# RECONLABS

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

- Industry: Software
- Headquarters: Seoul, South Korea
- Website: www.reconlabs.kr
- Total disclosed funding: $4.3M
- Latest round: Series A (May 3, 2022)
- Investors on record: 8

## About

Founded in 2019 and based in Seoul, South Korea, RECONLabs, creates a web service platform that allows online sellers to easily create augmented reality content. In May 2022, RECONLABS raised KRW 5.5 billion in series A funding from returning investors Kakao Ventures, LOTTE Ventures, NAVER D2 Startup Factory, and Shinhan Capital, and new investors HANWHA TECHWIN CO., LTD., Kakao Brain, and Korea Investment Partners. As of 2022, the company is led by its CEO, Seonghoon Ban.

The company offers a digital platform, plicAR, which is used to convert images and videos into 3-D models based on photogrammetry algorithms and view them in augmented reality (AR). The company uses artificial intelligence to develop models that can be integrated into e-commerce websites.

The company plans to launch PlicAR Enterprise, a service for companies for 3-D content management.

## Funding rounds

- Series A, May 3, 2022, $4.3M — Korea Investment Partners, Shinhan Capital, Kakao Ventures, Naver D2 Startup Factory, Lotte Ventures, HANWHA TECHWIN CO., LTD.
- Seed, Mar 1, 2021 — Bluepoint Partners, Korea Tech Incubator for Startup

## Investors

- Bluepoint Partners (https://capitalatlas.ai/funds/bluepoint-partners) — Seed
- Korea Tech Incubator for Startup — Seed
- Korea Investment Partners (https://capitalatlas.ai/funds/korea-investment-partners) — Series A
- Shinhan Capital (https://capitalatlas.ai/funds/shinhan-capital) — Series A
- Kakao Ventures (https://capitalatlas.ai/funds/kakao-ventures) — Series A
- Naver D2 Startup Factory (https://capitalatlas.ai/funds/naver-d2-startup-factory) — Series A
- Lotte Ventures (https://capitalatlas.ai/funds/lotte-ventures) — Series A
- HANWHA TECHWIN CO., LTD. — Series A