# ELROILAB

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

- Industry: IT Infrastructure
- Headquarters: Seoul, South Korea
- Website: www.elroilab.com/
- Total disclosed funding: $5.5M
- Latest round: Series A (Jan 27, 2025)
- Investors on record: 11

## About

Based in Seoul, South Korea, and founded in 2020, ELROILAB is researching and developing solutions that detect defects and foreign substances that occur during the manufacturing process using artificial intelligence and control manufacturing machines and industrial robots using reinforcement learning. In January 2025, ELROILAB raised KRW 2.5 billion in series A funding from NH Bank, NH Investment & Securities, and Krossroad Partners.

The company develops a technology that can be applied not only in the food manufacturing market but also in recycling, construction, and textile waste classification, and furthermore, it can be applied to various fields such as thin film and thickness inspection, display inspection, packaging sealing inspection, and pharmaceutical problem detection. The company will use the January 2025 funding to speed up the advancement of its technology and further expand its business.

## Funding rounds

- Series A, Jan 27, 2025, $1.8M — NH Bank, NH Investment & Securities, Krossroad Partners
- Series A, Jan 24, 2024, $3.7M — WOORI Venture Partners, Shinhan Capital, Magna Investment, Etri Holdings, Korea Biotech Investment Capital, Bilanx Investment
- Seed, Oct 28, 2021 — SparkLabs Accelerator, Korea Science & Technology Holdings

## Investors

- SparkLabs Accelerator (https://capitalatlas.ai/funds/sparklabs-accelerator) — Seed
- Korea Science & Technology Holdings — Seed
- WOORI Venture Partners (https://capitalatlas.ai/funds/woori-venture-partners) — Series A
- Shinhan Capital (https://capitalatlas.ai/funds/shinhan-capital) — Series A
- Magna Investment (https://capitalatlas.ai/funds/magna-investment) — Series A
- Etri Holdings — Series A
- Korea Biotech Investment Capital — Series A
- Bilanx Investment (https://capitalatlas.ai/funds/bilanx-investment) — Series A
- NH Bank — Series A
- NH Investment & Securities (https://capitalatlas.ai/funds/nh-investment-securities) — Series A
- Krossroad Partners (https://capitalatlas.ai/funds/krossroad-partners) — Series A