Semiconductor Startup Raises $55 Million From Korean VCs To Help Cloud Companies Handle The AI Boom

📆 11/2/2023 5:34 AM
📰 ForbesTech

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I'm an associate editor at Forbes, based in Hong Kong, covering Asia's most successful businesspeople and up-and-coming entrepreneurs. I edit the Korea's 50 Richest and 100 to Watch lists, and help research and write other Asia-related lists, including 30 Under 30 Asia and Hong Kong's 50 Richest.

he advent of generative AI has turbocharged demand for cloud computing services, and data centers need a boost of their own to meet the rising demand.Founded in February last year, MangoBoost develops specialized chips designed for data centers, called data processing units, or DPUs. The chips can boost the efficiency of existing server equipment, says Jangwoo Kim, cofounder and CEO of MangoBoost, in a video interview.

Some of South Korea’s top tech investors agree. Last month, MangoBoost scored $55 million in a Series A round, bringing its total funding to date to $65 million.

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