# Crowdworks AI

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/crowdworks-ai

- Industry: Internet
- Headquarters: Seoul, South Korea
- Website: www.crowdworks.kr
- Total disclosed funding: $10M
- Latest round: Series B (Sep 10, 2019)
- Investors on record: 8

## About

CrowdWorks AI is a South Korean company specializing in AI solutions that enhance operational efficiency across various industries, providing innovative tools for manufacturing and beyond.Founded in 2017 and headquartered in Seoul, South Korea, CrowdWorks AI focuses on developing AI technologies for diverse business applications. The company has successfully raised a total of KRW 20 billion in its latest PRE-IPO funding round on November 9, 2021, led by Muirwoods Ventures with several other investors. Minu Park serves as the CEO and founder of the company.CrowdWorks, Inc. specializes in advanced artificial intelligence solutions that utilize enterprise data to increase operational efficiency. Key offerings include SLM WorksOne, a large language model service addressing real-world challenges in manufacturing, such as production optimization and quality control. Additionally, the company provides generative AI services, including a global AI camera app. Their clientele spans various sectors, with tailored solutions for North America, Europe, and Asia-Pacific.In the most recent year, CrowdWorks, Inc. reported revenues of KRW 8,647,122.30 and an EBITDA of KRW -8,440,250.80, reflecting their operational dynamics in the AI service market.CrowdWorks, Inc. plans to utilize the KRW 20 billion raised in the latest PRE-IPO funding round to enhance its data labeling platform and develop smart labeling technology driven by artificial intelligence. The company aims to expand its services into new global markets, further establishing its presence across North America, Europe, and Asia-Pacific by 2025.

## Funding rounds

- Series B, Sep 10, 2019, $8.5M — Hana Bank, Industrial Bank of Korea, Korea Investment Partners, Coolidge Corner Investment, HB Investment, DSC Investment, BA Partners, SW Investment
- Series A, Aug 10, 2018, $1.5M — DSC Investment, BA Partners

## Investors

- DSC Investment (https://capitalatlas.ai/funds/dsc-investment) — Series A, Series B
- BA Partners (https://capitalatlas.ai/funds/ba-partners) — Series A, Series B
- Hana Bank — Series B
- Industrial Bank of Korea — Series B
- Korea Investment Partners (https://capitalatlas.ai/funds/korea-investment-partners) — Series B
- Coolidge Corner Investment (https://capitalatlas.ai/funds/coolidge-corner-investment) — Series B
- HB Investment (https://capitalatlas.ai/funds/hb-investment) — Series B
- SW Investment (https://capitalatlas.ai/funds/sw-investment) — Series B