AI optimization know-how startup Nota raises $14.7M USD collection B with recognition from world enterprises for its know-how

SEOUL, South Korea, Nov. 30, 2021 /PRNewswire/ — Nota, an AI optimization platform startup, has acquired collection B funding amounting to USD 14.7M that’s saying right this moment.

The collection B funding was finalized final month, a 12 months after the collection A funding of USD 6.7M. The collection B funding spherical joined by Stonebridge Ventures, LB Funding, DS Asset, Intervest, and Firm Ok Companions. Nota has raised a complete of $23M.

Nota is a tech startup that focuses on optimizing AI fashions with its foremost platform resolution referred to as NetsPresso and develops numerous edge AI options together with clever transportation system, facial recognition-based entry management, and low-powered driver monitoring resolution in a car.

NetsPresso: Nota’s hardware-aware AutoML platform

Nota’s NetsPresso is its proprietary hardware-aware AutoML platform that automates AI mannequin growth course of solely with datasets. NetsPresso considerably reduces time and sources which can be required to develop an AI mannequin and optimize the mannequin for a goal {hardware} by automating the method. The platform resolution has been validated by quite a few enterprises and is in Beta take a look at earlier than launching.

As well as, Nota broadcasts that it has launched a beta model of NetsPresso’s Compression Toolkit module individually to help deep studying engineers to implement numerous AI mannequin compression strategies to optimize AI fashions higher and quicker with its GUI.  

Nota’s differentiated know-how can also be acknowledged as its options are chosen as Nvidia’s success case and Arm’s AI case examine.  Based mostly on its core know-how, Nota supplies NetsPresso and optimized AI options to enterprises in home and world B2B market.

An investor from Stonebridge Ventures stated, “As the scale of high-performance AI fashions resembling GPT-3 is quickly rising and most AI fashions are too huge for edge gadgets to deal with, the significance of AI mannequin optimization is rising greater than ever. We anticipate that Nota will have the ability to lead the worldwide MLOps market not solely with its optimization software program, but in addition with its hardware-aware AutoML resolution, the primary of its type within the trade.”  

DS Asset commented, “Nota has confirmed their enterprise potential and skill to compete within the world market primarily based on their partnership with world server and edge market leaders, Nvidia and Arm. We imagine their options will attain larger ranges of efficiency with the rising pool of R&D professionals as nicely.”

Nota plans to broaden its world enterprise and improve its AI optimization know-how. The startup additionally intends to fortify its R&D crew by recruiting extra top-tier skills.

Myungsu Chae, CEO of Nota, feedback, “The collection B funding allows us to go head on with the enhancement of our optimized AI options. This shall be a step-up alternative for us to succeed in a extra numerous vary of industries with our know-how which has already gained validation from top-tier enterprises.”

Nota will exhibit at CES 2022 to focus on its AI optimization platform, NetsPresso and on-device ITS and DMS options.

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