Nvidia invests in Korean AI startup Point2Tech, plans to invest in three more
【Nvidia invests in Korean AI startup Point2Tech, plans to invest in three more】On November 9, according to Yonhap News Agency, Nvidia and South Korea’s Ministry of Science and ICT held an “AI Startup Collaboration Forum” at COEX in Seoul, announcing an investment in AI startup Point2Tech and plans for additional investments in Motif Technologies, Realworld, and Upstage. Point2Tech is developing scalable radio-frequency interconnect technology for AI factories to replace copper cables and optical interconnects. Upstage focuses on its proprietary large language model Solar and document AI. Its previous investors include Amazon and AMD, and Nvidia joined in the second closing of its Series C round. In April, it completed the first closing of the Series C round, raising 180 billion won at a valuation of over 1 trillion won, making it South Korea’s first generative AI unicorn. Motif also completed a bridge financing round and plans to release Motif 4 with open weights in the first quarter of next year. Motif 3 scored 47 on Artificial Analysis’s Intelligence Index, ranking 10th globally and fourth among open-weight models. Realworld is developing foundation models for humanoid and industrial robots that can perform five-fingered tasks such as inserting precision parts and tightening bolts. Through its Inception program, Nvidia provides more than 1,000 member companies in South Korea with discounted pricing, technical resources, and connections to investors.
【Nvidia invests in Korean AI startup Point2Tech, plans to invest in three more】On November 9, according to Yonhap News Agency, Nvidia and South Korea’s Ministry of Science and ICT held an “AI Startup Collaboration Forum” at COEX in Seoul, announcing an investment in AI startup Point2Tech and plans for additional investments in Motif Technologies, Realworld, and Upstage. Point2Tech is developing scalable radio-frequency interconnect technology for AI factories to replace copper cables and optical interconnects. Upstage focuses on its proprietary large language model Solar and document AI. Its previous investors include Amazon and AMD, and Nvidia joined in the second closing of its Series C round. In April, it completed the first closing of the Series C round, raising 180 billion won at a valuation of over 1 trillion won, making it South Korea’s first generative AI unicorn. Motif also completed a bridge financing round and plans to release Motif 4 with open weights in the first quarter of next year. Motif 3 scored 47 on Artificial Analysis’s Intelligence Index, ranking 10th globally and fourth among open-weight models. Realworld is developing foundation models for humanoid and industrial robots that can perform five-fingered tasks such as inserting precision parts and tightening bolts. Through its Inception program, Nvidia provides more than 1,000 member companies in South Korea with discounted pricing, technical resources, and connections to investors.