Five KT Partner Companies Including More and Rebellion Selected as Ultra-Gap Startups

Ministry of SMEs and Startups' 'Super-Gap Startup 1000+ Project'
Five Startups Collaborating with KT Selected
Promoting AI Semiconductor Independence with More, Rebellion, and Others

Five KT partner companies?More, Rebellion, Ravelup, HiBo, and M2M Tech?have been selected as ‘Super-Gap Startups.’ They were chosen for the ‘Super-Gap Startup 1000+ Project,’ which the Ministry of SMEs and Startups launched for the first time this year. The selected startups will receive direct funding of up to 1.1 billion KRW over the next three years, including up to 600 million KRW in business funds and 500 million KRW in R&D funds. They will also receive linked support such as policy funds, guarantees, and export assistance.

On the 10th, KT announced, “Five companies collaborating with KT participated in the innovation sector startup package (new industry startup nurturing) private verification track and were finally selected.” More is a company specializing in AI (artificial intelligence) infrastructure software. Since KT made a strategic investment in 2021, they have been cooperating on various projects such as AI training cloud services and developing large-scale AI models.

Rebellion, an AI semiconductor design startup (fabless), received a strategic investment of 30 billion KRW from KT in July last year. Their AI semiconductor for data centers, ‘Atom,’ is planned to be applied at KT IDC and will also be integrated into KT’s large-scale AI service ‘Mideum.’ KT is working with More, Rebellion, and others to reduce domestic dependence on AI infrastructure and increase self-reliance in AI semiconductors.

In addition, the companies selected as Super-Gap Startups include Ravelup, which provides the platform ‘Backend.AI’ that enables companies to operate the graphic processing units (GPUs) necessary for AI training; HiBo, which specializes in research and development of mid- to short-range wide-field LiDAR; and M2M Tech, a company specializing in AIoT (artificial intelligence of things), a convergence technology combining AI and IoT. All of these companies are collaborating with KT on business projects.

KT stated, “We will actively support startups in the super-gap sectors, which the Ministry of SMEs and Startups plans to focus on nurturing, so that they can grow into unicorns and become future growth engines for the country.”

This content was produced with the assistance of AI translation services.