Lablup Inc. (CEO Shin Jeong-kyu), an AI research, development, and service platform company, announced that it has finalized a Series A investment of KRW 10.5 billion. LB Investment, IBK, K2 Investment Partners, and Daesung Startup Investment participated in the round.

With the recent ChatGPT craze increasing interest in generative AI services, investors recognized the value of Lablup, which develops and sells Backend.AI, a platform that enables companies to efficiently operate GPUs, AI semiconductors, and data required for AI training and services.

Currently, Backend.AI is used in a variety of AI development and service fields, including the development of large language models and generative AI for pictures, text, music, etc. and the use of AI education platforms, based on maximizing GPU cluster utilization, intuitive user experience and management, low-cost/low-latency AI model and service technology, and support for various AI semiconductors.

Lablup's Backend.AI is used by large Korean companies such as Samsung Electronics, KT, LG Electronics, CJ, and more than 70 other companies and organizations, including the Bank of Korea, the Korea Health Insurance Agency, and GIST, and has been selected as NVIDIA's DGX-Ready software, the only total AIOps platform solution for AI development and services in the Asia Pacific region.

"As interest in AI R&D and services continues to grow globally, so does the demand for solutions that can provide much-needed resources for GPU utilization and cost savings," said Jungkyu Shin, CEO of Lablup. "This investment will enable us to play a leading role in the AI platform solution market, both domestically and globally."

Automatically translated from Korean Article