KAIST tech startup becomes first in Korea to get investment from Nvidia
KAIST tech startup Point2 Technology secured $76 million in investment from major tech firms, including Nvidia. This investment will help accelerate the global advancement of startups from KAIST.
A KAIST tech startup, Point2 Technology, has received $76 million in investment from major tech firms, including Nvidia. The investment was part of a Series B funding round. Point2 Technology, founded by Prof. Bae Hyeon-min in 2014, specializes in e-Tube technology, a data transmission technology based on plastic waveguides. This technology is more cost-effective and energy-efficient than conventional copper cables and optical fibers. With this investment, KAIST's entrepreneurship support center, Startup KAIST, will set up a system to accelerate the global advancement of its startups. Startup KAIST has raised a total of $2.36 billion in investments over the past five years.
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