Selection of 1000+ Outstanding Companies in the Super-Gap Startup Program
AI infrastructure solution company MOREH received the Minister of SMEs and Startups Award at the opening ceremony of the 'Global Supergap Tech Conference' held at the Conrad Seoul Hotel on the 26th.
Cho Kang-won, CEO of More, is receiving a certificate of commendation from Oh Young-joo, Minister of SMEs and Startups (right), at the opening ceremony of the 'Global Super-gap Tech Conference' held at Conrad Seoul Hotel on the 26th, and posing for a commemorative photo. Photo by More
At this event organized by the Ministry of SMEs and Startups to secure new technology strategies for deep tech startups and promote global expansion, MOREH was selected as one of the 10 outstanding companies this year in research and development and new market development among the 'Supergap Startup 1000+ Project' companies.
The Supergap Startup 1000+ Project is a government initiative to select and intensively support over 1,000 excellent deep tech startups in 10 new industry sectors such as system semiconductors and artificial intelligence (AI), aiming to nurture them into global unicorns that will lead the future of the national economy. MOREH was selected as a target company in May last year and is receiving up to 1.1 billion KRW in funding over three years, including 600 million KRW in business funds and 500 million KRW in R&D funds.
Jangwon Cho, CEO of MOREH, said, "We are pleased that our efforts to present alternatives based on technology in the global AI market, which is monopolized by NVIDIA hardware and CUDA software, have been recognized," adding, "We will strive even harder to grow into a supergap tech company through R&D and overseas market expansion in cooperation with global companies."
MOREH develops enterprise AI cloud solutions including AI infrastructure software. MOREH’s solutions provide GPU virtualization techniques compatible with various GPU and NPU resources such as NVIDIA and AMD, offering efficient and broad alternatives to AI operators. Additionally, it automatically implements various parallelization and optimization techniques required by large AI models, lowering the barriers to AI model development.
MOREH was founded mainly by members of the Seoul National University Manycore Programming Research Group, who researched supercomputing in Korea and developed the first purely domestic supercomputer, 'Cheondung.' Since its establishment in September 2020, the company currently employs about 120 professionals in Korea and Vietnam, including 53 researchers with master's and doctoral degrees.
In October last year, MOREH received $22 million in Series B funding from KT, AMD, and others, and recently formed a strategic partnership with Jim Keller’s Tenstorrent to target the AI data center market.
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