Naver-backed Korean AI startup MakinaRocks raises $10m for global push

Naver-backed Korean AI startup MakinaRocks raises $10m for global push

Co-founders and CEOs Andre S. Yoon and Jaehyuk Lee.

MakinaRocks, a South Korean industrial AI solutions provider, announced that it has raised ₩12 billion ($10 million) in a Series A funding round that will finance its global expansion plan.

The latest funding round for the Naver-backed startup was participated by a host of strategic investors, including LG Technology Ventures, Hyundai Motor Company, Applied Ventures, Shinhan Investment Corp., HB Investment, Daesung Private Equity, and Korea Development Bank.

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