MakinaRocks Named to the 2023 CB Insights AI 100 List of Most Innovative Artificial Intelligence Startups
MakinaRocks, a leading pioneer in industrial AI, recognized for its achievements in Manufacturing
"This year's AI 100 cohort are developing game changing innovations that meaningfully impact the world around them," said Brian Lee, SVP of CB Insights' Intelligence Unit. "From healthcare to climate tech, we've seen incredibly novel applications of AI, particularly in the generative AI space. Our winners are shaping the future of AI and its possibilities, and as the future unfolds, I cannot wait to see what they accomplish next."
"We are thrilled to receive recognition for MakinaRocks' pioneering position in the field of industrial AI in South Korea, one of the world's top three manufacturing powerhouses," said Andre S. Yoon, CEO of MakinaRocks. "Being acknowledged as one of the top AI companies in the world by CB Insights is a testament to the unwavering efforts of our talented team members, and we look forward to continuing our growth and impact."
Utilizing the CB Insights platform, the research team picked these 100 private market vendors from a pool of nearly 9,000 companies, including applicants and nominees. They were chosen based on CB Insights datasets — including R&D activity, proprietary Mosaic scores, business relationships, Yardstiq transcripts, investor profiles, news sentiment analysis, competitive landscape, and team strength — and criteria such as tech novelty and market potential. The research team also reviewed thousands of Analyst Briefings submitted by applicants.
MakinaRocks, a leading startup founded in 2017, is revolutionizing the technology industry with its advanced AI solutions. With operational bases in Seoul, South Korea, and Silicon Valley, the company is at the forefront of delivering groundbreaking advancements to key sectors, including semiconductor, automotive, manufacturing, and energy. MakinaRocks provides an MLOps platform (MakinaRocks Runway) that streamlines the entire machine learning workflow, and combines it with cutting-edge industrial AI technologies to deliver end-to-end AI solutions for industrial applications.
Quick facts on the 2023 AI 100:
- Equity funding and deals: Since 2019, the 2023 AI 100 cohort has raised nearly $22B — driven by OpenAI's $13B worth of investments from Microsoft — across 223 deals.
- Unicorns: There are 15 companies with $1B+ valuations on the list.
- Most Represented Categories: The cohort is broken down across 14 industries, 19 cross-industry applications, and 11 categories of AI development tools.
- Geographic distributions: This year's winners represent 13 different countries across the globe. Sixty-seven of the selected companies are headquartered in the US. The UK comes in second with 10 winners, and Canada follows closely with 7. Other countries home to a winner/winners on this year's list include the Netherlands, Sweden, China, and Germany.
With a dedicated team of over 100 employees, MakinaRocks stands as a leading pioneer in the technology industry. The company achieved a remarkable milestone by securing a significant $25 million investment from renowned global investors including Hyundai Motor Company (KRX: 005380), SK Telecom (KRX: 017670), GS (KRX: 078930), and Hanwha (KRX: 000880). These substantial funds will fuel the company's ongoing growth and drive innovation. Recognized globally, MakinaRocks' pioneering work has garnered prestigious accolades, including selection as a "World Economic Forum's Technology Pioneer" in 2021 and inclusion in CB Insights' esteemed "Advanced Manufacturing 50" list in 2022. For more information, visit www.makinarocks.ai/en.