# Crypto Lab

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/crypto-lab

- Industry: Software
- Headquarters: Seoul, South Korea
- Website: www.cryptolab.co.kr
- Total disclosed funding: $20M
- Latest round: Series A (Jul 5, 2022)
- Investors on record: 6

## About

Founded in 2017, and based in Seoul, South Korea, Crypto Lab Inc., dba Heaan Crytolab, operates as a data processing company focusing on homomorphic encryption making use of AI technology to provide data protection services for its clients. In July 2022, Crypto Lab Inc. raised KRW 21 billion in Series A funding from Stonebridge Ventures, Kiwoom Investment, and Altos Ventures. Jeong-hee Cheon is the founder and CEO of the company.

The company provides HEaaN, a private AI that can fundamentally solve the problem of data leakage caused by hacking and insiders, as well as discover the new value of data through data collaboration between various organizations and companies. The firm also offers Homomorphic encryption, a technology that processes data using various operations such as addition and multiplication in an encrypted state, and PQC (Post Quantum Cryptography) technologies. 

The organization plans to use the July 2022 funding to make advancements in homomorphic encryption and homomorphic math library.

## Funding rounds

- Series A, Jul 5, 2022, $16M — Altos Ventures, Kiwoom Investment, Stonebridge Ventures
- Series A, Aug 1, 2021, $3.5M — SJ Investment Partners, SOLiD, LG Uplus

## Investors

- SJ Investment Partners (https://capitalatlas.ai/funds/sj-investment-partners) — Series A
- SOLiD — Series A
- LG Uplus — Series A
- Altos Ventures (https://capitalatlas.ai/funds/altos-ventures) — Series A
- Kiwoom Investment (https://capitalatlas.ai/funds/kiwoom-investment) — Series A
- Stonebridge Ventures — Series A