COMPANY PROFILE

LOUNGE LAB

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Retail-tech enhancing user experience with AI technologies

Seoul, South KoreaFounded 2019Robotics

Valuation $50–100M Last recorded · 2022

Headcount <100 Current team size

Total funding $10–50M Disclosed equity funding

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About LOUNGE LAB

LOUNGE LAB is a retail-tech startup that works to innovate the user experience by applying sophisticated technologies like AI and machine learning. The company is led by CEO and Co-founder Sungjae (Jay) Hwang and CFO Byungjo Kim.

The firm operates in the retail technology sector, targeting clients who want to integrate advanced tech into their customer-facing processes. While specific products are not detailed, their focus is on leveraging cutting-edge technology to create enhanced and seamless retail experiences. The business model likely involves providing these technology solutions as a service to other businesses.

MoreLess Source: Dealroom company data

At a glance

Status: Operational
Founded: 2019
Headquarters: Seoul, South Korea
Employees: 26
Open positions: None listed
Dealroom signal: 85.6/100
Industry: Robotics
Sector: Robotics, Hard Tech, DT and LS, science-based
Technology: Deep Tech
Business model: Manufacturing
Client focus: b2b
Investment activity: 1 company, latest Jul 2022
Capital deployed: —
Preferred round: ACQUISITION
Links: Website LinkedIn

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Funding history

5 recorded events

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
SERIES A✓Equity / VC	Nov 2022	$12M	$49M	Undisclosed	—
SEEDEquity / VC	Feb 2022	$0	—	Series Ventures	↗

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Growth signals

LOUNGE LAB website traffic

Latest recorded traffic for LOUNGE LAB is 370 monthly website visits, up 27.6% over the last three months. LOUNGE LAB's team grew 4% over the past year.

Latest monthly visits370 3-month web change+27.6% 1-year team growth+4%

Monthly website visitsOct 2020–Dec 2024

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