[Pangyo Tech] Soynet won the prize called “Smart AI Innovation” at the Forth Industrial Revolution Power Korea

An artificial intelligence service execution optimization solution company, named Soynet won the Smart AI Innovation Award at the “2022 4th Industrial Revolution Excellent Company.”

4th Industrial Revolution Excellent Company is the name of the event that is co-hosted by the National Assembly’s 4th Industrial Revolution Forum and the Korea Journalists Association and sponsored by eight government ministries, including the Ministry of Trade, Industry, and Energy and the Ministry of Science and ICT. This event has been held every year since 2015 to reward companies for leading industry 4.0 in order to increase the competitiveness of the ICT convergence industry and disseminate exemplary cases.

At this 7th event, Soynet won the award in recognition of its excellence in software solutions and key technology that supports the lightening of AI models.

Soynet Solution helps AI companies run services or applications faster. In addition, it can achieve a breakneck speed and reduction in GPU memory usage when compared to AI frameworks such as “TensorFlow” and “Pytorch.”

The company was also selected as TIPS, a technology start-up support program organized by the Ministry of SMEs and Start-ups, and is speeding up the last stage of development of “SoyNet Nature,” an operation-oriented MLOps solution. “SoyNet Nature” is a comprehensive support solution for AI model management, distribution, and monitoring with existing SoyNet execution optimization solutions. The release is slated for November, and Soynet Nature is expected to increase the efficiency of operating AI services for corporate customers.

Since its establishment in 2018, Soynet has secured more than 30 domestic and foreign customer companies, including POSCO and Hyundai Steel, and has been working with Medical Standard last year after completing a distribution contract. Plus, the company demonstrated PoC with a public company based in Singapore by conducting local sales partners abroad.

Kim Yong-ho, CEO of Soynet, said, “As of 2022, the artificial intelligence market is at a turning point in moving from learning to execution, and I think services in the application field will sprout up in the near future. “Soynet wants to be a partner when AI service companies are blazing a tail,” he said.

In addition, Soynet is a company invested by Gyeonggi Center for Creative Economy & Innovation and was selected as a “start-up leap package support project” by the Ministry of SMEs and Startups and Start-up Promotion Agency in 2022 and receives specialized support such as commercialization and mentoring.

Source: Pangyo Techno Valley Official Newsroom

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