Nota AI, a South Korean pioneer in AI model optimization for edge devices, has filed a preliminary application to list on the KOSDAQ, becoming the first company in its niche to seek a public offering on Korea’s tech-focused exchange.
The Seoul-based firm plans to offer approximately 2.92 million shares from a total issuance of 21.16 million, with Mirae Asset Securities acting as lead underwriter.
The IPO filing comes amid a period of rapid growth for the company, which has seen revenue surge tenfold over the past five years, including a 136% jump last year to $5.86 million.
Founded on a vision to enable efficient AI deployment on resource-constrained devices, Nota AI’s core platform, NetsPresso®, automates model optimization to minimize computing needs and reduce costs.
This on-device approach is increasingly relevant as demand for edge AI grows across sectors.
The company has formed strategic alliances with global semiconductor giants including NVIDIA, Qualcomm, Samsung Electronics, Arm, and Sony, a move that has significantly broadened its market reach.
Nota AI’s solutions have been adopted by several Fortune Global 500 firms, with applications spanning industrial safety, transportation, and retail.
Earlier this year, Nota AI became the first Korean AI optimization startup to secure a contract with Dubai’s Roads and Transport Authority, highlighting its traction in overseas markets.
The company currently operates international offices in Berlin and Sunnyvale and is actively expanding into the Middle East, Japan, and Southeast Asia.
The company’s portfolio includes the generative AI-based Nota Vision Agent (NVA), a video monitoring solution deployed across various industries. Nota AI was also named among the “100 Most Innovative AI Startups” by CB Insights.
IPO proceeds will be used to bolster global expansion, accelerate product development, and support the recruitment of top-tier talent. The listing is seen as a key milestone in the company’s evolution as it continues to scale its AI optimization business on a global stage.
Business News Asia