About RECON Labs
RECON Labs is a company based in Seoul (South Korea) founded in 2019. It operates as a AI-as-a-Service, and Professional Services. RECON Labs has raised $4.85 million across 2 funding rounds from investors including Korea Investment Holdings, Shinhan Financial Group and Hanwha. RECON Labs offers products and services including 3DPresso and GenPresso. RECON Labs operates in a competitive market with competitors including Pix4D, Omi, Scanpoint Geomatics, Vexcel Imaging and Weview, among others.
- Headquarter Seoul, South Korea
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Sectors
RetailTechnology
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Phone
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Website
*********
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Social
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- Legal Name (주) 리콘랩스
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4.85 M (USD)
in 2 rounds
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Latest Funding Round
$4.4 M (USD), Series A
May 02, 2022
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Investors
Korea Investment Holdings
& 7 more
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Employee Count
Employee Count
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Products & Services of RECON Labs
RECON Labs offers a comprehensive portfolio of products and services, including 3DPresso and GenPresso. 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.
All-in-one solution for 3D modeling and distribution provided.
AI design agent platform optimized for designer workflows.
Funding Insights of RECON Labs
RECON Labs has successfully raised a total of $4.85M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $4.4 million completed in May 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 Total Funding
- Total Rounds 2
- Last Round Series A — $4.4M
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First Round
First Round
(22 Jun 2021)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Series A - RECON Labs | Valuation | Hanwha , Korea Investment Holdings |
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| Jun, 2021 | Amount | Seed - RECON Labs | Valuation | NAVER D2 Startup Factory , Kakao Ventures |
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| 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 RECON Labs
RECON Labs has secured backing from 8 investors, including institutional and venture fund investors. Prominent investors backing the company include Korea Investment Holdings, Shinhan Financial Group and Hanwha. 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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Investment holding firm established in Seoul in 2003.
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Financial group
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Venture capital investments are directed toward IT startups.
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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 RECON Labs
| 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 - RECON Labs
| 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 |
Recon Labs Comparisons
Competitors of RECON Labs
RECON Labs 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 Pix4D, Omi, Scanpoint Geomatics, Vexcel Imaging and Weview, 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 |
Cloud and AI-based photogrammetry software for drone mapping is provided.
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| domain | founded_year | HQ Location |
3D product configurators are provided for customizable e-commerce visuals.
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| domain | founded_year | HQ Location |
GIS mapping software is developed for geospatial applications.
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| domain | founded_year | HQ Location |
Provider of photogrammetry software solution
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| domain | founded_year | HQ Location |
Platform offering product experience management solution for businesses
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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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Latest news on Recon Labs
Frequently Asked Questions about RECON Labs
When was RECON Labs founded?
RECON Labs was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is RECON Labs located?
RECON Labs is headquartered in Seoul, South Korea.
Is RECON Labs a funded company?
RECON Labs is a funded company, having raised a total of $4.85M across 2 funding rounds to date. The company's 1st funding round was a Seed of $450K, raised on Jun 22, 2021.
What does RECON Labs do?
Digital content creation is revolutionized through AI-based platforms by RECON Labs. Solutions like 3DPresso and GenPresso are offered to lower barriers in 3D modeling and enhance designer workflows. Custom projects and RD initiatives for government and businesses are undertaken. The focus is placed on expanding AI technology applications across content industries. Visualization and intent inference technologies are utilized to ensure high-quality outputs. Global standards in digital content production are aimed to be established.
Who are the top competitors of RECON Labs?
RECON Labs's top competitors include Pix4D, Scanpoint Geomatics and Omi.
What products or services does RECON Labs offer?
RECON Labs offers 3DPresso and GenPresso.
Who are RECON Labs's investors?
RECON Labs has 8 investors. Key investors include Korea Investment Holdings, Shinhan Financial Group, Hanwha, Kakao Brain, and Kakao Ventures.
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