Korea Development Bank

Upstage Raises $72 Million in Series B Funding to Expand Global Reach of its Groundbreaking AI Solutions

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星期二, 四月 16, 2024

Big, Industrial bank, OCR, Korea Development Bank, AI, Document, Document AI, API, History, Industrial Bank of Korea, KT, SK Group, Venture round, DUS, SoftBank Group, Solar, SAN, Samsung

SAN JOSE, Calif., April 16, 2024 /PRNewswire/ -- Upstage, a pioneering AI company specializing in large language models (LLMs) and Document AI, today announced that it has raised $72 million in a Series B. With this latest investment, Upstage has now raised over $100 million since its founding in October 2020, making it the most-funded South Korean AI software company in history.

Key Points:

The AI startup has raised over $100 million in cumulative investment through Series A and B funding rounds, making it the most-funded AI software company in South Korea.
SAN JOSE, Calif., April 16, 2024 /PRNewswire/ -- Upstage , a pioneering AI company specializing in large language models (LLMs) and Document AI, today announced that it has raised $72 million in a Series B.
With this latest investment, Upstage has now raised over $100 million since its founding in October 2020, making it the most-funded South Korean AI software company in history.
"We're thrilled to extend our strong success in South Korea to a global audience," said Sung Kim, co-founder and CEO of Upstage.

Strata Clean Energy Secures $559 Million Financing for 1GWh Battery Energy Storage Project in Arizona

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星期三, 二月 21, 2024

Other Energy, Technology, Utilities, Batteries, Alternative Energy, Energy, Korea Development Bank, CoBank, Growth, Primary energy, Norddeutsche Landesbank, Arizona Public Service, Electricity, Nomura, Renewable energy

Strata Clean Energy (Strata), a leading developer, owner, and operator of renewable energy projects, has closed on a $559 million financing for the construction and ownership of the Scatter Wash battery storage complex.

Key Points:

Strata Clean Energy (Strata), a leading developer, owner, and operator of renewable energy projects, has closed on a $559 million financing for the construction and ownership of the Scatter Wash battery storage complex.
A consortium of leading financial institutions collaborated to secure the necessary funding for this project.
"The successful financing for the Scatter Wash battery storage complex marks a significant step forward in our mission to drive the transition to clean energy,” said Markus Wilhelm, Chief Executive Officer of Strata Clean Energy.
In May 2023, Strata forged a 20-year tolling agreement with Arizona Public Service, cementing its commitment to this groundbreaking initiative.

Eneti Inc. Announces Closing of a $436.0 Million Credit Facility and Sale of Two NG2500X Vessels

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星期四, 十一月 30, 2023

Kraken, Korea Development Bank, Commercial, KEXIM, Sale, Exim Bank, Wind, Hydra, Investment banking, Line of credit, KfW, Hana Bank

The maturity date of the Credit Facility in relation to each vessel is 12 years from the delivery date of each vessel.

Key Points:

The maturity date of the Credit Facility in relation to each vessel is 12 years from the delivery date of each vessel.
The Credit Facility bears interest at a blended margin of SOFR plus 2.36% per annum (exclusive of premiums payable to K-SURE and Eksfin).
The remaining terms and conditions, including financial covenants, are similar to those of the Company’s existing credit facility.
These deliveries, along with the delivery of the Seajacks Kraken in October 2023, complete the sale of all of the Company’s NG2500X vessels.

Boralex and the Innu announce the closing of a financing for over $600 million for the Apuiat wind farm in Quebec

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星期五, 九月 8, 2023

Desjardins Group, BLX, CaixaBank, Korea Development Bank, Trust, DZ Bank, Risk, Innu, TSX, Growth, ESG, Letter, Legislation, Security (finance), Boralex

MONTRÉAL, Sept. 08, 2023 (GLOBE NEWSWIRE) -- Boralex Inc. (“Boralex” or the “Company”) (TSX: BLX) and its Innu community partners in Parc éolien Apuiat S.E.C.

Key Points:

MONTRÉAL, Sept. 08, 2023 (GLOBE NEWSWIRE) -- Boralex Inc. (“Boralex” or the “Company”) (TSX: BLX) and its Innu community partners in Parc éolien Apuiat S.E.C.
(the “Innu”) are pleased to announce the closing of a $608 million financing for the Apuiat wind farm, located on Quebec’s North Shore.
As financial advisor, Selkirk Advisory Group also contributed to the success of this financing.
A significant portion of the long-term financing component bears interest at a rate fixed under an interest rate hedging arrangement.

Food Science, which developed the world's first hangover drink with the protein of blowfish, launches the fruit-flavored carbonated drink 'VTalk Ade'

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星期三, 八月 23, 2023

Taste, Ministry, Korea Development Bank, SME, Food science, Soft drink

This company was selected as an early-stage technology commercialization investment company by the Korea Development Bank, thereby laying the foundation for focusing on R&D.

Key Points:

This company was selected as an early-stage technology commercialization investment company by the Korea Development Bank, thereby laying the foundation for focusing on R&D.
For the first time in the world, the company has developed "Morning Power," a hangover drink made with the protein of blowfish as the main ingredient and is supplying it not only to Korea but also to overseas countries.
The newly released "VTalk ADE" boasts a refreshing taste with fruit-flavored carbonated drinks as the market grows for fruit-flavored carbonated drinks, reducing the repulsion to strong carbonated drinks with low carbonated drinks.
In addition, consumers can feel a sense of freshness visually as the drink uses a plastic container that is transparent.

MakinaRocks Joins World Economic Forum Global Innovators Community

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星期一, 七月 24, 2023

SK Telecom, Workforce, Semiconductor, Global Innovation through Science and Technology initiative, World Economic Forum, Hyundai Motor Company, GS Group, CB Insights, Advanced manufacturing, Cortex Innovation Community, Silicon, Innovation, AI, Korea Development Bank, Forum

"We are thrilled to receive recognition from the World Economic Forum for our achievements in developing practical AI solutions across diverse sectors, including automotive, energy, and semiconductors," said Andre S. Yoon, CEO of MakinaRocks.

Key Points:

"We are thrilled to receive recognition from the World Economic Forum for our achievements in developing practical AI solutions across diverse sectors, including automotive, energy, and semiconductors," said Andre S. Yoon, CEO of MakinaRocks.
"As a valued member of the Global Innovators Community and a leading industrial AI startup based in South Korea, MakinaRocks is committed to spearheading the intelligentization of the manufacturing and industrial domains."
"The World Economic Forum is pleased to have MakinaRocks join our Global Innovator Community," says Verena Kuhn, Head of the Innovator Communities at the World Economic Forum.
The World Economic Forum provides the Global Innovators Community with a platform to engage with public- and private-sector leaders and to contribute new solutions to overcome the existing crises and build future resiliency.

Fujitsu Client Computing Limited Selects Blue Yonder to Transform Supply Planning and S&OP Capabilities

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星期四, 一月 12, 2023

That’s why Fujitsu Client Computing Limited , a leader in delivering world-changing technology, has embarked on a digital supply chain transformation journey using several Blue Yonder Planning solutions, including supply planning and sales & operations planning (S&OP) capabilities.

Key Points:

That’s why Fujitsu Client Computing Limited , a leader in delivering world-changing technology, has embarked on a digital supply chain transformation journey using several Blue Yonder Planning solutions, including supply planning and sales & operations planning (S&OP) capabilities.
Needing a supply chain planning capabilities upgrade to meet the demands of today’s constantly changing environment, Fujitsu Client Computing turned to Blue Yonder for the solution.
Once fully implemented, Blue Yonder’s Planning solutions will enable Fujitsu Client Computing to improve efficiency and flexibility to accommodate the current environment and business needs across its supply chain.
Learn more about Blue Yonder’s Planning solutions, including supply planning and sales & operations planning (S&OP) capabilities
1 Gartner, “Magic Quadrant for Supply Chain Planning Solutions,” Amber Salley, Tim Payne, Pia Orup Lund, Janet Suleski, 16 May 2022.

MORAI To Showcase Latest Autonomous Driving Simulation Technology at CES 2023

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星期五, 十二月 16, 2022

SEOUL, South Korea, Dec. 16, 2022 /PRNewswire/ -- MORAI, a member of the Born2Global Centre, the leading developer of full-stack autonomous driving simulation technology, announced today that it has advanced its autonomous driving simulation technologies to expand its application to various unmanned systems. The company will exhibit the latest technologies via its simulation platform MORAI SIM at CES 2023.

Key Points:

- MORAI scales up its autonomous driving simulation technologies as its application diversifies to include Urban Air Mobility (UAM), unmanned robots, vessels and unmanned ground vehicles
SEOUL, South Korea, Dec. 16, 2022 /PRNewswire/ --MORAI, a member of the Born2Global Centre, the leading developer of full-stack autonomous driving simulation technology, announced today that it has advanced its autonomous driving simulation technologies to expand its application to various unmanned systems.
The company will exhibit the latest technologies via its simulation platform MORAI SIM at CES 2023.
MORAI ( www.morai.ai) is a South Korean technology company that develops simulation platforms to verify the safety and reliability of autonomous vehicles.
MORAI currently supplies industry, research organizations, and universities with autonomous driving simulation solutions, and is looking to form partnerships with companies from around the world.

THINK Surgical Raises $100 Million to Accelerate Commercialization of Robotic Surgery Products

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星期三, 十月 26, 2022

Stuart, Leadership, THINK, Industry, Surgeon, Surgery, Korea Development Bank, Medical device, 3D printing, Management

This investment will allow THINK Surgical to bring new products to market which will offer a common planning solution across multiple robotic platforms along with a choice of implants from different manufacturers.

Key Points:

This investment will allow THINK Surgical to bring new products to market which will offer a common planning solution across multiple robotic platforms along with a choice of implants from different manufacturers.
This investment will enable THINK Surgical to achieve its full potential as a leader in the orthopedic surgical robot space with a differentiated business model.
THINK Surgical is committed to advancing robotic systems for joint replacement surgery that feature an open implant library.

Superb AI Raises $16 Million In Series B Funding, Continues Building Fastest Training Data Platform For Computer Vision

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星期三, 九月 21, 2022

Superb AI Raises $16 Million In Series B Funding, Continues Building Fastest Training Data Platform For Computer Vision

Key Points:

Superb AI Raises $16 Million In Series B Funding, Continues Building Fastest Training Data Platform For Computer Vision
"We believe Superb AI's unique approach accelerates computer vision projects by automating data preparation to faster and more predictably leverage AI and machine learning," said Hyun Kim, co-founder and CEO of Superb AI.
Since the start, Superb AI's core mission has been to lower the barriers to entry for developing production-grade AI and to deliver the fastest and most trusted data management platform for computer vision applications.
Superb AI is an end-to-end training data platform that automates data preparation at scale to make building and iterating on datasets quick, systematic, and repeatable.
Superb AI empowers companies at all stages to build and deploy computer vision applications significantly faster.For more information, visit www.superb-ai.com .