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 3 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
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$9.64 M (USD)
in 3 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
Not available
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Products & Services of Lablup
Lablup offers a comprehensive portfolio of products and services, including Backend.AI.
Software for accessing computing resources in AI research and development.
People of Lablup
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Funding Insights of Lablup
Lablup has successfully raised a total of $9.64M across 3 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.
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.
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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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Early-stage tech and life sciences focused VC & PE firm
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Investor details for Lablup
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Investments & Acquisitions by Lablup
Investment portfolio details for Lablup
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Financial Statements - Lablup
Detailed financials for Lablup
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Lablup Comparisons
Peer comparison for Lablup
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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.
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Provides AI based data models creation for data science
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Data labeling solutions for machine learning data tagging are provided.
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Provider of customized AI-powered solutions
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Public cloud APIs for machine learning intelligence are provided.
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On-device deep learning framework is provided for AI integration.
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Real-time ML data pipelines are deployed via a unified solution.
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Detailed competitors of Lablup
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Latest news on Lablup
Complete news archive for Lablup
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Frequently Asked Questions about Lablup
Lablup was founded in 2015.
Lablup is headquartered in Seoul, South Korea.
Jeongkyu Shin is the current CEO of Lablup. They have also founded this company.
Lablup is a funded company, having raised a total of $9.64M across 3 funding rounds to date.
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.
Lablup offers Backend.AI.
Lablup has 6 investors. Key investors include Industrial Bank of Korea, Daesung Startup Investment, LB Investment, K2 Investment Partners, and Stonebridge Capital.