South Korea's Rebellions Acquires AI Inference Optimization Company SqueezeBits

en.Wedoany.com Reported - Neural Processing Unit (NPU) developer Rebellions Inc. has acquired artificial intelligence inference optimization company SqueezeBits through a stock swap transaction, making it a wholly owned subsidiary. Rebellions announced on June 30 that it had completed the acquisition through a full share exchange, similar to its 2024 acquisition of SK Telecom's NPU subsidiary Sapeon Korea. However, SqueezeBits will temporarily continue to operate as an independent legal entity. Following the merger with Sapeon Korea in 2024, SK Telecom Co. received shares in Rebellions, holding an 18.1% stake as of the end of the first quarter.

The acquisition of SqueezeBits aims to enhance Rebellions' hardware and software capabilities to build an environment optimized for faster and more efficient AI services. SqueezeBits is a South Korean startup specializing in AI model compression and cost reduction technologies that improve AI model performance on hardware systems. The company has been collaborating with Rebellions since 2024 on NPU-based model optimization and dedicated software development. Its revenue last year was approximately 2.646 billion Korean won, with an operating profit of about 897 million Korean won and total assets of approximately 5.3 billion Korean won. Rebellions co-founder and CEO Park Sung-hyun stated that the company aims to develop into a comprehensive AI infrastructure company covering large-scale AI infrastructure. Under the transaction structure, existing investors of SqueezeBits will exchange their shares for Rebellions shares. SqueezeBits' investors include Kakao Ventures, which also invests in Rebellions.