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.

How many employees does SUALAB have?

As of Aug 31, 2026, the latest employee count at SUALAB is 11.

Is SUALAB a funded company?

SUALAB is a funded company, having raised a total of $23.7M across 3 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on 2016.

When was the latest funding round of SUALAB?

SUALAB's latest funding was a $***** Series C round on Apr 30, 2019, with participation from 5 investors. Its primary sector is Manufacturing Tech. In South Korea, the Manufacturing Tech sector has seen $116M in funding in 2026 to date.

Where does SUALAB rank among its competitors?

SUALAB ranks 19th amongst 249 active competitors, of which 51 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was SwitchOn, which secured $8M in Jul, 2026.

Who are the top competitors of SUALAB?

SUALAB's top competitors include SixSense, Assert AI and Eigen. Among them, SwitchOn secured the most recent funding round in July, 2026.

SUALAB - 2026 Company Profile, Team, Funding & Competitors

Q: Is SUALAB an acquired company?

SUALAB got acquired by Cognex on Oct 16, 2019.

Company Details

SUALAB provides AI-based machine inspection solutions for various manufacturing industries. It caters to industries such as electronics, automotive, chemical, and food & beverages. Its product offerings include SuaKIT which is a deep learning machine vision inspection software. Its functions include segmentation, classification, detection, single image analysis, image comparison, multi-image analysis, and one class learning. Samsung, LG, Hanwha, Posco, and KAC are part of its clientele.

Website: sualab.com
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Email ID: *****@sualab.com
Phone Number: +82 **********
Part Of

Key Metrics

Founded Year

2013

Location

Seoul, South Korea

Stage

Acquired

Total Funding

$23.7M in 3 rounds

Latest Funding Round

Series C, Apr 30, 2019, $*****

Investors

Samsung Venture Investment & 9 more

Ranked

19^th among 249 active competitors

Employee Count

11 as on Aug 31, 2026

Similar Companies

Augury & 681 more

Exit Details

Acquired by Cognex (Oct 16, 2019)

View SUALAB's full profile

SUALAB got acquired by Cognex on Oct 16, 2019 at an acquisition amount of $*****.

Click here to take a look at SUALAB's acquisition in detail

SUALAB has raised a total funding of $23.7M over 3 rounds. Its first funding round was on 2016. Its latest funding round was a Series C round on Apr 30, 2019 for $*****. 5 investors participated in its latest round. SUALAB has 10 institutional investors.

Here is the list of recent funding rounds of SUALAB:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 30, 2019	4373049	Series C	4224783	3537845	1024709	2722193
Oct 13, 2017	1039014	Series B	4722476	6813231	5663765	Stonebridge Capital & 1 more
2016	2640	Series A	7543	6475	Stonebridge Capital	9790

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View details of SUALAB's funding rounds and investors

The founders of SUALAB are Kwanwoo Yoon and Bora Lee. Eric Eungjin Moon is the CEO of SUALAB.

Here are the details of SUALAB's key team members:

Kwanwoo Yoon: Co-Founder & CTO of SUALAB.
Bora Lee: Co-Founder of SUALAB.
Eric Eungjin Moon: CEO of SUALAB.

View details of SUALAB's Founder profiles and Board Members

SUALAB's employee count trend

SUALAB has 11 employees as of Aug 26. Here is SUALAB's employee count trend over the years:

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Top competitors of SUALAB include SixSense, Assert AI and Eigen. Here is the list of Top 10 competitors of SUALAB, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	SixSense 2018, Singapore (Singapore), Series A	Developer of AI platform automating defect inspection for semiconductor manufacturing	$12M	Entrepreneurs First, Tin Men & 13 others	61/100
2nd	Assert AI 2018, Mumbai (India), Series A	Developer of computer vision software for real-time operational intelligence	$7.12M	Arya.ag, Avm Consulting & 11 others	56/100
3rd	Eigen 2012, Fredericton (Canada), Series A	Developer of artificial intelligence software for industrial thermal vision inspection	$13.3M	Globalive Capital, Canadian Space Agency ... & 10 others	54/100
4th	Headwall Photonics 2003, Fitchburg (United States), Acquired	Provider of hyperspectral imaging systems and sensors based industrial solutions	-	OSTI	54/100
5th	Zentron Labs 2012, Bengaluru (India), Series A	Provider of computer vision-based visual inspection systems	$5.26M	T&V Holdings, Zoho & 5 others	54/100
6th	SwitchOn 2017, Bengaluru (India), Series A	Developer of artificial intelligence software for automated visual quality inspection	$13.4M	Davar Holdings, IvyCap Ventures & 34 others	54/100
7th	Beijing Achu Technology 2017, Haidian (China), Series B	Provider of AI vision software, models, and turnkey industrial solutions	$29.5M	DCM Ventures, Xiang He Capital & 7 others	52/100
8th	Akridata 2018, San Antonio (United States), Acquired	Developer of artificial intelligence software for automated visual quality inspection	$20M	MFV Partners, Accel & 6 others	52/100
9th	Frinks AI 2020, Bengaluru (India), Seed	Provider of AI-powered solutions for manufacturing automation and quality inspection	$6.27M	Chiratae Ventures, Prime Venture Partners ... & 28 others	50/100
10th	Matroid 2016, Palo Alto (United States), Series B	Provider of a deep learning platform to deploy computer vision models	$33.5M	New Enterprise Associates, Energize Capital ... & 2 others	49/100
19th	SUALAB 2013, Seoul (South Korea), Acquired	AI-based machine inspection solutions provider	$23.7M	Samsung Venture Investment, SBVA & 8 others	44/100