Stonebridge Ventures has made a new investment in the manufacturing process optimization technology startup Amber Road.
On the 9th, according to the venture capital (VC) industry, Stonebridge Ventures participated in the pre-A funding round of SparkLabs and Amber Road, investing 2 billion won.
Amber Road started as an in-house venture of POSCO and spun off in 2023. With the manufacturing process optimization solution "Miner Report" using AI, Amber Road has already generated an annual profit of 39.7 billion won from POSCO alone.
"Miner Report" is a system that extracts and integrates data from each production facility, which has also reduced process optimization time. Within a year of its spin-off, Amber Road secured 17 large corporate clients across industries such as automotive and food.
Amber Road plans to accelerate its technology development by utilizing the funds secured from this investment round. The goal is to become a leading AI solution company that global manufacturers seek first.
Choi Dong-yeol, head of the investment division at Stonebridge Ventures, noted, "Applying AI to manufacturing sites is difficult without expertise," but added, "Amber Road already has technology that can be expanded into various manufacturing fields."