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Printed: September 14, 2023 at 7:38 am Up to date: September 14, 2023 at 7:38 am
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Panmnesia, a South Korean chip startup, has secured $12.5 million in seed funding, pushing its valuation to $81.4 million.
The corporate makes a speciality of pioneering mental property for Compute Categorical Hyperlink (CXL) expertise, aiming to rework knowledge facilities by enabling the sharing of AI accelerator chips, processors, and reminiscence.
Panmnesia, a South Korean chip startup, has secured a $12.5 million seed spherical of funding, boosting its valuation to $81.4 million. The corporate makes a speciality of creating mental property for Compute Categorical Hyperlink (CXL) expertise, which goals to revolutionize massive knowledge facilities by enabling the pooling of assorted units like AI accelerator chips, processors, and reminiscence.
Reminiscence bottlenecks in processing AI functions have lengthy been difficult for knowledge heart operators. Panmnesia’s progressive CXL expertise seeks to handle this difficulty by enhancing effectivity by means of machine pooling. As well as, CEO Myoungsoo Jung emphasised the difficulties in accommodating numerous AI accelerators with out a standardized interface, underlining the significance of Panmnesia’s answer.
Distinguished chip design software program corporations Synopsys and Cadence Design Methods have expressed curiosity in Panmnesia’s expertise.
The seed spherical, led by Daekyo Funding, additionally featured investments from notable entities comparable to SL Funding, Smilegate Funding, GNTech Enterprise Capital, Time Works Funding, Yuanta Funding, and Quantum Ventures Korea.
Panmnesia’s capital comes as a part of the South Korean authorities’s formidable plan to bolster the home AI chip trade, earmarking $800 million over the following 5 years to raise the Korean AI chip presence in home knowledge facilities from nearly zero to a powerful 80% by 2030.
Panmnesia Not too long ago Unveiled AI Acceleration System
In April, Panmnesia revealed a sophisticated AI acceleration system named TrainingCXL that leverages CXL expertise to handle the escalating calls for of memory-intensive AI functions.
TrainingCXL provides a colossal reminiscence capability, scalable efficiency, and considerably diminished coaching execution occasions, presenting a game-changing answer for AI functions.
In line with Jung, the system boasts a reminiscence capability that may scale as much as a outstanding 4PB (petabytes). Furthermore, it reduces coaching execution time by 5.3 occasions in comparison with standard methods that depend on the PCIe interconnect.
As main tech giants like Meta and Microsoft grapple with the necessity to develop the scale of their AI fashions to remain aggressive, the demand for computing methods able to dealing with large-scale AI has been skyrocketing.
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Agne is a journalist who covers the newest tendencies and developments within the metaverse, AI, and Web3 industries for the Metaverse Submit. Her ardour for storytelling has led her to conduct quite a few interviews with specialists in these fields, all the time looking for to uncover thrilling and interesting tales. Agne holds a Bachelor’s diploma in Literary Research from the College of Amsterdam and has an in depth background in writing about a variety of matters together with cybersecurity, journey, artwork, and tradition. She has additionally volunteered as an editor for the animal rights group, “Open Cages,” the place she helped increase consciousness about animal welfare points. At the moment, Agne splits her time between Barcelona, Spain, and Vilnius, Lithuania, the place she continues to pursue her ardour for journalism. Contact her on [email protected].
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Agne is a journalist who covers the newest tendencies and developments within the metaverse, AI, and Web3 industries for the Metaverse Submit. Her ardour for storytelling has led her to conduct quite a few interviews with specialists in these fields, all the time looking for to uncover thrilling and interesting tales. Agne holds a Bachelor’s diploma in Literary Research from the College of Amsterdam and has an in depth background in writing about a variety of matters together with cybersecurity, journey, artwork, and tradition. She has additionally volunteered as an editor for the animal rights group, “Open Cages,” the place she helped increase consciousness about animal welfare points. At the moment, Agne splits her time between Barcelona, Spain, and Vilnius, Lithuania, the place she continues to pursue her ardour for journalism. Contact her on [email protected].