The Korea Development Bank (KDB) provides long-term financing for projects designed to assist Koreaâ€:tm:s economic growth and development. It offers equipment capital loans and working capital loans to Korean private enterprises that undertake major industrial projects. The bank also extends guarantees to its clients to facilitate their other borrowings and to finance major industrial projects. KDB guarantees Won-denominated corporate debentures, local currency loans, and other Won liabilities and foreign currency loans from domestic and overseas Korean financial institutions and from foreign institutions. The bankâ€:tm:s other activities include engagement in a range of industrial development activities, including conducting economic and industrial research; performing engineering surveys; providing business analyses and managerial assistance; and offering trust services. As of June 30, 2007, KDB had 40 local branches, 6 overseas branches, and 2 overseas offices. The bank was founded in 1954 and is headquartered in Seoul, South Korea.

Korea Development Bank

Wonik Investment Partners, formerly known as Hanmi Technology Investment Co., Ltd., is a private equity and venture capital firm specializing in investments in incubation, start-up, early and mid-stage companies, growth capital and corporate restructuring. The firm prefers to invest in gaming contents, electronic components, computer, telecommunications equipment, petroleum, energy, machinery and equipment industries. It seeks to exit through an IPO or merger and acquisition. Wonik Investment Partners was established in 1997 and is based in Seoul, South Korea.

WONIK Investment Partners

DSC Investments invests in early stage and growth companies in the field of corporate identify and focus, IT, software, biotechnology, machinery, and future high-growth areas such as environment and resources.

DSC Investment

DAOL Investment & Securities is a Korea-based company mainly engaged in the provision of financial services for individual clients, institutional clients, and corporate clients. Along with its subsidiaries, the Company engages in the provision of brokerage services, including retail brokerage services and wholesale brokerage services; investment banking (IB) business provides financial solutions, including mergers and acquisitions (M&A), initial public offerings (IPOs), and others; private equity (PE) investment business, publishing, and management of PE fund products, as well as research and proprietary trading businesses.

DAOL Investment & Securities

Kolon Investment, Inc. is a venture capital and private equity firm specializing in buyouts, mezzanine, corporate restructuring, growth capital, and turnaround investment. It prefers to invest in electronic components, petroleum, energy, computer, and telecommunications equipment. The firm primarily invests in South Korea with a focus in Seoul, Gyeonggi, Incheon, and Gyeongbuk. Kolon Investment, Inc. was established in 2000 and is based in Seoul, South Korea.  Source: Businessweek

Kolon Investment

The Wells Investment provides capital, management expertise, and network support to companies that demonstrate promising potential. It was founded in 2016.

The Wells Investment

Atomic Asset Management is an invsestment company.

Atomic Asset Management

Lee Soo-up Investment is an investment firm.

Lee Soo-up Investment

Korea Investment Partners (KIP) is a leading venture capital & private equity firm that has over 30 years of experience in providing venture capital to bold and innovative entrepreneurs who want to change the world. Korea Investment Partners invests in leading pioneers like Kakao(KOSDAQ:035720), Naver(KRX:035420), YG Entertainment(KOSDAQ:122870), Bodyfriend, Osstem Implant(KOSDAQ:048260),  Doubleu Games(KOSDAQ:192080) and Didi Chuxing. KIP manages over 20 venture and private equity funds with US$1.8 billion in total assets under management. The company operates globally from its Seoul headquarters office with other locations in Shanghai, Beijing, and Sunnyvale.

Korea Investment Partners

kt investment is a new technology business finance company established in 2015. It is an investment company that represents KT Group . kt investment seeks to contribute to social contribution and maximize investment return through win-win cooperation with promising SMEs and venture companies . kt investment seeks to achieve long-term returns by looking at the market from a global perspective and looking for value investment opportunities in the long term.

KT Investment

Lighthouse Investment Group is an an independent financial investment firm.

Lighthouse Investment Group

Intops Investment is a financial investment company.

Intops Investment

Neuromeka

Neuromeka is a robot technology company that focuses on creating a robot platform business tailored for manufacturing companies. Their collaborative robots are designed for safe interaction with humans, offering versatile applications across industries through programmability. With a commitment to accessibility and safety, Neuromeka establishes a robot-as-a Service (RaaS) platform ecosystem. This initiative simplifies the introduction and operation of robot automation, making it user-friendly and secure for businesses without the need for specialised expertise.

Neuromeka, a South Korean company specializing in collaborative robots (cobots), offers a range of robots designed for safe interaction with humans, adaptable for various industries such as F&amp;B services and media and art and tasks through programming. Its flagship “Indy” series features a collision detection algorithm and supports easy programming through a tablet-based app. The “Nuri C” series handles high-payload tasks, while the compact “Nuri S” series is for smaller tasks. Other key products include “ICoN,” a robot with advanced safety features, and “Moby,” an autonomous platform for various tasks. The “Delta Robot (D)” is designed for automation, available in models with 3kg and 6kg (6.6 lbs and 13.2 lbs) payload capacities.

Using data and automation to achieve 24/7 production.

Smart Factory

Neuromeka and KEBA Sign an MOU for the Joint Development of Industrial Robots

Neuromeka, a South Korean company specializing in collaborative robots (cobots), offers a range of robots designed for safe interaction with humans, adaptable for various industries such as F&amp;B services and media and art and tasks through programming. Its flagship “Indy” series features a collision detection algorithm and supports easy programming through a tablet-based app. The “Nuri C” series handles high-payload tasks, while the compact “Nuri S” series is for smaller tasks. Other key products include “ICoN,” a robot with advanced safety features, and “Moby,” an autonomous platform for various tasks. The “Delta Robot (D)” is designed for automation, available in models with 3kg and 6kg (6.6 lbs and 13.2 lbs) payload capacities.These robots are available for outright purchase. &nbsp;Neuromeka was listed on the KOSDAQ, a South Korean stock exchange in 2022. The company generated revenue of USD 10.5 million in 2023 and reported an operating loss of USD 11.3 million for the same period.Key customers and partnerships&nbsp;Neuromeka collaborates with various partners, including AMS, CEK Technology Inc, SAMBO Technology, Robotable, POSTECH, and GoPizza, to enhance its offerings and expand its reach across different applications and industries. Moreover, in October 2023, Neuromeka partnered with KEBA, a provider of robotics and industrial automation solutions, for the joint development of industrial robots.

Avathon (formerly SparkCognition) offers a suite of AI-powered data analytics solutions for businesses, specializing in the industrial sector. The company’s offerings include: 1) Industrial AI Suite, which enables users to connect datasets with configurable AI models, identify and contextualize risks to equipment, analyze maintenance actions, monitor performance, and visualize multi-asset systems, without requiring coding experience, and 2) Visual AI Advisor, which leverages computer vision to analyze real-time data from existing camera infrastructure for a number of different use cases, such as safety monitoring, visual inspection, and machine monitoring.&nbsp;In May 2023, the company launched the Generative AI Suite, a solution specifically tailored for the industrial sector, which enables users to build and deploy custom large language models (LLMs) on either private or on-premise cloud environments. Users also autonomously augment data sets by generating text, images, audio, and other signals and create imagery for use in simulated real-world environments. It claims to&nbsp;reduce the foundational information needed for decision-making by up to 20x.Since 2021, the company has acquired a number of companies to further develop its product offering. This includes Indian visual AI startup&nbsp;<a href="https://sp-edge.com/updates/9370?industryIds=6">Integration Wizards</a> (March 2022) to expand its intellectual property (IP) portfolio to improve vision capabilities as well as digital knowledge platform Maana (July 2021), software developer for the renewable energy industry Ensemble Energy (May 2021), and financial technology company AIM2 (February 2021).&nbsp;<a href="https://sp-edge.com/updates/34997">In October 2024,&nbsp;</a>Avathon unveiled a new system-level AI platform that provides solutions for managing and monitoring critical industrial infrastructure. The AI platform addresses various industrial issues, including maximizing the uptime of capital-intensive assets, enabling efficient manufacturing ramp-up, and ensuring worker safety in industrial settings.&nbsp;Key customers and partnershipsSparkCognition’s clientele comprises large companies such as Boeing, Hitachi, and British Petroleum. It has also built partnerships with Google for cloud platform services, Hewlett-Packard Enterprise to offer AI predictive maintenance on HPE Edgeline Converged Edge Systems, and OSIsoft to integrate SparkCognition’s machine learning technology with OSIsoft’s PI system to improve data and process data analytics.&nbsp;

Avathon

Sight Machine offers a manufacturing data platform that captures and contextualizes data from factories to deliver a system-wide view of the manufacturing process as well as individual assets. The platform transforms raw plant data as well as data from machines of various manufacturers into a standardized data foundation and provides actionable insights for a range of use cases such as predictive maintenance, quality improvement, and capacity utilization. Users can analyze all assets, data sources, and processes by creating digital twins, thereby improving processes, quality, and productivity.&nbsp;In October 2022, Sight Machine introduced <a href="https://sp-edge.com/updates/13696?industryIds=6">Blueprint</a>, a tool developed in collaboration with NVIDIA and Microsoft, which uses AI for high-speed, automated data labeling. The company claims that this solution enables manufacturers to analyze up to 100x more of their data than traditional methods.&nbsp; Key customers and partnershipsSight Machine caters to at least 15 verticals, such as food and beverage, electronics, and automotive. Its global clientele includes Fortune 500 companies such as Nissan, Heineken, Westrock Co., and Asian Paints.&nbsp;<a href="https://sp-edge.com/updates/21955">In September 2023</a>, Sight Machine partnered with LS Electric, a power and automation solutions provider, to create an AI-driven Big Data analytics platform tailored for the manufacturing and energy sectors. In December 2023, the company went on to partner with Teamviewer, a remote collaboration solutions provider, to offer a joint product that combines the latter’s remote connectivity and industrial AR solutions with its real-time data and analysis for industrial processes.&nbsp;Sight Machine has established partnerships with large global companies such as Microsoft, Google, Databricks, Siemens, and AWS to integrate with their data analytics platforms and Fujitsu to help with wide deployments. In July 2023, the platform also became a certified Microsoft Cloud for Manufacturing partner and released Factory CoPilot, integrating its Manufacturing Data Platform with Microsoft Azure OpenAI Service to offer GenAI capabilities for manufacturing analysis and real-time insights. The company went on to launch the<a href="https://sp-edge.com/updates/33441"> Sight Machine connector for Databricks</a> (in September 2024), to integrate its manufacturing data platform with the latter’s data intelligence platform.

Sight Machine

Overview offers smart cameras and AI to enable users to monitor manufacturing equipment and robots and identify defects in real time before significant damage or downtime is incurred. The technology has a repository of machine data so that there is a traceable visual record of all units.&nbsp;With AI, the cause of production issues and quality concerns can be identified either on-site or remotely. The company claims over time, the deep learning computer vision algorithms allow for any sudden substantial increases in production and improved yields. Moreover, it reportedly offers 100% visual traceability and an over 99.9% uptime.&nbsp;Key customers and partnershipsAs of September 2024, the solution was used by a number of enterprises, including Schaeffler, ThermoFischer, Honda, Caterpillar, and Tyson.&nbsp;

Overview

Bright Machines combines robotics, machine learning, and computer vision to provide automation applications for the electronics manufacturing industry. Its flagship product is the “Bright Machines Microfactory,” a pre-integrated, programmable assembly line that can be deployed in existing and new production facilities. The Microfactory runs on the company's proprietary “Brightware” cloud-based software platform, offering a scalable solution that enables manufacturers to enhance supply chain resilience and adapt production capacity according to market demand. This software-defined manufacturing allows factories to change the products that they manufacture if needed. The company offers its service on a subscription-based microfactory-as-a-service (MaaS) business model.The company reportedly generated USD 83 million in revenue in 2021. In May 2021, Bright Machines reported that its revenue doubled each year since its inception (2018) and forecasts a 5-year CAGR (2020-2025) of over 84%.&nbsp;Key customers and partnershipsBright Machines served over 40 manufacturing companies as of October 2022.The company collaborated with Microsoft Azure in May 2024 to leverage the latter’s infrastructure to deliver a full-stack environment for all stages of the manufacturing lifecycle.The company also has distribution/sales partnerships with Anstar Corporation (April 2021), SMT Capital (April 2021), MaRC Technologies (May 2021), PAC Global (May 2021), Restronics (June 2021), <a href="https://sp-edge.com/updates/3618">BROCK Electronics</a> (June 2021), <a href="https://sp-edge.com/updates/4740">Murray Percival</a> (July 2021), <a href="https://sp-edge.com/updates/4412">Competitive Edge Manufacturing Equipment</a> (CEME; July 2021).Key competitors: None comparable (Bright Machines is the only company in the smart factory industry that offers microfactories-as-a-service, which combines intelligent software with adaptive hardware to automate manufacturing processes.)

Bright Machines

Augury offers AI-based predictive maintenance solutions. It uses wireless halo sensors to record the vibration, temperature, and magnetism of machines and upload them to the cloud, where AI will be used to diagnose faults and predict potential malfunctions. The system can predict failures and provide early, actionable insights on equipment status, allowing companies to plan maintenance more effectively. Augury offers Machine Health solutions for Critical Assets (MH CR) and Supporting Equipment (MH SE).&nbsp;Furthermore, it offers a warranty policy (one-of-a-kind in the predictive maintenance field) for up to USD 100,000 of repairs and replacements if the software fails to successfully predict machine faults. The company reported that its machine health (predictive maintenance) solutions can deliver an ROI of 3x–10x. In December 2023, the company launched a product loss guarantee solution, in partnership with HSB, which covers a broader range of production-related assets, including protection against production loss due to mechanical failures.&nbsp;In May 2022, <a href="https://sp-edge.com/updates/10286">Augury acquired Seebo,</a> another Israeli company that offers predictive quality and yield solutions for manufacturers to identify process-driven inefficiencies.&nbsp;Key customers and partnershipsAugury has built a customer base consisting of companies such as Hershey’s, Colgate-Palmolive, Grundfos, Heineken, Danone, and Bausch Health. The company announced an insurance plan for its customers in 2020, partly as a strategy to attract more customers. Augury’s Machine Health Solutions are integrated with PTC’s ThingWorx IoT through a partnership in July 2020 and are available in the PTC Marketplace. In October 2021, it partnered with Baker Hughes, a provider of energy technology solutions, which integrated Augury’s solutions into its System 1 software and asset performance management (APM) solutions. It went on to integrate Baker Hughes’ “Ranger Pro” wireless condition monitoring sensor and “Cordant” gateway into its platform in June 2024.&nbsp;In November 2023, <a href="https://sp-edge.com/updates/23991">Augury partnered with IFS Ultimo</a>, a provider of cloud-based enterprise asset management (EAM) solutions, to offer machine health monitoring and asset management workflows for industries. It went on to partner with DSV, a logistics solutions provider, in March 2024, to introduce a new Parts As a Service (PaaS) solution. The solution utilizes machine health to predict machine faults and enables users to automate the procurement of replacement parts.

Augury

Companies that provide robotic fleet management software, robotic automation software, and inspection software.

Companies that provide an industrial IoT platform across factories as the primary offering.

Companies that provide cobots, sorting/ picking robotics, modular production robotics, and microfactories.

Companies that focus on data analytics for operations streamlining and process optimization, and may offer predictive maintenance.

Companies that provide autonomous mobile robots (AMR) or self-driving vehicles (SDV) used in manufacturing/ factory operations.

Companies that monitor the manufacturing equipment and assembly lines.

Companies that provide predictive maintenance as a primary offering. 

Creates digital twins of assets and processes to help manufacturers improve processes, quality, and productivity

Connected devices, sensors, IoT, and analytics are used to optimize factory operations

Uses advanced robotics, AMRs, and related software to improve the efficiency of factory operations

Uses connected devices and sensors to gather data—IIoT, predictive analysis, and equipment inspection

Uses AI/ML to analyze data for predictive maintenance and AI-based vision systems for line inspections

5G standard allows for faster reaction times and supports high connection densities

Uses edge computing for data processing at the edge

Some companies in the predictive maintenance space uses generative AI to generate possible alternative scenarios

PROMINENT_CATEGORY

The given HTML code represents a div element containing an unordered list (ul) with three list items (li). Each list item contains a paragraph (p) element with text describing a collaboration agreement between two companies.

The first list item states that Neuromeka, a provider of collaborative robotics solutions, has signed a memorandum of understanding (MOU) with KEBA, a provider of robotics and industrial automation solutions.

The second list item highlights that the agreement aims to promote joint collaboration in industrial robotics, focusing on advancing robotic systems, exploring automation in industrial settings, and seeking new business opportunities.

The third list item provides information about Neuromeka, describing it as a robotics company specializing in collaborative robotic automation. It mentions that the company has developed a service platform business ecosystem centered on collaborative robots, making it easier for small and medium-sized manufacturing companies to introduce and operate robot automation.

Neuromeka

About EDGE

Contact Us

Resources

Area of Focus

Technology Research Made Effortless