Lounge'Lab

Seongdong, South Korea Founded: 2019 • Age: 7 yrs
AI-based robots for the hospitality industry are developed.
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About Lounge'Lab

Lounge'Lab is a company based in Seongdong (South Korea) founded in 2019.. Lounge'Lab has completed 3 acquisitions, including AMBITIONEM, Cobot Lab and MBichonem. Lounge'Lab operates in a competitive market with competitors including Bear Robotics, Shenzhen Pudu Technology, New Innovations, Relay Robotics and Cafe X Technologies, among others.

  • Headquarter Seongdong, South Korea
  • Sectors
    Consumer
    Industrial Goods & Manufacturing
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
Operational Areas
Consumer → Food, Beverage & Nutrition
Industrial Goods & Manufacturing → Robotics, Automation & Smart Systems
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Latest Funding Round
  • Investors
  • Employee Count
    Employee Count
  • Investments & Acquisitions
    AMBITIONEM

    & 2 more

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People of Lounge'Lab
Headcount 10-50
Employee Profiles 2
Employee Profiles
People
Byungjo Kim
CFO
People
Sungjae (Jay) Hwang
CEO & Co-founder

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Teams

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Funding Insights of Lounge'Lab

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

Investments & Acquisitions by Lounge'Lab

Lounge'Lab has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include AMBITIONEM, Cobot Lab and MBichonem. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.

Investments
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
Acquisitions
Company Name Description Domain Location Founded Year Amount
UGVs are provided for outdoor and indoor applications across industries.
2018
An online marketplace for backpacks and bags is operated.
2016
Manufacturer of cafe equipment
0
Company Name Description Domain Location Founded Year Amount
OVO is recognized as a smart digital payment application.
2017
Bionic investment advisor platform
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014

Financial Statements - LoungeLab

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
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

Lounge'lab Comparisons

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Competitors of Lounge'Lab

Lounge'Lab 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 Bear Robotics, Shenzhen Pudu Technology, New Innovations, Relay Robotics and Cafe X Technologies, 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
AI-powered robots for autonomous food delivery in restaurants are provided.
domain founded_year HQ Location
Indoor catering robots for delivery tasks are provided.
domain founded_year HQ Location
AI cafe robot development services are provided to clients.
domain founded_year HQ Location
Indoor delivery robots for hospitality are manufactured.
domain founded_year HQ Location
Coffee is prepared and served by a robotic arm system.
domain founded_year HQ Location
AI-powered robotic barista solutions are provided for food service automation.
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.

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Frequently Asked Questions about Lounge'Lab

When was Lounge'Lab founded?

Lounge'Lab was founded in 2019.

Where is Lounge'Lab located?

Lounge'Lab is headquartered in Seongdong, South Korea.

What does Lounge'Lab do?

Develops a range of robots for the hospitality industry. It has developed brands such as Lounge X, Lounge Y, Gram Grill Room, and Brown Bana by partnering with PIUM, Universal Robotics, Bear Robotics, and GoPizza among others. The offerings include robot ice cream, robot cafe, robot drip, robot bar, and more using AI composing and robot packaging.

Who are the top competitors of Lounge'Lab?

Lounge'Lab's top competitors include Bear Robotics, New Innovations and Relay Robotics.

How many acquisitions has Lounge'Lab made?

Lounge'Lab has made 3 acquisitions, including AMBITIONEM, Cobot Lab, and MBichonem.

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