About Elroilab
Elroilab is a company based in Seoul (South Korea) founded in 2020.. Elroilab has raised $3.74 million across 2 funding rounds from investors including Shinhan Financial Group, WOORI Venture Partners and Etri Holdings. Elroilab offers products and services including SAI-Food, SAI-Delta, SAI-Research, ELROINET, and Hyper-Consulting. Elroilab operates in a competitive market with competitors including TaskUs, Hypergiant, Sunshine, Saksoft and VoyagerX, among others.
- Headquarter Seoul, South Korea
-
Sectors
ConsumerTechnology
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name (주)Elroilab
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$3.74 M (USD)
in 2 rounds
-
Latest Funding Round
$3.74 M (USD), Series A
Jan 24, 2024
-
Investors
Shinhan Financial Group
& 6 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Elroilab
Elroilab offers a comprehensive portfolio of products and services, including SAI-Food, SAI-Delta, SAI-Research, ELROINET, and Hyper-Consulting. 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.
Automated extraction system for food safety applications.
Precision robotic arm for complex detection tasks.
Versatile station for multi-field research applications.
Deep learning model specialized in spectral imaging.
Custom AI solutions for business needs.
Funding Insights of Elroilab
Elroilab has successfully raised a total of $3.74M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $3.74 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 2
- Last Round Series A — $3.7M
- First Round First Round
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2024 | Amount | Series A - Elroilab | Valuation | WOORI Venture Partners | |
| May, 2022 | Amount | Seed - Elroilab | Valuation | SparkLabs |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Elroilab
Elroilab has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Shinhan Financial Group, WOORI Venture Partners and Etri Holdings. 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 |
|---|---|---|---|---|
|
Investments are directed by WOORI Venture Partners into diverse sectors.
|
Founded Year | Domain | Location | |
|
Financial group
|
Founded Year | Domain | Location | |
|
-
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Elroilab
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Elroilab
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Elroilab Comparisons
Competitors of Elroilab
Elroilab 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 TaskUs, Hypergiant, Sunshine, Saksoft and VoyagerX, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of customer care and back office support services for multiple sectors
|
|
| domain | founded_year | HQ Location |
Artificial intelligence and machine learning solutions are developed for enterprises.
|
|
| domain | founded_year | HQ Location |
Phone contacts are managed via an iOS app platform.
|
|
| domain | founded_year | HQ Location |
IT service suite solutions are provided globally by Saksoft.
|
|
| domain | founded_year | HQ Location |
AI-based software solutions are provided through an innovative platform.
|
|
| domain | founded_year | HQ Location |
Provider of intelligent automation solutions for digital workflow transformation
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about Elroilab
When was Elroilab founded?
Elroilab was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Where is Elroilab located?
Elroilab is headquartered in Seoul, South Korea.
Who is the current CEO of Elroilab?
Yoo Gwang seon is the current CEO of Elroilab.
Is Elroilab a funded company?
Elroilab is a funded company, having raised a total of $3.74M across 2 funding rounds to date.
What does Elroilab do?
ELROILAB provides an AI hyperspectral imaging solution to find foreign objects in food materials.
Who are the top competitors of Elroilab?
What products or services does Elroilab offer?
Elroilab offers SAI-Food, SAI-Delta, SAI-Research, ELROINET, and Hyper-Consulting.
Who are Elroilab's investors?
Elroilab has 7 investors. Key investors include Shinhan Financial Group, WOORI Venture Partners, Etri Holdings, Bilanx, and MAGNA Investment.