Nota AI Raises $19.9 Million in Series C

by Kay Aloha Villamor in June 19th, 2024

Nota AI, a South Korea-based startup specializing in AI optimization and lightweighting technology, raised $19.9 million in C funding, bringing its total raised to $42.6 million (53.2 billion KRW).   


The round was led by STIC Ventures and LB Investment, with new contributions from STIC Ventures, Korea Development Bank, and Mirae Asset Securities. Existing investors Stonebridge Ventures, LB Investment, InterVest, and DS Investment Partners also participated, alongside a key AI semiconductor CVC as a strategic investor.   

Founded in 2018, STIC Ventures is the venture capital arm of STIC Investments based in Seoul, South Korea. The firm prefers to invest in seed-stage, early-stage, and later-stage companies.   

Founded in 1996, LB Investment is a venture capital firm based in Seoul, South Korea. The firm has an additional office in Shanghai. The firm seeks to invest in Korea and China-based companies.   

Nota AI Use of Funds   

The company will use the funding to actively recruit top AI optimization talent and enhance collaborations with global AI semiconductor companies to expand its business.   

Nota AI intends to file for an IPO early next year, with Mirae Asset Securities as the lead underwriter.   

About Nota AI   

Founded in 2015, Nota AI focuses on edge and on-device generative AI technology. The company's platform, NetsPresso, is designed to optimize AI models for efficient deployment on various devices. Nota AI has established official partnerships with global tech companies such as NVIDIA, ARM, Intel, STMicroelectronics, and Renesas, maintaining close collaborations.   

Funding Details      

Company: Nota, Inc.   

Raised: $19.9M                  

Round: Series C        

Funding Month: June 2024                   

Lead Investor: STIC Ventures, LB Investment    

Additional Investors: Korea Development Bank, Mirae Asset Securities, Stonebridge Ventures, LB Investment, InterVest, DS Investment Partners, CVC   

Company Website:    

Software Category: AI Optimization   


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