Generative AI startup 42Maru (CEO Dong-Hwan Kim) won the grand prize, the Minister of SMEs and Startups Award, at the '7th Korea AI SME Innovation Awards' held at the Bulls Hall of the Korea Financial Investment Association in Yeouido, Seoul on the 24th.
This event, hosted by Newsfim and sponsored by the Ministry of SMEs and Startups, the Korea SMEs and Startups Agency, the Korea Technology Finance Corporation, the Korea Federation of SMEs, and the Korea Venture Business Association, aimed to discover and encourage promising SMEs, venture companies, and startups. The judging process focused on four key criteria: sales and profit growth, business model competitiveness, technological innovation, global market penetration, and ESG management.
Forty2Maru was selected as the winner for its AI Transformation (AX) technology, which can be applied across industries including manufacturing, finance, healthcare, education, defense, and public administration, as well as its global expansion potential. The company emphasizes a generative AI approach that combines fact-based evidence and provides AI solutions applicable to industrial settings, including document, regulation, and business knowledge-based Q&A, summarization, drafting, and work automation scenarios.
FortiTumaru combines its proprietary domain-specific lightweight giant language model (LLM42), augmented search generation (RAG42), and artificial intelligence comprehension (MRC42) technologies to provide a method for building enterprise AI that simultaneously considers accuracy and operational efficiency. Private mode for enterprises allows for safe AI deployment without the risk of internal data and customer information leaks, reducing solution deployment and operational costs.
At the awards ceremony that day, in addition to FortiTumaru, PosiS, Modusign, Wonforyou, and Innovide also received awards in recognition of their technological prowess and growth potential in their respective fields.
FortiTumaru CEO Kim Dong-hwan said, “This award is a recognition of the AX verification and technological achievements we have accumulated in the industrial field,” and added, “We will continue to lead the AI transformation across industries as a representative AI company of Korea through technological innovation and global market expansion.”
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