Lunit about to run it in 2017- the only Korean company in “The AI100” by CB Insights

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Among the top 100 ranked AI companies named by a tech market intelligence platform, CB Insights, Lunit Inc. (Lunit) – an AI medical imaging company – was distinguished as the only Korean company.

“The AI100” selected 100 most influential AI companies around the world and was constructed through a combination of two sources: self-submitted information from the candidates and Mosaic Score – a predictive intelligence producing algorithm developed by CB Insights through a sponsorship from the National Science Foundation.

Other AI companies included on the list were Affectiva, Blue River Technology, Deep Instinct, and Sentient Technologies. A number of firms within the healthcare, pharmaceutical, business intelligence, gaming, and manufacturing industries were listed as well. Through a process where only 6% of the 1,650 considered companies were chosen, Lunit was awarded a spot within the top 11 companies in the healthcare field, and top 7 for medical imaging.

Founded in 2013, Lunit is a company that has been developing deep-learning-based image recognition technology. Following its seed round from K-Cube Ventures in 2014, the firm raised approximately $6M from SoftBank Ventures, Formation 8, Intervest, MiraeAsset venture capitalists and others.

Mr. Baek (CEO) commented, “This award [AI 100] recognizes the global competence of our technology in the fields of healthcare and medical imaging. We will continue to work hard to ensure that our deep-learning-based image recognition technology can contribute to healthcare and medical innovation, and ultimately improve the living conditions for the humanity.”
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Thomas Kim is a support staff member for a multinational law firm in DC. With a B.A. in political science from The George Washington University, he is interested in startup policies and has been involved in a number of cases including a research role at the department of entrepreneurship at GWU. (Though he has no formal education in technology, he considers himself a self-taught mobile apps expert through his active use of various different dating apps.)

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