MakinaRocks’ AI Operations Platform ‘Runway’ Integrates SNUAILAB’s High-Performance Deep Learning Machine Vision Model
Unveiling the ‘Intelligent AI Eye’: MakinaRocks and SNUAILAB Transform Inspection, Evaluation, and Recognition in Battery and Manufacturing Industries
Seoul, South Korea, October 11, 2023 – Enterprise AI startups, MakinaRocks and SNUAILAB have signed a memorandum of understanding (MOU) to jointly develop a specialized AI package for battery and manufacturing machine vision. The signing took place in Seoul, South Korea, on October 11, 2023, with the CEOs of MakinaRocks, Andre S. Yoon and Jaehyuk Lee, and SNUAILAB CEO, MyungHo Yoo, present.
The MOU outlines technical and business collaboration between the two companies with a primary focus on advancing AI technology in the battery and manufacturing industries. Key highlights of the partnership include:
The core objective of this collaboration is to enhance the role of AI in manufacturing, with a clear focus on improving efficiency and quality across industries.
MakinaRocks has earned a prominent position in the AI landscape, being the only AI startup listed in the manufacturing category of the 2023 CB Insights AI 100, alongside major tech companies such as OpenAI and Hugging Face. The company has a track record, having completed over 40 AI projects across various industries, including battery, automobile, energy, and manufacturing, in both domestic and international markets.
SNUAILAB, compromising six faculty members from Seoul National University and core researchers from Samsung, is recognized for its expertise in computer vision and big data processing. In 2023, it was selected as a “Baby Unicorn 200” by the Ministry of SMEs and Startups, contributing to automation and sophistication across industries by applying its self-developed image restoration and defect detection models to various sectors.
“The industrial sector has a significant demand for machine vision, encompassing vision inspection, defect detection, part positioning, and product recognition,” said Andre S. Yoon, MakinaRocks’ CEO. “The machine vision-specific AI package jointly developed by MakinaRocks and SNUAILAB will serve as the ‘intelligent AI eye’ that can swiftly benefit the industrial field.”
About MakinaRocks
MakinaRocks is a pioneering leader in enterprise AI software for the global manufacturing industry, driven by our mission to accelerate industries’ transition to AI. We offer an advanced enterprise MLOps platform that seamlessly streamlines the entire machine learning workflow while integrating cutting-edge AI technologies. Our dedication lies in providing end-to-end AI solutions tailored to diverse manufacturing sectors, empowering businesses to optimize operations, gain data-driven insights, and unlock significant business value. From predictive maintenance to process optimization, MakinaRocks brings unparalleled expertise to help businesses thrive in today’s competitive landscape.
With offices in Seoul and Silicon Valley, MakinaRocks has raised over $25 million in funding from renowned global investors, including Applied Ventures, GS Holdings, Hanwha, Hyundai Motor Group, LG Technology Ventures, and SK Telecom. MakinaRocks has been recognized as a top innovator, featuring in the CB Insights 2023 AI 100 list, 2022 Advanced Manufacturing 50, and named a Global Innovator in the World Economic Forum for 2023. For more information, visit www.makinarocks.ai/en.
About SNUAILAB
SNUAILAB is a joint venture company specializing in Vision AI created by six professors from Seoul National University, a world-renowned authority in computer vision technology and big data processing, and key researchers from Samsung Advanced Institute of Technology/Samsung Techwin (currently Hanwha Techwin) and is an official subsidiary of Seoul National University established with equity participation of the Seoul Techno Holdings, Inc. and the professors.
