# MakinaRocks Co.

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

- Industry: Software
- Headquarters: Seoul, South Korea
- Website: www.makinarocks.ai/
- Total disclosed funding: $25M
- Latest round: Series B (Dec 31, 2022)
- Investors on record: 11

## About

Based in South Korea, MakinaRocks Co., Ltd. is an enterprise AI solution provider focused on enhancing productivity through advanced AI-driven products and services tailored for sectors like manufacturing and automotive.Founded in 2017 in Seoul, South Korea, MakinaRocks Co., Ltd. specializes in enterprise AI solutions. The company was co-founded by Andre Yoon and Jaehyuk Lee, who also serve as the CEOs. MakinaRocks has completed 6 deals, with its most recent funding round on December 23, 2024, raising KRW 19 billion from Ulmus Investment and HB Investment, totaling KRW 19 billion raised to date and valuing the company at KRW 120 billion.MakinaRocks specializes in enterprise AI solutions, focusing on enhancing productivity through an array of advanced products and services. Central to its offerings is the AI Platform Runway, which provides a comprehensive framework for managing AI workflows across various industries. This platform facilitates the connection of multimodal data, automation of processes, and governance of AI systems to ensure safe and transparent operations. The company also features an AI Agent Factory, which includes a library of deployable AI agents tailored for specific industrial applications. Key sectors served by MakinaRocks include manufacturing and automotive, with products designed to address challenges such as predictive maintenance, AI-driven robotics, and real-time data simulation. Their solutions are aimed at customers in diverse geographical markets, including South Korea, Japan, and various global manufacturing hubs.MakinaRocks generates revenue primarily through a subscription-based model for its AI Platform Runway and associated services, which may include training and support packages. Clients engage with the company through direct partnerships, typically involving enterprises in the manufacturing sector looking to innovate their operational processes with specialized AI technologies. Revenue is driven by the deployment of flagship services such as predictive maintenance tools, industrial LLMs, and AI robotics solutions. The pricing structure is designed to cater to the unique needs of businesses, allowing for scalable implementation depending on the complexity and scale of the solution required. In 2023, the company generated an operating profit of KRW 5.2 billion.MakinaRocks plans to leverage its recent funding of KRW 19 billion raised in December 2024 to expand its product offerings and enter new markets. Upcoming products include enhancements to the AI Platform Runway, scheduled for release in late 2025, aimed at improving AI workflow management. The company also targets expansion into North America and Europe by 2026, focusing on partnerships with local manufacturing firms to adopt their AI solutions. This strategy is designed to capitalize on the increasing demand for AI-driven efficiency in these regions.

## Funding rounds

- Series B, Dec 31, 2022, $14M — Korea Development Bank, Applied Ventures, GS Holdings, Hanwha Precision Machinery Co., Ltd.
- Series A, Jul 10, 2020, $10M — Korea Development Bank, Applied Ventures, Shinhan Securities, HB Investment, Daesung Private Equity, Hyundai Motor Company, LG Technology Ventures
- Seed, May 29, 2018, $1.7M — SK Telecom, Hyundai Motor Company, Naver D2 Startup Factory

## Investors

- SK Telecom — Seed
- Hyundai Motor Company — Seed, Series A
- Naver D2 Startup Factory (https://capitalatlas.ai/funds/naver-d2-startup-factory) — Seed
- Korea Development Bank (https://capitalatlas.ai/funds/korea-development-bank) — Series A, Series B
- Applied Ventures (https://capitalatlas.ai/funds/applied-ventures) — Series A, Series B
- Shinhan Securities (https://capitalatlas.ai/funds/shinhan-securities) — Series A
- HB Investment (https://capitalatlas.ai/funds/hb-investment) — Series A
- Daesung Private Equity (https://capitalatlas.ai/funds/daesung-private-equity) — Series A
- LG Technology Ventures (https://capitalatlas.ai/funds/lg-technology-ventures) — Series A
- GS Holdings — Series B
- Hanwha Precision Machinery Co., Ltd. — Series B