PR98849

TOKYO, Nov. 23, 2022 /PRNewswire=KYODO JBN/ --

- Reduce time to build AI operational environment from 6 months to 4 weeks

AI startup MakinaRocks (Co-CEOs Andre S. Yoon and Jae-hyuk Lee), a leading

specialist in manufacturing and industrial solutions, is poised to dominate the

MLOps (Machine Learning Operations) market with the launch of its enterprise

MLOps platform MakinaRocks Runway™.

Runway is the promising new enterprise MLOps platform developed by MakinaRocks.

MakinaRocks has acquired expertise in developing and operating high-performance

AI models through its experience of carrying out more than 100 successful AI

projects in diverse industries such as semiconductor, battery, automobile, and

solar energy. Runway guarantees flexibility in responding to a wide range of

data and related problems for companies in various sectors and accelerates the

entire process of the machine learning life cycle by standardizing machine

learning model development, deployment, and operation environment.

"Runway enables MakinaRocks' customers to reduce the time it takes to build a

system to operate models from six months to four weeks. The platform is truly a

breakthrough solution for companies that have little or no experience in

deploying code-based AI/ML models or are paying high costs for managing AI/ML

models to create real business value through AI technology," said Jae-hyuk Lee,

the company's CEO & co-founder.

Runway is currently being used by energy companies (about KRW 7.8 trillion in

sales in 2021), semiconductor parts manufacturers (about KRW 160 billion in

sales in 2021), and AI startups (about KRW 5 billion in sales in 2021).

MakinaRocks continues to receive many inquiries about Runway from global

automotive manufacturers, AI-managed companies, and other enterprises and is

set to launch Runway in full-scale on the global market in 2023.

MakinaRocks will participate in the Innovation Leaders Summit (ILS) in Tokyo,

Japan in 2022. A presentation by MakinaRocks' CEO and founder Andre S.

Yoon<https://www.linkedin.com/in/ACoAABd-YiQBZqXx9WIrYH9a-HoTSGDnlLxTqNE> will

be given on November 30 (Wed) with the topic "MLOps for industries: An

Introduction to MakinaRocks". Those interested in industrial AI and enterprise

MLOps in Japan are invited to set up a meeting through MakinaRocks' website.

(https://www.makinarocks.ai/contact-us).

According to a survey of 400 companies conducted by Algorithmia, an American AI

company established in 2013, 55% of the companies surveyed have never built

AI/ML models in the production environment, about 40% said it took more than 30

days to deploy a single model, and 41% responded that they were having

difficulties version controlling and reproducing machine learning models. MLOps

is a technology that helps alleviate the difficulties that many companies face

in developing and operating AI/ML models.

Founded in 2017, MakinaRocks is an AI startup with offices in Seoul and Silicon

Valley. In July 2022, MakinaRocks was selected by the technology market

intelligence company CB Insights for its "Advanced Manufacturing 50" list. In

2021, MakinaRocks was selected as one of the "World Economic Forum's Technology

Pioneers," a title previously given to Google, Airbnb, and Palantir

Technologies.

Media Inquiries:

Hyelim Jung

Marketing Team Manager

hyelim.jung@makinarocks.ai

SOURCE  MakinaRocks

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   Caption: MakinaRocks' Runway