# Sapeon Korea

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sapeon-korea

- Industry: Semiconductors
- Headquarters: South Korea
- Website: www.sapeon.com
- Total disclosed funding: $45M
- Latest round: Series A (Aug 30, 2023)
- Investors on record: 7

## About

Founded in 2022 and based in Gyeonggi-do South Korea, Sapeon Korea Inc. operates as a fabless semiconductor company that designs artificial intelligence chips for data centres, cloud computing, and other AI applications. As of 2023, Soojung Ryu serves as the CEO of the company. In August 2023, Sapeon Korea Inc. raised KRW 60 billion in series A funding led by  Ascent Equity Partners, including GS Holdings, E1 Corporation, Hana Securities, Mirae Asset Venture Investment, We Ventures, and DaeBo Communication & Systems Corporation, valuing the company at KRW 500 billion post-money. The company also has an office in the US.

The company offers AI processor components in the form of chips, cards, and servers that are designed to provide cloud AI as a service in data centres. The firm’s line of products includes X220, X330, X340, X350, and X430 processors. Sapeon provides AI applications such as image classification, object detection, image quality enhancement, 5G edge cloud, and a visual positioning system.

The organization plans to use the August 2023 funding to launch full-stack artificial intelligence services, such as hardware powered by AI chips and software algorithms.

## Funding rounds

- Series A, Aug 30, 2023, $45M — Mirae Asset Venture Investment, Hana Securities, GS Holdings, We Ventures, DaeBo Communication & Systems Corporation, Ascent Equity Partners, E1 Corporation

## Investors

- Mirae Asset Venture Investment (https://capitalatlas.ai/funds/mirae-asset-venture-investment) — Series A
- Hana Securities (https://capitalatlas.ai/funds/hana-securities) — Series A
- GS Holdings — Series A
- We Ventures — Series A
- DaeBo Communication & Systems Corporation — Series A
- Ascent Equity Partners (https://capitalatlas.ai/funds/ascent-equity-partners) — Series A
- E1 Corporation — Series A