On the 23rd, Nota, a leading on-device AI company, announced that it has submitted a preliminary review application for a KOSDAQ listing to the Korea Exchange. Nota is the first company to pursue a special technology listing in the field of AI optimization technology, with Mirae Asset Securities as the lead underwriter.
Through this listing, Nota plans to list a total of 21,161,880 shares, including the planned public offering of 2,916,000 shares. In December of last year, Nota received official recognition for its technology and business potential by achieving an ‘A’ grade in AI optimization technology from both NICE Evaluation Information and Korea Technology Credit Bureau, the first to do so in this field.
Nota’s core competency lies in its proprietary AI model optimization platform, NetsPresso®, and its on-device generative AI solution. NetsPresso enables high-performance AI models to operate quickly and efficiently even in resource-constrained edge device environments, and automates the complex model optimization and deployment process, significantly reducing AI development and operational costs for clients.
Currently, Nota has strategic partnerships with global semiconductor leaders such as Nvidia, Qualcomm, Samsung Electronics, Arm, and Sony, and has secured major clients among the Fortune Global 500 companies. Acknowledged for its technological competitiveness and business potential in the on-device AI market, Nota was selected as one of the ‘Global Innovative AI Startups 100’ by the global market research firm, CB Insights, in April.
Additionally, Nota has achieved substantial commercial success in various industries such as industrial safety, traffic, retail, and video surveillance with its on-device generative AI technology applied solution, Nota Vision Agent (NVA). Notably, it recently signed a solution supply contract with the Dubai Department of Transportation in the UAE, the first for a domestic company, proving not only its technological prowess but also its profitability and potential for global expansion.
With the funds raised from the listing, Nota intends to focus on hiring exceptional talent, expanding its global business, and advancing its products, thereby accelerating its technology-driven global expansion strategy. Having established subsidiaries in Berlin, Germany in 2020 and Sunnyvale, USA in 2022, Nota has laid the foundation for its global market entry and is currently expanding its business into key markets such as the Middle East, Japan, and Southeast Asia.
Chan Myung-soo, CEO of Nota, commented, “The submission of this preliminary review for KOSDAQ listing is an important milestone for Nota in establishing itself as a leading company in the global AI optimization market. We will actively invest the funds raised from the IPO in advancing our technology and expanding our global business to further strengthen our leadership in the AI optimization technology field.”
Meanwhile, Nota quickly attracted investments from the likes of Samsung, LG, Naver D2SF, and Kakao since its early days, securing a total accumulated investment of 53.2 billion won and building a stable and solid financial structure. Last year’s sales were approximately 8.4 billion won, a 136% increase from the previous year, and the company is anticipating a sales growth of over 67% year-on-year this year, continuing its sustainable growth trajectory. This demonstrates that its technology-based revenue model is gradually entering a stable orbit.