# Clobot Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/clobot-co

- Industry: Software
- Headquarters: Seongnam, South Korea
- Website: www.clobot.co.kr
- Total disclosed funding: $11M
- Latest round: Series B (Feb 9, 2022)
- Investors on record: 11

## About

Based in South Korea, Clobot Co., Ltd is a provider of innovative autonomous driving software and robotics solutions aimed at optimizing operational efficiency in business environments.Clobot Co., Ltd, founded in 2017 and headquartered in Seongnam, South Korea, specializes in autonomous driving technologies. The company has engaged in 12 deals up until now, with its most recent deal occurring on October 28, 2024. Clobot successfully raised KRW 39 billion in a Pre-IPO round, with total funding amounting to KRW 11 billion. Notable investors include InterVest, Mirae Asset Securities, Shinhan Venture Investment, and ZER01NE Ventures.Clobot specializes in autonomous driving software and robotics solutions, primarily focusing on the development and deployment of service robots tailored for various business environments. Their flagship products include the general-purpose autonomous navigation software named Chameleon, which allows for the seamless operation of diverse mobile robots, and the Cloud Robot Management System (CROMS), a unique cloud-based platform for integrated management of multiple robot systems across different manufacturers and operating systems. Clobot's services are designed to enhance operational efficiency and improve customer interactions, exemplified by their collaborations with prominent clients such as Kia and Lotte, where their robots like Beati and Lota serve as guide and shopping assistants. The company primarily operates in the South Korean market, providing innovative solutions that cater to businesses looking to integrate robotics into their service offerings.Clobot’s revenue model is structured around providing specialized robotics solutions and services to businesses, primarily through B2B transactions. The company engages clients through partnership agreements that often include subscription-based services for its software offerings, such as CROMS, and direct sales of hardware components and support services for their robots. Typical transactions involve customized installations and ongoing management services, which are essential for maintaining optimal operational performance of the deployed robots. The cost structure varies based on the complexity of the services provided and the specific needs of the client, with significant emphasis on delivering tailored solutions that enhance business productivity. Through these strategic business relationships, Clobot aims to secure a steady revenue stream while expanding its footprint in the robotics sector.Clobot Co., Ltd plans to leverage its recent funding of KRW 39 billion raised during its IPO on the Korean Securities Dealers Automated Quotations (KOSDAQ) to accelerate the development of new products, including enhancements to its flagship software Chameleon. The company is also looking to expand into international markets, targeting regions in North America and Europe by 2025. This growth strategy is expected to facilitate a broader customer base and increase service integration opportunities across various industries. The funds will primarily support product innovation and market entry efforts, ensuring that Clobot remains competitive in the evolving robotics landscape.

## Funding rounds

- Series B, Feb 9, 2022, $8M — Shinhan Venture Investment, L&S Venture Capital, Premier Partners, Hyundai Motor Company, Honest Ventures, ZER01NE Ventures, Ernest Ventures
- Series A, Apr 18, 2019, $3.1M — Atinum Investment, Honest Ventures, Lotte Accelerator, Naver D2 Startup Factory, ZER01NE Ventures
- Seed, Jun 1, 2018 — Korea Tech Incubator for Startup, ZER01NE Ventures
- Seed, Mar 1, 2018, $0.1M — ZER01NE Ventures

## Investors

- ZER01NE Ventures (https://capitalatlas.ai/funds/zer01ne-ventures) — Seed, Series A, Series B
- Korea Tech Incubator for Startup — Seed
- Atinum Investment (https://capitalatlas.ai/funds/atinum-investment) — Series A
- Honest Ventures (https://capitalatlas.ai/funds/honest-ventures) — Series A, Series B
- Lotte Accelerator — Series A
- Naver D2 Startup Factory (https://capitalatlas.ai/funds/naver-d2-startup-factory) — Series A
- Shinhan Venture Investment (https://capitalatlas.ai/funds/shinhan-venture-investment) — Series B
- L&S Venture Capital (https://capitalatlas.ai/funds/l-s-venture-capital) — Series B
- Premier Partners (https://capitalatlas.ai/funds/premier-partners) — Series B
- Hyundai Motor Company — Series B
- Ernest Ventures — Series B