Baum has received 1.1 billion won in Series A funding from K Cube Venture. Based in Daejeon, Baum is a semiconductor solution company that creates power solutions through analysis and modeling.
The company developed ‘Power Baum’, a breakthrough technology that that save semiconductor power. Baum’s patented technology extracts core power signals and applies them to their own and analyzes them with its in-house tools. As IoT and mobile devices have developed, problems regarding power consumption and overheating are becoming common, making new technology to solve these issues very competitive.
Baum was founded in 2016 by Andy Ladd who has extensive experience working with semiconductor companies such as Carbon and Speedsim. His team also includes Chief Technology Officer Youngsoo Shin who has conducted low-power research at KAIST’s School of Electrical Engineering since 2004, as well Joonhwan Yi, the company’s Chief Architect and inventor or the main technology that is used by Baum.
“We will be using this funding to expand all areas of our business from product development to marketing, as well broaden our customer base,” says Yi. “We’ll do all we can for Baum to lead the low-power market as soon as possible both locally and globally.
K Cube Ventures Partner Jun Kim says that while semiconductor power consumption is increasing in the EDA (Electronic Design Automation) market currently there is no technology that can applied. “We look forward to partnering with global companies in need of this technology and creating great synergy,” says Kim.
