SEUM advised Mobilint, Inc. in its KRW 9 billion Series A financing from L&S Venture Capital, Intervest, P&P Investment, Korea Development Bank and Industrial Bank of Korea as the financial investors.

Established in 2019, Mobilint is a startup developing intelligent semiconductor (edge-type neural processing unit) optimized for deep learning via image and text recognition. Mobilint’s technology is highly efficient in terms of cost and power, and it is highly valued for its applicability on the Internet of Things (IoT) and autonomous vehicles.

In 2020, Mobilint took the first place in Korea in MLPerf, the leading industry benchmark for AI performance, in 2020. One of the investors remarked on the high value of Mobilint’s technology by highlighting its outstanding technology, R&D, and exceptional business strategy in securing customers. 

SEUM provided legal advisory services to Mobilint to facilitate financing from the investors to support technical verification and production of Mobilint.