Jay Chong

Managing Partner, Millennium New Horizons

📍 South Korea, South Korea🔄 Updated September 2026💼 22 investments📅 16 years investing🗓 Last invested Dec 2024
VC🌍 South Korea20+ investments
22
Total investments
6
Early stage
7
Mid stage
3
Late stage
16y
Years active

Portfolio

19 investments · sorted by recency
All investments
Early stage
Mid stage
Late stage
Investor
Dec 2024
JLT is a leading industrial automation company based in South Korea, specializing in robotic vision systems, factory automation, and AI-integrated disassembly solutions for EV batteries. Our flagship product includes a laser vision sensor (LVS) for welding robots, capable of both precise seam tracking and real-time quality inspection, at a cost-effective price point. We are also pioneering automated disassembly platforms for end-of-life EV batteries, contributing to a circular economy and eco-friendly resource recovery. With advanced control software, electrical system integration, and AI-powered process optimization, JLT empowers manufacturers to build smarter, safer, and more sustainable production lines. As we expand globally, JLT is committed to innovation, strategic partnerships, and setting new standards in smart manufacturing.
Investor
Jun 2024
Understand the Universe. We are a team of AI technologists and business leaders on a mission to build AI systems that can help humanity understand the world better. https://x.ai/careers
Board Observer
May 2024
LionRocket Inc. aims to lead a paradigm shift in the video content market based on artificial intelligence generation technology. We are trying to pioneer a market for Synthetic Media, where characters can be changed depending on the viewer and voices and languages can be different depending on the listener. In 2019, LionRocket attracted Series A and cumulative 7.7 billion won in investment in three years since its foundation, and was recognized for its excellent technology through collaboration with leading conglomerates such as Woori Bank, Samsung Fire & Marine Insurance, MBC, and KBS. In recognition of its creativity and innovation as a start-up company, three co-founders have been selected as 2021 Forbes 30 Under 30 in Asia, accumulating solid references at home and abroad. Based on this, we are running toward the No. 1 global synthetic media company with clear goals, directions, and excellent team members. <Representative Service: OnAir Studio> AI Text to Speech (TTS) : synthesizes natural voices when you enter text AI Speech to Video(STV) : creates images of speakers including mouth shapes based on synthesized voices By combining the two technologies, we operate AI Human and OnAir Studio, a video production service using it. Create your own content anytime, anywhere with the AI voice and virtual model you want quickly and easily at On Air Studio! <Related Sites> 1) Site Links - Home page: https://www.lionrocket.ai/ - YouTube: https://www.youtube.com/channel/UCrEUnZksmSiw8_vUNeRvwlA - On Air Studio: https://onairstudio.ai/ - To watch news articles: https://lionrocket0813.notion.site/Rocket-News-a16cb4bbd2247bd998b9c896439accd 2) Job Posting - Notion: https://lionrocket0813.notion.site/a973bec9bc714c00b14522ea7fc683da - Wanted: https://www.wanted.co.kr/company/17250 - Rocket Punch: https://www.rocketpunch.com/companies/raieonrokes/jobs
Board Member
Apr 2024
OpusClip is the #1 AI video clipping and editing tool that turns a long video into social-ready shorts with one click. Trusted by over 12 million creators and businesses, we envision a world where everyone can authentically share their story through video, with no expertise needed.
Investor
Jan 2023
CoreWeave is the Essential Cloud for AI
Investor
Jan 2023
Gori has positioned ourselves as industry leader by acquiring ever first USPS qualified GDE program with its home grounded Gori.AI solution. As USPS certified e-VS technology partner and PPC integration, Gori has been dominating both international and domestic market.
Investor
Nov 2022
Rapid’s mission is to provide manufacturers a robotic solution that can be deployed against simple tasks in hours rather than weeks, and at a fraction of the cost of other automation solutions that require extensive manual programming. Our product is a fully integrated robotic arm work cell that is trained to perform tasks out of the box, and learns new tasks via our cloud infrastructure, AI, and Computer Vision. Rapid’s software provides our customers with an intuitive interface that gives them the tools to deploy and redeploy Rapid’s automated work cells on their manufacturing lines without having to be a robotics expert. To enable accessible and simple user-facing controls requires an extensive and specialized technology stack. Rapid’s platform is powered by AI and Computer Vision that drastically reduces the complexity, cost, and time typically required to set up a robotic arm. In short, we are automating the process for deploying manufacturing automation. Rapid’s solution is already deployed with customers, and is proven to deliver increased profits and decreased costs, making our solution indispensable for the future of manufacturing.
Investor
Mar 2022
Founded in 2017 and headquartered in Irvine, Calif., Syntiant® is a leader in physical AI, delivering highly efficient processor, sensor and software solutions for speech, audio, sensor and vision processing. With more than 100 million purpose-built Neural Decision Processors and machine learning models deployed, along with billions of MEMS microphones and sensors, Syntiant’s full-stack physical AI platform delivers ultra-low-power, always-on intelligence that can sense, decide and act autonomously in real time. From earbuds to satellites, the company enables advanced edge AI capabilities across a broad range of consumer and industrial applications, connecting the physical and digital worlds X: https://x.com/syntiantcorp YouTube: www.youtube.com/@syntiant
Board Observer
Aug 2019
Volta is now JOLT. We’ve combined the best of both worlds to create the world’s most powerful data-led DOOH and EV charging network. The U.S. footprint spans 4,500+ premium digital out-of-home screens integrated with electric vehicle charging stations, strategically located where people live, move, and spend time. We help forward-thinking brands connect with high-value urban audiences through impactful creative, precise targeting, and measurable outcomes — with programmatic and direct buying options available.
Board Observer
Apr 2017
All Oculii related news can now be found at @Ambarella Inc . Follow us there so you don’t miss any updates: https://www.linkedin.com/company/ambarella Ambarella, Inc., an edge AI semiconductor and software company, acquired Oculii and its AI radar solutions. The Oculii™ adaptive AI software algorithms enable radar perception using current production radar chips to achieve significantly higher (up to 100X) resolution, longer range and greater accuracy. These improvements eliminate the need for specialized high-resolution radar chips, which have significantly higher power consumption and cost than conventional radar solutions. Ambarella’s Oculii AI radar software can be deployed on Ambarella’s CVflow® AI SoCs, operating in conjunction with leading radar RF solutions to increase safety and reliability. Ambarella also offers integrated Oculii AI radar modules that provide drop-in-ready, full-stack radar sensing solutions.
Board Observer
Apr 2015
Yellowbrick Data Warehouse is a modern, elastic data warehouse with separate storage and compute that runs in the cloud. Yellowbrick enables large-scale enterprises to eliminate complexity, reduce risk, and predict and control costs by running all their data anywhere, across multi-cloud and on-premises instances. Yellowbrick allows enterprises to run complex queries on live data at petabyte scale in their own cloud account, while supporting high concurrency with fast, interactive query response to customers most challenging business questions.
Board Member
Feb 2015
Datera.io is the only 100% software-based data services platform that delivers enterprise class performance @ global scale with game-changing data orchestration and automation in partnership with the leaders in server-based infrastructure, including HPE, Cisco, and Dell, all at a 70% lower total cost of ownership and operation. Datera is recognized by Network World as a Hot Storage Company to Watch, CRN as a Top Software-Defined Data Center Provider and the Telecom Council as a Service Provider Innovation Award winner. Having built the Linux I/O Kernel and contributed heavily to the container common storage interface (CSI), our team of application and data experts is modernizing the approach to data every day with our customer collaborators. Join us on this journey at +1-844-4DATERA, info@datera.io, and https://datera.io.
Board Observer
Oct 2014
CNEX is a privately held company founded in 2013 and funded by venture capital and strategic investments from Fortune 500 companies in storage and networking. CNEX delivers innovative storage semiconductor and software solutions, partnering with solid-state storage manufacturers, data center and systems customers to develop revolutionary NVMe and Open-Channel SSD controller ASICs that deliver high-performance with low and predictable latency, scalability and flexibility for software-defined-storage. CNEX controller products are key to accelerating the capabilities of big data computing and analytics for the next generation of cloud, hyperscale and enterprise data centers.
Board Observer
May 2014
Quanergy’s mission is to enhance people’s experiences and safety by enabling a new generation of automation processes in the physical security, industrial automation, and smart spaces markets. Quanergy’s industry-leading price/performance smart LiDAR solutions are deployed by nearly 400 customers and over 50 partners across the globe. For more information, please contact info@quanergy.com
Investor
Aug 2013
Pure Storage (NYSE: PSTG) uncomplicates data storage, forever. Pure delivers a cloud experience that empowers every organization to get the most from their data while reducing the complexity and expense of managing the infrastructure behind it. Pure’s commitment to providing true storage as-a-service gives customers the agility to meet changing data needs at speed and scale, whether they are deploying traditional workloads, modern applications, containers, or more. Pure believes it can make a significant impact in reducing data center emissions worldwide through its environmental sustainability efforts, including designing products and solutions that enable customers to reduce their carbon and energy footprint. And with a certified customer satisfaction score in the top one percent of B2B companies, Pures ever-expanding list of customers are among the happiest in the world. For more information, visit www.purestorage.com.
Show all 19 investments ↓
Experience · 25 entries
All (25)
Investments (22)
Board (15)
2024
Investor
Dec 2024
JLT is a leading industrial automation company based in South Korea, specializing in robotic vision systems, factory automation, and AI-integrated disassembly solutions for EV batteries. Our flagship product includes a laser vision sensor (LVS) for welding robots, capable of both precise seam tracking and real-time quality inspection, at a cost-effective price point. We are also pioneering automated disassembly platforms for end-of-life EV batteries, contributing to a circular economy and eco-friendly resource recovery. With advanced control software, electrical system integration, and AI-powered process optimization, JLT empowers manufacturers to build smarter, safer, and more sustainable production lines. As we expand globally, JLT is committed to innovation, strategic partnerships, and setting new standards in smart manufacturing.
Investor
Jun 2024
Understand the Universe. We are a team of AI technologists and business leaders on a mission to build AI systems that can help humanity understand the world better. https://x.ai/careers
Board Observer
May 2024
LionRocket Inc. aims to lead a paradigm shift in the video content market based on artificial intelligence generation technology. We are trying to pioneer a market for Synthetic Media, where characters can be changed depending on the viewer and voices and languages can be different depending on the listener. In 2019, LionRocket attracted Series A and cumulative 7.7 billion won in investment in three years since its foundation, and was recognized for its excellent technology through collaboration with leading conglomerates such as Woori Bank, Samsung Fire & Marine Insurance, MBC, and KBS. In recognition of its creativity and innovation as a start-up company, three co-founders have been selected as 2021 Forbes 30 Under 30 in Asia, accumulating solid references at home and abroad. Based on this, we are running toward the No. 1 global synthetic media company with clear goals, directions, and excellent team members. <Representative Service: OnAir Studio> AI Text to Speech (TTS) : synthesizes natural voices when you enter text AI Speech to Video(STV) : creates images of speakers including mouth shapes based on synthesized voices By combining the two technologies, we operate AI Human and OnAir Studio, a video production service using it. Create your own content anytime, anywhere with the AI voice and virtual model you want quickly and easily at On Air Studio! <Related Sites> 1) Site Links - Home page: https://www.lionrocket.ai/ - YouTube: https://www.youtube.com/channel/UCrEUnZksmSiw8_vUNeRvwlA - On Air Studio: https://onairstudio.ai/ - To watch news articles: https://lionrocket0813.notion.site/Rocket-News-a16cb4bbd2247bd998b9c896439accd 2) Job Posting - Notion: https://lionrocket0813.notion.site/a973bec9bc714c00b14522ea7fc683da - Wanted: https://www.wanted.co.kr/company/17250 - Rocket Punch: https://www.rocketpunch.com/companies/raieonrokes/jobs
Board Member
Apr 2024
OpusClip is the #1 AI video clipping and editing tool that turns a long video into social-ready shorts with one click. Trusted by over 12 million creators and businesses, we envision a world where everyone can authentically share their story through video, with no expertise needed.
2023
Investor
Jan 2023
CoreWeave is the Essential Cloud for AI
Show all 25 entries ↓
Investment activity
2010–2024 · 22 investments
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