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ABLE Labs raises $8.7M in Series A funding led by Innopolis Partners to expand its laboratory automation robotics into self-driving labs and AI data infrastructure.

PRIVATEAug 31, 20268 days ago

Amount Raised

$8.7 Million

Round Type

Series A

South KoreaBiotechnologyArtificial IntelligenceRobotics

Investors

Nau Ib CapitalFutureplayMagna InvestmentHorizon InvestmentCapstone PartnersIndustrial Bank Of KoreaInnopolis Partners

Description

ABLE Labs, a South Korean startup specializing in laboratory automation robotics, has raised approximately $8.7 million in Series A funding. The round was led by Innopolis Partners, with participation from multiple investors. The funding will help expand their offerings and generate AI training data through self-driving laboratories. The company has secured significant automation projects across several industries and is actively collaborating with major institutions.

Company Information

Company

ABLE Labs

Location

South Korea

About

ABLE Labs is a South Korean startup specializing in laboratory automation robotics. The company focuses on expanding its offerings from liquid-handling robotics to self-driving laboratories, aiming to build infrastructure for generating experimental data to train AI models. ABLE Labs has secured various automation projects across multiple industries, including semiconductors, chemicals, cosmetics, and secondary batteries. It has also collaborated with prominent institutions like Johns Hopkins University to develop advanced platforms.

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Funding Insights

Based on industry data
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months
Monthly burn rate benchmark
47% of Series A startups spend $400k or more per month on operations
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

ABLE Labs raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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