About SUALAB
SUALAB is a company based in Seoul (South Korea) founded in 2013 by Bora Lee was acquired by Cognex in October 2019. SUALAB has raised $23.7 million across 3 funding rounds from investors including Cognex, Samsung Venture Investment and Stonebridge Capital. SUALAB operates in a competitive market with competitors including Cogniac, Inspekto, Beijing Achu Technology, EthonAI and STEMMER IMAGING, among others.
- Headquarter Seoul, South Korea
- Founders Bora Lee
- SectorsTechnologyIndustrial Goods & Manufacturing
- Email••••••••
- Phone•••• ••••
- Website sualab.com
- Social LinkedIn Facebook
- Acquired by Cognex (Oct 2019)
Funding Insights of SUALAB
SUALAB has successfully raised a total of $23.7M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $16.2 million completed in April 2019. 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 $23.7M
- Total Rounds 3
- Last Round Series C — $16.2M
- Investors Count 7
All 3 funding rounds of SUALAB 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 |
|---|---|---|---|---|---|
| Apr 2019 | $16.2M | Series C | – | DS, InterVest | |
| Oct 2017 | $7.5M | Series B | – | Samsung Venture Investment, KT Investment | |
| Jun 2016 | – | Series A | – | Stonebridge Capital | – |
8 investors in total: 8 institutional.
Investors in SUALAB
SUALAB has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Cognex, Samsung Venture Investment and Stonebridge Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage tech and life sciences focused VC & PE firm | – | stonebridge.co.kr | Seoul, South Korea | |
Early-stage venture capital is provided by Korean firm InterVest. | – | intervest.co.kr | Seoul, South Korea | |
Tech startups are funded through venture capital by Intops Investment. | – | intopsinv.com | Seoul, South Korea | |
Early-stage venture capital arm of SoftBank Group | – | sbvacorp.com | Seoul, South Korea | |
Venture capital investments are made in promising startups. | 1999 | samsungventure.co.kr | Seocho, South Korea | |
Early-stage tech startups are invested in by KT Investment. | – | kti.vc | Seoul, South Korea | |
DS Asset is engaged in asset management and investment services. | – | dsasset.com | Seoul, South Korea | |
Machine vision systems are developed for industrial automation and tracking. | 1981 | cognex.com | Natick, United States |
Investor details for SUALAB
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People of SUALAB
2 people are tracked at SUALAB (2 in leadership).
| Name | Role | Group |
|---|---|---|
Bora Lee | Co-Founder | Leadership |
Eric Eungjin Moon | CEO | Leadership |
Complete people profiles for SUALAB
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Timeline of SUALAB
4 dated milestones of SUALAB across 6 years, from founding to its latest funding, stage changes and deals.
- Founded SUALAB is founded.
- Funding First funding round.
- Funding Latest funding round, Series C, of $16.2M.
- Exit Acquired by Cognex.
Competitors of SUALAB
SUALAB 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 Cogniac, Inspekto, Beijing Achu Technology, EthonAI and STEMMER IMAGING, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| cogniac.ai | 2015 | San Jose, United States | $45.79M | 37 | AI-based platform is utilized for managing visual operations in businesses. | |
| inspekto.com | 2017 | Tel Aviv, Israel | $10M | – | Autonomous machine vision systems for quality inspection are provided. | |
| aqrose.com | 2017 | Haidian, China | $29.45M | – | Industrial AI vision software and hardware solutions are provided. | |
| ethon.ai | 2021 | Switzerland | $23.43M | – | Diversified AI services are provided by Ethon from Switzerland. | |
| stemmer-imaging.com | 1987 | Munich, Germany | – | 327 | Machine vision technology is supplied for science and industrial uses. | |
| headwallphotonics.com | 2003 | Fitchburg, United States | – | 71 | Remote-sensing and machine vision solutions for industrial inspections are provided. | |
| jidoka-tech.ai | 2018 | Chennai, India | $1.22M | 42 | Autonomous AI vision solutions are provided for inspection and optimization. | |
| landing.ai | 2017 | Palo Alto, United States | $57M | 28 | AI-based platform for identifying defects |
Detailed competitors of SUALAB
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Latest news on Sualab
Complete news archive for SUALAB
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Similar companies to SUALAB
10 companies that operate in the same segment as SUALAB (Computer Vision & Imaging AI), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
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Provider of AI-based drone surveillance solutions for defense and maritime sector | 2017 | Orange, California, United States | USD 11.29 B | – | 2,193 | |
Provider of SDK for smart data capture from barcodes, files, and IDs | 2009 | Zurich, Switzerland | USD 273.1 M | – | – | |
Cloud-based analytics solutions for retail shelf management are delivered. | 2010 | Singapore, Singapore | USD 1.03 B | – | – | |
Facial recognition and AI video analysis solutions are provided. | 2011 | Beijing, China | USD 1.98 B | – | – | |
Robotic equipment for automating weeding on vegetable farms is developed. | 2016 | San Francisco, California, United States | USD 139.96 M | – | 73 | |
AI-driven image recognition for emotion and activity analysis is provided. | – | Boston, Massachusetts, United States | USD 59.7 M | – | 40 | |
AI-driven dashcams and road safety solutions are provided for drivers. | 2015 | Tel Aviv, Israel | USD 149.5 M | – | – | |
Autonomous drones, software, and accessories are manufactured for various sectors. | 2014 | San Mateo, California, United States | USD 825 M | – | 723 |
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Frequently Asked Questions about SUALAB
SUALAB was founded in 2013 and raised its 1st funding round 3 years after it was founded.
SUALAB is headquartered in Seoul, South Korea.
Eric Eungjin Moon is the current CEO of SUALAB.
SUALAB is a funded company, having raised a total of $23.7M across 3 funding rounds to date.
SUALAB was founded in 2013 in Seoul, South Korea. AI-based machine inspection solutions are delivered to sectors such as electronics, automotive, chemical, and food beverages. Operations center on SuaKIT, a deep learning machine vision software that enables segmentation, classification, detection, single image analysis, image comparison, multi-image analysis, and one class learning. Clients including Samsung, LG, Hanwha, Posco, and KAC are supported.
SUALAB's top competitors include Jidoka, Headwall Photonics and Cogniac.
SUALAB has 8 investors. Key investors include Cognex, Samsung Venture Investment, Stonebridge Capital, DS Asset, and InterVest.
Yes. SUALAB was acquired by Cognex in October 2019.