# Skelter Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/skelter-labs

- Industry: Software
- Headquarters: Seoul, South Korea
- Website: www.skelterlabs.com/
- Total disclosed funding: $29M
- Latest round: Series C (Oct 6, 2021)
- Investors on record: 16

## About

Skelter Labs Corp., headquartered in Seoul, South Korea, specializes in delivering advanced artificial intelligence solutions that leverage client data to enhance operational efficiency across various sectors.Founded in 2015 in Seoul, South Korea, Skelter Labs Corp. focuses on developing tailored AI solutions for enterprise clients. The company has successfully completed a number of transactions, with its latest funding round being a Series C that raised KRW 5,500.00 mn on July 22, 2024, led by investors including Colopl Next, Intops Investment, and Timefolio Asset Management. Ted Cho serves as the CEO of the company, which has established a strong presence through its innovative offerings.Skelter Labs specializes in purpose-driven artificial intelligence solutions, utilizing clients' data to deliver customized generative AI (Gen AI) solutions across various sectors. Their core offerings encompass the discovery of AI use cases, the development and deployment of tailored AI solutions, seamless integration with existing IT systems, and ongoing performance evaluation and maintenance. The company targets enterprise clients by identifying bottlenecks within their operations and fostering improvements in efficiency and return on investment through data-driven insights. Key sectors served include finance, healthcare, and customer service, with clients ranging from securities firms to public institutions, and their products are marketed in regions including Asia, North America, and Europe.The revenue structure of Skelter Labs is generated through B2B transactions, focusing on subscription-based models and direct partnerships with enterprise clients. Clients typically engage with the company for customized AI solutions that involve various packages tailored to specific business needs, such as AI agent development, real-time data integration, and comprehensive performance monitoring services. Revenue transactions include recurring fees for ongoing maintenance and support, as well as one-time payments for initial solution deployment, accommodating diverse enterprise needs while reflecting the complexity and value of the solutions provided.In July 2024, METANET T Platform Co., Ltd., a portfolio company of Affirma Capital, acquired Skelter Labs to enhance its product offerings and develop new services through their networks. This acquisition is expected to support Skelter Labs' plans for advancing product development while targeting new markets. The company aims to leverage the resources and capabilities of METANET T Platform to roll out innovative AI solutions, with expectations for releases to occur in upcoming quarters.

## Funding rounds

- Series C, Oct 6, 2021, $4.6M — Timefolio Asset Management, Colopl Next, Intops Investment
- Series B, Aug 11, 2020, $15M — Korea Investment & Securities, KDB Bank, KDB Capital, Kakao Ventures, BNK Venture Capital, LS Securities, Iloom, Stonebridge Ventures, MIRAKLE LAB, ATP Investment
- Series A, Nov 5, 2018 — Golden Gate Ventures, Kakao Ventures, Stonebridge Ventures, LOTTE Homeshopping
- Series A, Feb 5, 2018, $9.2M — Stonebridge Ventures, LOTTE Homeshopping
- Seed, Apr 12, 2017, $0.2M — Access Ventures

## Investors

- Access Ventures — Seed
- Stonebridge Ventures — Series A, Series B
- LOTTE Homeshopping — Series A
- Golden Gate Ventures (https://capitalatlas.ai/funds/golden-gate-ventures) — Series A
- Kakao Ventures (https://capitalatlas.ai/funds/kakao-ventures) — Series A, Series B
- Korea Investment & Securities (https://capitalatlas.ai/funds/korea-investment-securities) — Series B
- KDB Bank — Series B
- KDB Capital (https://capitalatlas.ai/funds/kdb-capital) — Series B
- BNK Venture Capital (https://capitalatlas.ai/funds/bnk-venture-capital) — Series B
- LS Securities — Series B
- Iloom — Series B
- MIRAKLE LAB — Series B
- ATP Investment — Series B
- Timefolio Asset Management — Series C
- Colopl Next (https://capitalatlas.ai/funds/colopl-next) — Series C
- Intops Investment (https://capitalatlas.ai/funds/intops-investment) — Series C