The South Korea-based venture capital firm The Invention Lab has completed its seed investment in a Singapore-based artificial intelligence (AI) computing startup RIDM.
The Invention Lab said in a statement on Friday that this investment was made jointly with London-based global quant investment firm Qube Research & Technologies (QRT).
According to the statement, the joint investment is betting on a unique architecture to solve memory bottlenecks founded by a team of engineers from National University of Singapore (NUS), actively pursuing commercialization based on three international patents.
RIDM is a deep tech startup that has developed a unique computing architecture called ‘DODA (Dynamically Orchestrated Dataflow Architecture)’ to solve the ‘Memory Wall’ problem, which is considered a core technical challenge in AI and high-performance computing (HPC) environments.
RIDM has successfully simplified the ‘spatial compilation’ problem, which has been regarded as a difficult problem for decades, in linear time, and is evaluated to provide a competitive development environment compared to the existing CUDA ecosystem through development in a general-purpose programming language (C++).
Currently, RIDM is conducting a proof of concept (PoC) in collaboration with QRT. Both companies are focusing on FPGA development and acceleration utilizing RIDM’s DODA architecture, which is a core use case that requires extreme efficiency and low latency.
The founder and Chief Executive Officer Jin-ho Lee, pursued a Ph.D. on general-purpose dataflow architecture at the NUS, and this research has been registered as a patent held by NUS.
RIDM has secured a foundation for commercialization by receiving this patent under an exclusive license.
Technical advisor Trevor E. Carlson, an associate professor in the Department of Computer Science at NUS, is the main developer of the multi-core simulator SniperSim and was involved in designing the technical basis of RIDM.
“RIDM is a next-generation technology team that is directly breaking through the limitations of traditional computing structures,
“It is a bet on the technology itself, but also an expression of trust in the execution capabilities of the team that is realizing it and their balanced business judgment,” said Jin-young Kim, Chief Executive Officer of The Invention Lab.
RIDM currently maintains a lightweight structure centered on IP based on three international patents and plans to seek strategic collaborations with global companies based on the results of technology verification, said the statement.
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