HomeFinTechMakinaRocks: Raises $10M in Series A Funding

MakinaRocks: Raises $10M in Series A Funding

  • MakinaRocks, a Seoul, South Korea-based industrial AI solutions startup focused on manufacturing, raised $10m in Series A funding
  • The company intends to use the funds to expand its portfolio and develop a Software as a Service (SaaS) platform built on the existing on-premise solutions
  • MakinaRocks specializes in industrial AI with a primary focus on providing intelligent control for anomaly detection in manufacturing equipment and improved product quality
  • Then the company has already collaborated with major corporations in various industries to apply its solution to a wide range of production lines
  • Its solutions enhance the product and production processes of various industries such as semiconductors, automobiles, batteries, and energy
  • In its 2018 seed-round funding, MakinaRocks received funding from SK Telecom, Hyundai Motors, and Naver, as investors
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