning computation speed of 6.7 Kframes per second, enabling it to process a remarkable 6,700 images per second. This chip is designed for 16, 8, and 4-bit inference.

In the second half of this year, Sapeon plans to release their next-generation X330 chip, which is expected to deliver four times the performance of the X220. The X330 chip will feature GDDR6 memories and enhanced self-learning capabilities. Sapeon also has plans to launch the X340 and X350 versions later this year. Looking further ahead, their third-generation chip, the X430, is slated for 2025 and will leverage high-speed HBM3 memory.

Sapeon has already integrated the X220 chip into two PCI Express 3.0 cards with processing capabilities ranging from 65 to 174TOPS. The company is working closely with Hana Financial Group to conduct stability testing on an OCR (Optical Character Recognition) model that utilizes their AI semiconductors. This model is particularly valuable for improving document recognition within the banking sector, and the tests have confirmed the effective operation of Sapeon’s X220 chip.

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Collaboration between Sapeon and the GS Group has resulted in the development of SK Telecom’s AI-based image/video quality improvement solution called SUPERNOVA. This partnership aims to enhance Content Delivery Network (CDN) services in the media industry. Additionally, Sapeon is engaged in joint efforts with Daebo Information & Communication to create smart transportation applications. They also have plans to expand their presence in smart factories, retail, and the Internet of Things (IoT) domain.

Ryu Su-jeong, the CEO of Sapeon, expressed gratitude for the investments made by Ascent Equity Partners, Hana Financial Group, GS Group affiliates, Mirae Asset Venture Investment, We Ventures, and E1. He highlighted the significance of this funding as a testament to Sapeon’s technological capabilities and their commitment to applying them across various business sectors. Ryu affirmed that Sapeon will leverage their accumulated technology and experience to deliver top-notch AI services across diverse fields, emphasizing their dedication to quality.

With their innovative chips and AI services, Sapeon is carving its path in the AI industry. With the successful Series A funding, they are well-equipped to expand and further establish themselves as leaders in this field. As the demand for AI technologies continues to grow across industries, Sapeon’s comprehensive AI full-stack strategy positions them to meet the evolving needs of their customers effectively.

Frequently Asked Questions (FAQs) Related to the Above News

Who is Sapeon and what do they do?

Sapeon is a spin-off of SK Telecom, sk Hynix, and SK Square. They provide AI services using a comprehensive AI full-stack strategy, covering everything from AI semiconductor hardware to AI algorithms and software to AI-based services.

How much funding did Sapeon raise in their Series A round and who led the funding?

Sapeon raised $380 million in their Series A funding round, which was led by Ascent Equity Partners.

What is the valuation of Sapeon after the Series A funding?

After the funding round, Sapeon is valued at KRW500bn ($380m).

What is the X220 chip developed by Sapeon capable of?

The X220 chip developed by Sapeon has a deep learning computation speed of 6.7 Kframes per second, enabling it to process 6,700 images per second. It is designed for 16, 8, and 4-bit inference.

What is the next-generation chip that Sapeon plans to release?

Sapeon plans to release the X330 chip in the second half of this year. It is expected to deliver four times the performance of the X220 and will feature GDDR6 memories and enhanced self-learning capabilities.

What are Sapeon's plans for future chip releases?

Sapeon plans to launch the X340 and X350 chip versions later this year. They also have plans for their third-generation chip, the X430, which is scheduled for 2025 and will leverage high-speed HBM3 memory.

How has Sapeon integrated their chips into existing applications?

Sapeon has already integrated the X220 chip into two PCI Express 3.0 cards with processing capabilities ranging from 65 to 174TOPS. They are also conducting stability testing with Hana Financial Group on an OCR model that utilizes their AI semiconductors.

What collaborations has Sapeon engaged in with other companies?

Sapeon has collaborated with the GS Group to develop SK Telecom's AI-based image/video quality improvement solution called SUPERNOVA. They are also partnering with Daebo Information & Communication to create smart transportation applications.

What are Sapeon's plans for expansion?

Sapeon plans to expand their presence in smart factories, retail, and the Internet of Things (IoT) domain.

How does Sapeon plan to leverage their technology and experience?

Sapeon plans to leverage their accumulated technology and experience to deliver top-notch AI services across diverse fields, emphasizing their dedication to quality.

How will Sapeon meet the growing demand for AI technologies?

Sapeon's comprehensive AI full-stack strategy positions them to effectively meet the evolving needs of their customers as the demand for AI technologies continues to grow across industries.

Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.

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