'AI Integrated Platform' Vesl AI Raises $12 Million in Series A Funding

Vessl AI, an operator of an integrated artificial intelligence (AI) platform, announced on the 8th that it has secured approximately $12 million (about 15.8 billion KRW) in Series A funding.

The investment round included participation from Aventures, Ubiquity Investment, Mirae Asset Securities, Sirius Investment, SJ Investment Partners, Wooshin Venture Investment, and Shinhan Venture Investment. Aventures, the lead underwriter, participated as a follow-up investor following the Pre-A round. Vessl AI's cumulative investment amount has reached approximately $16.8 million (about 22 billion KRW).

Vessl AI provides a machine learning operations (MLOps) platform that supports efficient infrastructure construction and operation in response to the rapidly increasing computing demand in the era of large language models (LLM) and generative AI. Through a hybrid solution that integrates on-premises and cloud resources, it significantly reduces data processing and model training time for client companies and cuts computing costs by up to 80%.

Domestically, it is collaborating with major corporations such as Hyundai Motor Company, LG Electronics, and Tmap Mobility. It has also established partnerships with big tech companies like Google Cloud and Oracle, generating substantial revenue overseas. Since its founding in 2020, it has maintained a continuous annual revenue growth rate of 300%, with a goal of achieving 10 billion KRW in revenue next year.

As the transition from MLOps to large language model operations (LLMOps) accelerates, Vessl AI plans to focus this investment on strengthening LLMOps technology and accelerating global market expansion. In particular, it intends to establish technical and sales teams locally in Silicon Valley and put effort into activating developer communities and marketing.

Jae-man Ahn, CEO of Vessl AI, stated, "Within the next five years, corporate culture will normalize automated operations and decision-making through AI, and building the infrastructure to enable this will become the market's top priority. VESSL AI will establish itself as a platform that accelerates AI transformation across industries by providing customized infrastructure optimized for AI operations."

Jin-yi Jeong, senior team leader at Aventures, said, "We focused on the fact that Vessl AI has been validated by leading companies such as Hyundai Motor Company, Oracle, and Google Cloud since the first investment. We judged that the VESSL platform has sufficient global competitiveness and proceeded with the second investment."

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