About Carat
Carat is a company based in South Korea founded in 2021 by Jinuk Jang. It operates as a AI-as-a-Service. Carat has raised $1.5 million across 1 funding round from investors including Hana Ventures. Carat offers products and services including Carat AI Agent. Carat operates in a competitive market with competitors including Lapse, Filmic Pro, TeliportMe, Retrica and Appy Couple, among others.
- Headquarter South Korea
- Founders Jinuk Jang
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Sectors
Media & Entertainment
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.5 M (USD)
in 1 rounds
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Latest Funding Round
$1.5 M (USD), Series A
Jan 26, 2024
- Investors
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Employee Count
Employee Count
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Products & Services of Carat
Carat offers a comprehensive portfolio of products and services, including Carat AI Agent. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
A creative AI agent with chat interface provided.
Funding Insights of Carat
Carat has successfully raised a total of $1.5M through 1 strategic funding round. The most recent funding activity was a Series A round of $1.5 million completed in January 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $1.5M
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First Round
First Round
(26 Jan 2024)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2024 | Amount | Series A - Carat | Valuation | Hana Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Carat
Carat has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Hana Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Financial support is provided to ventures by Hana Ventures.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Carat
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Carat
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Carat Comparisons
Competitors of Carat
Carat operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Lapse, Filmic Pro, TeliportMe, Retrica and Appy Couple, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Provider of photography solutions for creating social photo journals
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| domain | founded_year | HQ Location |
Video camera app
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| domain | founded_year | HQ Location |
Panoramas are captured and shared through a smartphone community app.
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| domain | founded_year | HQ Location |
Camera App with live filters and layouts
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| domain | founded_year | HQ Location |
Digital wedding planning tools and apps are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Carat
Frequently Asked Questions about Carat
When was Carat founded?
Carat was founded in 2021 and raised its 1st funding round 3 years after it was founded.
Where is Carat located?
Carat is headquartered in South Korea.
Who is the current CEO of Carat?
Jinuk Jang is the current CEO of Carat. They have also founded this company.
Is Carat a funded company?
Carat is a funded company, having raised a total of $1.5M across 1 funding round to date. The company's 1st funding round was a Series A of $1.5M, raised on Jan 26, 2024.
What does Carat do?
Carat is established as a provider of a creative AI agent accessible through a chat interface. The solution is designed to assist users in various creative tasks. The focus is placed on leveraging artificial intelligence to enhance user interaction within the technology sector.
Who are the top competitors of Carat?
Carat's top competitors include Lapse, TeliportMe and Ufoto.
What products or services does Carat offer?
Carat offers Carat AI Agent.
Who are Carat's investors?
Carat has 1 investor. Key investors include Hana Ventures.
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