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Smilegate Investment company logo
Corporate Venture
smilegateinvestment.com

Investments

192

Portfolio Exits

7

Funds

3

About Smilegate Investment

Smilegate Investment is the corporate venture capital arm of Smilegate.

Headquarters Location

3F, Ahnlab Bldg. 220, Pangyoyeok-ro, Bundang-gu

Seongnam, 13493,

South Korea

+82 031-622-4770

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Latest Smilegate Investment News

Panmesia raises €12.5m seed round to pursue CXL

Sep 18, 2023

Panmesia of Korea, a fabless semiconductor company focused on CXL, has raised $12.5 million  in a seed funding round valuing the company at $81.4 million. Investors were: Daekyo Investment, SL Investment, Smilegate Investment, GNTech Venture Capital, Time Works Investment, Yuanta Investment, and Quantum Ventures Korea. Panmesia says it has a way of running recommendation models 5x faster by feeding data from external memory pools to GPUs via CXL caching rather than host CPU-controlled memory transfers. The company’s  TrainingCXL technology was developed by computing researchers at the Korea Advanced Institute of Science & Technology ( KAIST ). CXL is  gaining traction as an interface technology designed to connect diverse system devices, including memory expansion units, accelerators, processors, and switches. Its promise lies in the ease it offers in memory capacity augmentation and in streamlining data processing. One feature of CXL, memory pooling, presents avenues for cost savings in memory-related operations. Meta, Microsoft, and Google are demonstrating heightened interest in CXL-centric solutions and Intel, AMD, Samsung Electronics, and SK Hynix have laid out their strategic blueprints to introduce CXL-compliant devices. Panmnesia ckaims to have  presented the world’s first CXL 2.0-based full- system memory pooling framework at the USENIX ATC conference in Boston last year. The company unveiled a solution this May that accelerates data centre-oriented AI applications, using CXL 3.0 technology. At the Flash Memory Summit 2023 in Santa Clara, California, the  company disclosed a full system, from devices to operating systems, connected through a multi-level switch architecture supporting CXL 3.0. .”CXL 3.0 takes a fundamentally different viewpoint from CXL 2.0 in its approach to various processors and memory semiconductor devices to support high scalability,” says Myoungsoo Jung, CEO of Panmnesia, “regrettably, most companies are still only discussing certain features of CXL 1.1 or 2.0.”  Jung says that Panmnesia has already completed the development of hardware and software to support CXL 3.0, which will be of significant assistance to a diverse range of companies utilising CXL. Panmesia’s CXL product line covers everything, including CXL IP, hardware, system solutions to enable these, and software essential for accelerating AI and data processing at the server and data centre levels. The products are planned to be available to a broader customer base following the completion of state-of-the-art silicon tape-out later this month. Recommended Articles

Smilegate Investment Investments

192 Investments

Smilegate Investment has made 192 investments. Their latest investment was in Panmnesia as part of their Seed VC on September 9, 2023.

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Smilegate Investment Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/14/2023

Seed VC

Panmnesia

$12.5M

Yes

3

9/3/2023

Unattributed VC

Dot-Mill

$12M

Yes

1

7/28/2023

Seed VC - II

Eatbuy

Yes

1

7/14/2023

Series A

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$99M

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10

7/6/2023

Series B

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$99M

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10

Date

9/14/2023

9/3/2023

7/28/2023

7/14/2023

7/6/2023

Round

Seed VC

Unattributed VC

Seed VC - II

Series A

Series B

Company

Panmnesia

Dot-Mill

Eatbuy

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Amount

$12.5M

$12M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

3

1

1

10

10

Smilegate Investment Portfolio Exits

7 Portfolio Exits

Smilegate Investment has 7 portfolio exits. Their latest portfolio exit was Hince on September 26, 2023.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

9/26/2023

Corporate Majority

$99M

1

6/8/2022

Merger

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$99M

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10

4/8/2022

Acquired

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$99M

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10

3/25/2021

IPO

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$99M

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10

1/21/2021

IPO

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$99M

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10

Date

9/26/2023

6/8/2022

4/8/2022

3/25/2021

1/21/2021

Exit

Corporate Majority

Merger

Acquired

IPO

IPO

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

1

10

10

10

10

Smilegate Investment Fund History

3 Fund Histories

Smilegate Investment has 3 funds, including Smilegate Bio Industry Fund (스마일게이트 바이오산업 펀드).

Closing Date

Fund

Fund Type

Status

Amount

Sources

10/11/2018

Smilegate Bio Industry Fund (스마일게이트 바이오산업 펀드)

$9.25M

1

Green Growth Fund 1

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10

AniPang Fund

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10

Closing Date

10/11/2018

Fund

Smilegate Bio Industry Fund (스마일게이트 바이오산업 펀드)

Green Growth Fund 1

AniPang Fund

Fund Type

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Status

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Amount

$9.25M

Sources

1

10

10

Smilegate Investment Team

4 Team Members

Smilegate Investment has 4 team members, including current Chief Executive Officer, Kimoon Nam.

Name

Work History

Title

Status

Kimoon Nam

Chief Executive Officer

Current

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Name

Kimoon Nam

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Work History

Title

Chief Executive Officer

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Status

Current

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