Moreh, a Santa Clara- and Seoul-based startup specializing in AI software, has raised $22 million in a Series B funding round, bringing its total funding to $30 million.
Investors in the round
The investment round included backing from notable supporters such as semiconductor manufacturer AMD and South Korean telecommunications company KT.
Moreh Use of Funds
The company plans to use the funding for research and development, product expansion, and staff hiring.
About Moreh
Founded in 2020, Moreh is an AI software development company that builds an AI software tool that optimizes and creates AI models. Moreh's flagship AI software, called the MoAI, is compatible with popular machine learning frameworks like PyTorch and TensorFlow, as well as AI models that were previously exclusive to Nvidia. The software allows GPUs and other AI chips to operate large language models (LLMs) and other AI models without the need for code changes. The company’s mission is to develop a full AI software stack optimizing the entire life cycle of a hyperscale AI from development, training, and compression, to serving.
Funding Details
Company: Moreh, Inc.
Raised: $22.0M
Round: Series B
Funding Month: October 2023
Investors: Advanced Micro Devices, Inc., Smilegate Investment, Inc., KT Corporation, Forest Partners LLC
Company Website: https://moreh.io/
Software Category: AI Software Tool
Source: https://techcrunch.com/2023/10/25/amd-korean-telco-kt-among-backers-in-ai-software-developer-moreh-in-22m-series-b/