# Spacebank

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

- Industry: Software
- Headquarters: Seongnam-si, South Korea
- Website: www.spacebank.company/
- Latest round: Seed (Dec 1, 2024)
- Investors on record: 2

## About

Spacebank Inc., based in South Korea, provides innovative digital transformation solutions, enhancing operational efficiency across various sectors through advanced technologies like AIoT.Founded in 2018 in Seongnam, South Korea, Spacebank Inc. specializes in digital transformation solutions. The company has successfully completed 3 deals, with its most recent deal occurring on December 1, 2024, where it raised seed funding of KRW 300.0 mn from Korea Technology Finance Corporation. Spacebank has raised a total of KRW 300.0 mn across its funding rounds.Spacebank Inc. offers a suite of innovative solutions designed to transform operations within various industries through digitalization. Their core products include CloLab, a cloud laboratory solution for virtual lab operations, and DataHub, a robust data management platform. The Smart Integrated Control System utilizes AIoT technology for enhanced security and operational control, while RAIID provides businesses with a suite of digital transformation solutions. These offerings cater to clients in research, healthcare, and corporate sectors across North America, Europe, and parts of Asia, focusing on efficiency and data management.Spacebank Inc. generates revenue through structured subscription-based services and direct partnerships. Products like CloLab and DataHub are accessible via tiered subscription plans that allow businesses to select packages tailored to their operational needs. Clients typically engage in regular transactions with annual or monthly payment cycles, ensuring that pricing structures align with specific client requirements, thereby providing value to their investments.In December 2024, Spacebank Inc. secured seed funding to enhance its AIoT Wright control solution and accelerate its digital transformation efforts in both public and private sectors. The company aims to develop new products designed to further integrate AI technologies. Specific expansions into new markets are planned, although details on targeted regions have yet to be disclosed. The recent funding will be essential in supporting these strategic initiatives.

## Funding rounds

- Seed, Dec 1, 2024 — Korea Tech Incubator for Startup, Infobank

## Investors

- Korea Tech Incubator for Startup — Seed
- Infobank (https://capitalatlas.ai/funds/infobank) — Seed