Eloylab develops hyperspectral imaging–based deep learning AI solutions primarily used for foreign-object detection and quality control in food production lines. Its technology has been adopted by multiple food companies and is being further deployed with large food manufacturers. The company is also exploring adoption and partnerships in secondary batteries, pharmaceuticals, and recycling. Eloylab recently completed a Series A round (see deal notes) and its cumulative funding now stands at about ₩7.0 billion. SCI Evaluation Information assigned Eloylab a TI3 technology-credit rating, citing strong technical capability and future growth potential. The CEO stated the new funding will be used to optimize the hyperspectral AI solution and expand research capabilities to advance the company’s stated vision.

Total raised

$4M

Funding rounds

1

Latest round

Series A

Latest activity

Jan 2024