Sualab
Company

Last deal

$15.94M
Local Amount - KRW 19B

Amount

Series C

Stage

04.10.2019

Date

3

all rounds

$24.74M

Total amount

date founded

Financing round

General

About Company
SUALAB is an AI-based smart factory system that automates industrial processes, replacing human labor with artificial intelligence.

Industry

Sector :

Subsector :

Keywords :

founded date

01.01.2013

Number of employees

Company Type

For Profit

Last funding type

Series C

IPO status

Private

Description

SUALAB's system uses AI-powered image analysis technology to provide unmanned automatic inspection and process optimization in industries such as textile, leather, and steel. Their deep learning-based machine vision solutions, including SuaKIT and Textile AI Solution, enable the manufacturing industry to replace human eye inspection with machine vision systems. By automating tasks traditionally done by individuals, SUALAB aims to increase the value of human time. Their software solves complex applications such as part location, assembly verification, defect detection, classification, and character reading.
Contacts

Social url

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M&A Details
1

Transaction name

Acquired by

Cognex

announced date

17.10.2019

Financials

Funding Rounds
5
3

Number of Funding Rounds

$24.74M

Money Raised

Their latest funding was raised on 04.10.2019. Their latest investor Stonebridge Capital. Their latest round Series C

Date 
Funding Round 
Investors 
Money Raised 
Lead 
04.10.2019
5
$15.94M
Local Amount - KRW 19B
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Investors
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Investor 
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Series B
No
Series B
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People

Founders
2
Kiyoung Song
Kiyoung Song

Kiyoung Song

Kiyoung Song was the Co-Founder and CEO of Sualab. He currently serves as the Senior Director of Engineering at Cognex.

current job

Cognex
Cognex

organization founded

1

Kiyoung Song

Yoon Kwanwoo
Yoon Kwanwoo

Yoon Kwanwoo

current job

Sualab
Sualab

organization founded

1

Yoon Kwanwoo

Employee Profiles
3
Kim Seongryong

Kim Seongryong

Vice President

Yoon Kwanwoo

Yoon Kwanwoo

CTO and Co-Founder

Activity

Recent News
0