The Venture Codex

Participated · Series A · Aug 2025

Qunova Computing builds quantum-focused software and algorithms aimed at delivering practical advantage on Noisy Intermediate-Scale Quantum (NISQ) hardware for chemical, pharmaceutical and industrial engineering users. Its algorithms have been tested with leading quantum hardware companies and research institutes, and the company reports results indicating it can deliver a quantum advantage even on NISQ devices. Qunova says its technology will reduce the large number of trials required to develop new materials with specific properties, cutting time and expense in industrial R&D. The company intends to use the Series A proceeds to expand operations and accelerate development efforts. Qunova raised $10M in a Series A round. The company was founded in 2021 and is led by CEO Kevin June-Koo Rhee.

Participated · Series A · Mar 2024

WIRobotics develops humanoid robots such as ALLEX and the research platform Mobile ALLEX while building on its wearable walking-assist robot, WIM. The company has accumulated roughly three years of real user movement data from WIM to advance personalized control technologies and has launched a subscription software offering, WIM Premium. WIM has surpassed 3,000 cumulative unit sales and the company has expanded into markets including Europe, China, Turkey, and Japan. Revenue grew from ₩560 million in 2023 to ₩2.79 billion in 2025, and the company reported that first-quarter 2026 revenue already exceeded its 2024 annual revenue. WIRobotics was selected for NVIDIA’s Physical AI Fellowship and is cooperating with AWS and NVIDIA on next-generation physical AI, while pursuing PoCs with global automotive manufacturers. The company plans initial commercialization of Mobile ALLEX this year and aims to establish a mass-production system by the end of next year to scale humanoid deployment and intelligent services.

Participated · Series A · Jun 2022

Founded in 2020, Rebellions designs AI chips focused on inference workloads and outsources manufacturing. The company has released AI infrastructure products named RebelRack and RebelPOD, described as production-ready and scalable inference units. Rebellions has raised $850 million to date and is valued at approximately $2.34 billion after the latest $400 million pre-IPO round. It closed a $124 million Series B in 2024 and a $250 million Series C in November prior to this round. The startup is pursuing aggressive international expansion, having established entities in the U.S., Japan, Saudi Arabia, and Taiwan and aiming to build partner ecosystems with cloud providers, government agencies, telecom operators, and Neoclouds. Management has indicated the company is preparing for an IPO later this year while scaling commercial deployments of its inference infrastructure.

Led · Series B · May 2022

Point2 Technology develops RF signaling-based interconnect platforms—branded Active RF Cable and e-Tube—that use RF over plastic waveguides to connect accelerators and scale rack-level compute. Its technology aims to extend reach compared with copper, lower power and cost versus optical approaches, and deliver ultra-low latency without laser-based systems. The platform supports multiple form factors including pluggable cables, near-package modules, and co-packaged solutions for accelerator-to-accelerator communication. Point2 is moving from development toward commercialization and deployment and is expanding engineering and systems teams to support that transition. The company has garnered industry recognition such as a BloombergNEF Pioneers award and recently raised $76 million in a Series B extension to fund commercialization and continued product development.

Participated · Equity · Dec 2020

Smart Radar System Inc. develops and commercializes 4D image radar technology for applications including autonomous vehicles, defense drones, in-cabin occupant detection, weapon detection, and smart healthcare. The company combines RF antenna design, hardware mechanics, radar signal processing, software/algorithms, and machine-learning/big-data integration to build its product lineup. Founded in 2017 and based in Seong‑Nam City, South Korea, it has attracted global customers and investor interest. Smart Radar System won the Prime Minister's Award at the Radio Broadcasting Technology Awards in 2019 and was selected as a Global ICT Unicorn following its 2020 launch of 4D image radar technology. The company emphasizes a long-term roadmap to invest in product development and expand worldwide. Recently it attracted 11.2 billion KRW (~$10+ million USD) in domestic and international investments, which the company cites as validation of its commercialization potential.