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
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Sectors
TechnologyIndustrial Goods & Manufacturing
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Email
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Phone
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Website
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Social
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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 Total Funding
- Total Rounds 3
- Last Round Series C — $16.2M
- First Round First Round
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2019 | Amount | Series C - SUALAB | Valuation | DS , InterVest | |
| Oct, 2017 | Amount | Series B - SUALAB | Valuation | Samsung Venture Investment , KT Investment | |
| Jun, 2016 | Amount | Series A - SUALAB | Valuation | Stonebridge Capital |
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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 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. 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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Early-stage tech and life sciences focused VC & PE firm
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Founded Year | Domain | Location | |
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Early-stage venture capital is provided by Korean firm InterVest.
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Founded Year | Domain | Location | |
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Tech startups are funded through venture capital by Intops Investment.
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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 SUALAB
| 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 - SUALAB
| 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 |
Sualab Comparisons
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. 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-based platform is utilized for managing visual operations in businesses.
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| domain | founded_year | HQ Location |
Autonomous machine vision systems for quality inspection are provided.
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| domain | founded_year | HQ Location |
Industrial AI vision software and hardware solutions are provided.
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| domain | founded_year | HQ Location |
Diversified AI services are provided by Ethon from Switzerland.
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| domain | founded_year | HQ Location |
Machine vision technology is supplied for science and industrial uses.
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| domain | founded_year | HQ Location |
Remote-sensing and machine vision solutions for industrial inspections are provided.
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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 Sualab
Frequently Asked Questions about SUALAB
When was SUALAB founded?
SUALAB was founded in 2013 and raised its 1st funding round 3 years after it was founded.
Where is SUALAB located?
SUALAB is headquartered in Seoul, South Korea.
Who is the current CEO of SUALAB?
Eric Eungjin Moon is the current CEO of SUALAB.
Is SUALAB a funded company?
SUALAB is a funded company, having raised a total of $23.7M across 3 funding rounds to date.
What does SUALAB do?
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.
Who are the top competitors of SUALAB?
SUALAB's top competitors include Jidoka, Headwall Photonics and Cogniac.
Who are SUALAB's investors?
SUALAB has 8 investors. Key investors include Cognex, Samsung Venture Investment, Stonebridge Capital, DS Asset, and InterVest.
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