About Lablup
Lablup is a company based in Seoul (South Korea) founded in 2015 by Jonghyun Park, Jeongkyu Shin, and Joongi Kim.. Lablup has raised $9.64 million across 2 funding rounds from investors including Industrial Bank of Korea, Daesung Startup Investment and LB Investment. Lablup offers products and services including Backend.AI. Lablup operates in a competitive market with competitors including Abacus.AI, Thehive, Silo.AI, Scaled Inference and XNOR.AI, among others.
- Headquarter Seoul, South Korea
- Founders Jonghyun Park, Jeongkyu Shin, Joongi Kim
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Lablup Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$9.64 M (USD)
in 2 rounds
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Latest Funding Round
$7.89 M (USD), Series A
Apr 21, 2023
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Investors
Industrial Bank of Korea
& 5 more
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Employee Count
Employee Count
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Products & Services of Lablup
Lablup offers a comprehensive portfolio of products and services, including Backend.AI. 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.
Software for accessing computing resources in AI research and development.
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Funding Insights of Lablup
Lablup has successfully raised a total of $9.64M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $7.89 million completed in April 2023. 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 — $7.9M
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First Round
First Round
(22 Jun 2017)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Apr, 2023 | Amount | Series A - Lablup | Valuation | K2 Investment Partners , LB Investment |
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| Jun, 2017 | Amount | Seed - Lablup | Valuation |
investors |
| 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 Lablup
Lablup has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Industrial Bank of Korea, Daesung Startup Investment and LB Investment. 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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Growth-stage private equity investments are targeted across multiple sectors.
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Venture capital is provided to early-stage high-potential companies.
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Founded Year | Domain | Location | |
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Early-stage tech and life sciences focused VC & PE firm
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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 Lablup
| 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 - Lablup
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Lablup Comparisons
Competitors of Lablup
Lablup 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 Abacus.AI, Thehive, Silo.AI, Scaled Inference and XNOR.AI, 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 |
Provides AI based data models creation for data science
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| domain | founded_year | HQ Location |
Data labeling solutions for machine learning data tagging are provided.
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| domain | founded_year | HQ Location |
Provider of customized AI-powered solutions
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| domain | founded_year | HQ Location |
Public cloud APIs for machine learning intelligence are provided.
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| domain | founded_year | HQ Location |
On-device deep learning framework is provided for AI integration.
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| domain | founded_year | HQ Location |
Real-time ML data pipelines are deployed via a unified solution.
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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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Frequently Asked Questions about Lablup
When was Lablup founded?
Lablup was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is Lablup located?
Lablup is headquartered in Seoul, South Korea.
Who is the current CEO of Lablup?
Jeongkyu Shin is the current CEO of Lablup. They have also founded this company.
Is Lablup a funded company?
Lablup is a funded company, having raised a total of $9.64M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.75M, raised on Jun 22, 2017.
What does Lablup do?
Lablup was established in 2015 in Seoul, South Korea, within the software sector focused on research and engineering tools. Access to computing resources is enabled anytime and from any location through the companys platform. Automation is applied to workflows spanning research, development, sharing, and deployment. Standardized, scalable computing environments are supplied to support scientific and technical operations.
Who are the top competitors of Lablup?
What products or services does Lablup offer?
Lablup offers Backend.AI.
Who are Lablup's investors?
Lablup has 6 investors. Key investors include Industrial Bank of Korea, Daesung Startup Investment, LB Investment, K2 Investment Partners, and Stonebridge Capital.
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