HWACHEON CVC SIRIUS INVEST COMPLETES INVESTMENT IN PROFESSOR ANDREW NG'S LANDING AI

28/11/2023, 09:10 AM

Manufacturing-specialized AI platform developer Samsung Electronics, Intel Capital, etc. invested

Sirius Investment, a new technology finance company, announced on the 28th that it has completed a new investment in Landing AI, a Silicon Valley company founded by

Stanford University professor Andrew Ng, one of the world's top four AI scholars.
Landing AI, headquartered in Palo Alto, California, was founded by Professor Andrew Ng. He is a co-founder of Coursera, a Nasdaq-listed education platform, and is called one of
the world's top four AI scholars along with Jeffrey Hinton, Yann LeCun, and Yoshua Bengio. He co-founded Google Brain, Google's AI research organization, and has successfully
led deep learning projects.

Landing AI is a Silicon Valley startup that provides an AI platform specialized for the manufacturing industry as SaaS (Software as a Service), and is currently providing solutions to
companies of various sizes in the United States, Europe, Japan, Taiwan, and Korea. In addition, active research is being conducted in the image-to-image field related to
generative AI, which has recently attracted attention.

Landing AI's cumulative investment amount including this round is $77 million (approximately KRW 100 billion), and investors include Samsung Electronics, Intel Capital, Insight
Partners, Canada's sovereign wealth fund CPPIB, MacRock Capital, and an AI fund directly managed by Andrew Ng. participated as.

Sirius Investment is a new technology business finance company established in Hwacheon, a machine tool specialist, and was registered with the Financial Supervisory Service in
November 2021, and is led by CEO Kim Ki-tae, a financial expert who worked at Barclays, Samsung Securities, and SK Securities. We are investing in early-stage startups in B2B

software, data-driven AI, and robotics. CEO Kim Ki-tae said, “With this investment, we will accelerate investment in top-tier AI startups in Silicon Valley, while investing in domestic
deep tech startups scheduled to enter the U.S. and providing Sirius’ network.”

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