Asia’s technology sector is undergoing a shift. The era dominated by consumer apps, from ecommerce marketplaces to ride-hailing platforms, has been giving way to a wave of start-ups focused on applying AI to established industries. Many of the fastest growing companies in the Asia-Pacific region are emerging from this shift.
The latest FT/Statista ranking of Asia-Pacific’s high-growth companies offers a snapshot of how quickly this transformation is unfolding.
At the top of the ranking, South Korea stands out. Four of the 10 fastest-growing companies are based in Seoul, highlighting the strength of the country’s start-up sector. Long known for manufacturers such as Samsung, Hyundai and LG, the country is producing a fresh crop of high-growth companies.
Many operate in sectors closely tied to South Korea’s industrial strengths, including AI, logistics technology and electric vehicle supply chains.
Some of the companies featured in the ranking are applying AI to healthcare, including Deepnoid, which develops software for analysing medical images, while others such as Nota AI are focused on the infrastructure behind AI, developing software that compresses AI models so they can run efficiently on devices.
