A recent survey revealed that South Korea lags behind China and India in terms of size when it comes to emerging artificial intelligence startups.
On April 17, Singapore-based technology news outlet Tech in Asia released a list of the top 50 most invested AI startups in Asia. China topped his list with 24 companies, followed by India with his 10 companies, and South Korea and Japan tied for his third place with four companies each.
Only startups with Series E or higher funding are included in this list. Startups typically grow through Series A to C funding, with some companies receiving additional investment after Series C depending on their business strategy.
The company that received the most funding was Minimax, a Chinese company developing a Chinese version of ChatGPT. Minimax’s total funding to date reaches USD 850 million. This was followed by Baichuan Intelligent Technology, Enflame, and others. Israel’s AI21 Labs ranked fourth with USD 272 million, while Indian startups also made it to the top.
The only Korean AI startup in the top 10 was Rebellions, an AI semiconductor startup with a total investment of $198 million. Sapeon, a subsidiary of SK on, another AI semiconductor developer under the SK Group, ranked 16th with $110 million. FASSTO, an AI logistics platform startup, received $76 million, and Seoul Robotics, an industrial autonomous driving startup, received $28.6 million. Japan also ranked third with South Korea, with four companies.
According to the “AI Index 2024” report released by Stanford University on April 15 (local time), South Korea fell from 6th to 9th place in last year’s investment ranking, and private AI investment in South Korea has fallen behind other countries. It turned out that I was taking the.
In 2023, the United States ranked first in private AI investment with $67.22 billion, followed by China with $7.76 billion, and South Korea in ninth place with $1.39 billion. Last year, South Korea invested $3.1 billion, securing sixth place.
