FortytwoMaru, Ranked No.1 for 3 Consecutive Years in FT's Asia-Pacific High-Growth Companies

Fortytwo Maru Ranks No.1 in APAC High Growth for 3 Consecutive Years
Achieves Total Revenue Growth Rate of 315.1%
CEO Kim Donghwan: "We Will Continue Sustained High Growth"

Generative artificial intelligence (AI) startup FortyTwoMaru has been ranked first for three consecutive years in the 'Asia-Pacific High Growth Companies' list announced by the UK Financial Times (FT).

Employees of FortyTwoMaru are taking a commemorative photo after the company-wide town hall meeting on the 17th. Photo by FortyTwoMaru

FT and Statista, a global research firm based in Germany, annually select and announce the top 500 companies showing high growth among approximately 15,000 companies across 13 countries in the Asia-Pacific region. Eligible companies must have had sales of over $100,000 in 2019 and over $1 million in 2022, with rankings determined based on innovation and the compound annual growth rate (CAGR) from 2019 to 2022.

FortyTwoMaru recorded a total sales growth rate of 315.1% and a CAGR of 60.7%, securing the number one spot among generative AI companies for three consecutive years from 2022 to this year.

Donghwan Kim, CEO of FortyTwoMaru, stated, "Being selected as the top generative AI company for three consecutive years reaffirms the market viability and global growth momentum of our RAG42 and LLM42 technologies. We will continue to lead future changes brought by the advancement of ultra-large AI technologies and sustain high growth."

Generative AI startup FortyTwoMaru has mitigated the hallucination issue, a drawback of ultra-large language models (LLM), through engineering that combines retrieval-augmented generation technology RAG42 and AI reading comprehension technology MRC42. By supporting enterprise private models, it enables the use of ultra-large AI without concerns about internal corporate data and sensitive customer information leaks.

This content was produced with the assistance of AI translation services.