# SqueezeBits

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/squeezebits

- Industry: Software
- Headquarters: Seoul, South Korea
- Website: www.squeezebits.com
- Latest round: Seed (Jun 28, 2022)
- Investors on record: 2

## About

Based in Seoul, South Korea, and founded in 2022, SqueezeBits Inc., a.k.a. SqueezeBits operates as a quantization technology company that is developing a solution that accelerates an AI model by reducing it to 4 bits or less. In January 2024, SqueezeBits Inc. raised KRW 2.5 billion in pre-series A funding from Kakao Ventures, Samsung NEXT Ventures, POSCO Capital, and POSTECH Holdings.

The company’s key product offering is OwLite, an AI compression toolkit designed to simplify the application of compression techniques to existing machine learning models. OwLite helps users achieve significant improvements in speed and cost efficiency, making the transition from research to real-life applications seamless.

The company plans to use its proceeds from January 2024 funding to overseas markets and expand its scope of application in the future to support a variety of hardware, including hardware from Intel, AMD, ARM, and NPUs from AI semiconductor startups.

## Funding rounds

- Seed, Jun 28, 2022 — Naver D2 Startup Factory, POSTECH Holdings

## Investors

- Naver D2 Startup Factory (https://capitalatlas.ai/funds/naver-d2-startup-factory) — Seed
- POSTECH Holdings (https://capitalatlas.ai/funds/postech-holdings) — Seed