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AI & Enterprise

Wonderful raises $550 million in Series C at $5 billion valuation

Enterprise AI operating system company Wonderful said on Monday it raised $550 million in a Series C funding round, valuing the company at $5 billion. The round was led by global venture capital firm Insight Partners, with follow-on participation from Salesforce and existing investors including Index Ventures, IVP, Vy Capital, 9Yards and Bessemer Venture Partners. Wonderful plans to use the funds for product development and global expansion.

AI & Enterprise

Makinarocks aims to build fully autonomous factories by 2028

Makinarocks set out a vision to build fully autonomous factories in South Korea by 2028 with no human intervention. Chief Executive Sung-ho Yoon said the company is working with electric actuator maker EnerTalk and plans a phased shift from visibility of factory conditions to connected systems and then self-acting automation from 2026 to 2028. He also detailed AI application results in manufacturing and defence and stressed “enterprise AI sovereignty” for its Runway platform.

AI & Enterprise

ETRI aims to develop \'director-level AI scientist\' by 2035, unveils 50th anniversary vision

South Korea\'s Electronics and Telecommunications Research Institute said it would challenge itself to develop a \"director-level AI scientist\" by 2035 that can autonomously carry out the full research cycle, from hypothesis setting to experiments, analysis and verification. It also unveiled an AI innovation strategy and plans to focus R&D capabilities on five areas including AI-native 6G and satellite communications, safe artificial general intelligence, immersive space media, physical AI, and public and industrial AI and digital transformation.