About PILAB
PILAB is a company based in Seoul (South Korea) founded in 2018 by Jong Hyup Lee. PILAB has raised $11.7 million across 2 funding rounds from investors including Kakao, HYBE and Korea Investment Holdings. PILAB operates in a competitive market with competitors including Lydian Labs, SKYPlay, Prometheum, Injective Labs and Here Not There Labs, among others.
- Headquarter Seoul, South Korea
- Founders Jong Hyup Lee
- SectorsTechnology
- Email••••••••
- Website pilab.co
- Total Equity Funding$11.7M (USD)
in 2 rounds
- Latest Funding Round$8.4M (USD), Series A
Feb 2022
- InvestorsKakao
& 3 more
Funding Insights of PILAB
PILAB has successfully raised a total of $11.7M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $8.4 million completed in February 2022. 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 $11.7M
- Total Rounds 2
- Last Round Series A — $8.4M
- First Round $3.3M
(Jun 2019)
- Investors Count 4
All 2 funding rounds of PILAB with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2022 | $8.4M | Series A | – | Korea Investment Holdings, STIC Ventures | |
| Jun 2019 | $3.3M | Seed | – | Korea Investment Holdings | – |
4 investors in total: 4 institutional.
Investors in PILAB
PILAB has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Kakao, HYBE and Korea Investment Holdings.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment holding firm established in Seoul in 2003. | 2003 | koreainvestment.com | Seoul, South Korea | |
Venture capital investments are directed toward SMEs by STIC Ventures. | – | sticventures.co.kr | Seoul, South Korea | |
Multi-category messaging and advertising applications are offered online. | 2010 | kakaocorp.com | Jeju-si, South Korea | |
HYBE is engaged in artist management and entertainment services. | 2020 | hybecorp.com | Seoul, South Korea |
Investor details for PILAB
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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- Investor portfolios
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People of PILAB
11 people are tracked at PILAB (4 in leadership, 7 in team).
| Name | Role | Group |
|---|---|---|
Jong Hyup Lee | Co-Founder & CTO | Leadership |
Dohyun Pak | CEO | Leadership |
SOSO HyunSick Choi | Chief Marketing Officer | Leadership |
Changhyun Yoo | COO | Leadership |
Victoria Perepel | Global Business Development | Team |
Seonggwon Yoon | Lead Devops Engineer | Team |
Sim Sanghyun | Software Engineer | Team |
Shamshod Rozikov | Senior Smart Contract Developer | Team |
HangHee Jo | Frontend Team Lead | Team |
Edmond Ebong | Brand ambassador | Team |
Kihyun Nam | Product Manager | Team |
Complete people profiles for PILAB
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Timeline of PILAB
3 dated milestones of PILAB across 4 years, from founding to its latest funding, stage changes and deals.
- Founded PILAB is founded.
- Funding First funding round of $3.3M.
- Funding Latest funding round, Series A, of $8.4M.
Competitors of PILAB
PILAB 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 Lydian Labs, SKYPlay, Prometheum, Injective Labs and Here Not There Labs, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| lydianlabs.com | 2021 | Cambridge, United States | $17.98M | 19 | Developer of technology to recycle CO2 emissions into carbon-neutral fuels | |
| skyplay.io | 2022 | Singapore | $10M | – | An online marketplace for play-to-earn NFT gaming is operated. | |
| prometheum.com | 1999 | New York, United States | $63.04M | – | Platform for issuance, trading, clearing & settling of tokenized securities | |
| injectivelabs.org | 2018 | New York, United States | $190M | – | Blockchain development services are provided by Injective Labs since 2018. | |
| hntlabs.com | 2020 | Palo Alto, United States | $58.27M | – | Blockchain protocol is provided for digital community building and management. | |
| tokensoft.com | 2017 | San Francisco, United States | $4M | 13 | Provider of token launch, management, and compliance solutions for Web3 projects | |
| aplo.io | 2019 | Paris, France | $11.12M | – | Online brokers for cryptocurrency trading |
Detailed competitors of PILAB
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
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Web traffic of PILAB
The website of PILAB (pilab.co) receives about 2.9K visits a month.
- Monthly visits2.9K
Latest news on Pilab
Complete news archive for PILAB
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
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Similar companies to PILAB
10 companies that operate in the same segment as PILAB (Blockchain & Decentralized Infrastructure), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Terraform Labs is engaged in blockchain technology development. | 2018 | Singapore, Singapore | USD 57 M | – | – | |
Ledger is recognized for providing secure cryptocurrency hardware wallets. | 2014 | Paris, France | USD 575.4 M | – | – | |
Decentralized exchange platform for cryptocurrency trading is operated. | 2018 | New York, New York, United States | USD 176 M | – | 85 | |
Developer of blockchain and web3 software platform | 2014 | Fort Worth, Texas, United States | USD 725 M | – | – | |
Public blockchain network platform | 2017 | Zug, Zug, Switzerland | USD 542.29 M | – | – | |
Scalable blockchain interoperability protocols are developed for enhanced network security. | 2017 | George Town, Cayman Islands | USD 450.75 M | – | – | |
Blockchain-based PC and mobile games are developed and published. | 2006 | Kowloon, Hong Kong, China | USD 973.19 M | – | – | |
Protocols for blockchain-based solutions are provided by Aptos. | 2021 | Palo Alto, California, United States | USD 350 M | – | – | |
Cloud-based blockchain platform for application development is provided. | 2013 | San Francisco, California, United States | USD 597.81 M | – | – | |
Blockchain-based fantasy sports marketplace is provided for multiple sports. | 2018 | Saint-mande, Val-de-marne, France | USD 738.84 M | – | – |
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Frequently Asked Questions about PILAB
PILAB was founded in 2018 and raised its 1st funding round 1 year after it was founded.
PILAB is headquartered in Seoul, South Korea.
PILAB is a funded company, having raised a total of $11.7M across 2 funding rounds to date. The company's 1st funding round was a Seed of $3.3M, raised on Jun 2019.
PILAB was established in 2018 in Seoul, South Korea, as a provider of research services centered on blockchain technology. Operations are conducted within the fintech and technology sectors, where specialized analysis and consulting are offered to clients seeking insights into blockchain applications. The company is led by co-founder and CTO Jong Hyup Lee, with activities focused on supporting innovation in decentralized systems across the Asia-Pacific region.
PILAB's top competitors include Lydian Labs, Prometheum and Tokensoft.
PILAB has 4 investors. Key investors include Kakao, HYBE, Korea Investment Holdings, and STIC Ventures.