# Beat Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/beat

- Industry: Retail
- Headquarters: South Korea
- Website: www.beatcorp.io
- Total disclosed funding: $8.9M
- Latest round: Series B (Nov 28, 2023)
- Investors on record: 7

## About

Based in Gyeonggi-do, South Korea, and founded in 2016, Beat Corp operates as a retail automation company that develops robot-based coffee machines where the one who serves coffee is a robot. In January 2021, Beat Corp raised KRW 10 billion in series A funding from new investors Stonebridge Ventures, SL Investment, Industrial Bank of Korea, and Danal Co., Ltd. As of 2021, 100 robot cafe beats are currently operating and an average number of cups sold is more than 150000. As of 2020, the company is led by its CEO Ji Seong-won. 

The firm develops a mobile-based non-face-to-face unmanned cafe platform that serves coffee to its customers using technologies like artificial intelligence and robotics. The mobile application offered by the firm lets users buy their beverages by scanning them through the machine. The unmanned management system uses cameras. It offers customized services for its clients and the machines could be used in various commercial areas and at homes.

## Funding rounds

- Series B, Nov 28, 2023 — KB Investment, Shinhan Securities, KB Securities
- Series A, Jan 29, 2021, $8.9M — Industrial Bank of Korea, SL Investment, Stonebridge Ventures, Danal

## Investors

- Industrial Bank of Korea — Series A
- SL Investment (https://capitalatlas.ai/funds/sl-investment) — Series A
- Stonebridge Ventures — Series A
- Danal — Series A
- KB Investment (https://capitalatlas.ai/funds/kb-investment) — Series B
- Shinhan Securities (https://capitalatlas.ai/funds/shinhan-securities) — Series B
- KB Securities (https://capitalatlas.ai/funds/kb-securities) — Series B