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SqueezeBits develops tools to compress AI models and reduce their computing requirements.
Founded in 2022 and based in Seoul, South Korea, SqueezeBits develops quantization technology to reduce AI models to 4 bits or less. Its OwLite toolkit applies compression techniques to machine learning models to improve speed and cost efficiency. In January 2024, the company raised KRW 2.5 billion in pre-Series A funding from Kakao Ventures, Samsung NEXT Ventures, POSCO Capital and POSTECH Holdings to support overseas expansion and hardware compatibility.
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