# DATABEAN

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

- Industry: Hardware
- Headquarters: Seoul, South Korea
- Latest round: Seed (Feb 28, 2023)
- Investors on record: 1

## About

Founded in 2016, and based in Seoul, South Korea, Databin Co., Ltd., dba DATABEAN, operates as a computer peripheral hardware manufacturing company that provides its clients with an immersion cooling system. In April 2023, Databean raised seed funding from investor Korea Tech Incubator for Startup, being selected for Accelerator Investment-Driven Tech Incubator Program. In July 2024, DATABEAN raised KRW 1.5 billion in venture funding from new investor Michang Oil Ind.

Databean offers an immersion cooling system for servers and equipment. The company provides 'SmartBox' a technology that uses an Immersion cooling method by placing a server inside a device containing a non-conductive liquid. The company plans to use the April 2023 funding to focus on developing a smart box mass production system with the goal of standardizing and upgrading immersion cooling solution technology.

The company plans to use the July 2024 funding to hire additional manpower and improve its products.

## Funding rounds

- Seed, Feb 28, 2023 — SparkLabs Accelerator

## Investors

- SparkLabs Accelerator (https://capitalatlas.ai/funds/sparklabs-accelerator) — Seed