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Able Labs

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Year established

2021

Location

Incheon South Korea

Primary Industry

Biotechnology

About

Based in Incheon, South Korea, and founded in 2021, ABLE Labs operates as a bio-automated solutions provider that design, build, and operate cloud-based liquid handlers, allowing researchers to automate their experiments. Its clients range from academic laboratories to startups and pharmaceutical companies with the goal to provide easy-to-use robots for all biology-related research. In August 2022, ABLE Labs raised KRW 3 billion in pre-series A funding from returning investor FuturePlay, with participation from new investor Mirae Asset Venture Investment. The company provides automated bio experiments solutions based on robotics, data-driven, computation-based information technology such as a notable, pipette, module, and others applicable for liquid handling. Additionally, the firm provides specialized protocol production services that establish process requirements through virtual meetings and create an executable protocol within two weeks of Notable. The company intends to use the funds raised in August 2022 to focus on full-scale business expansion by securing 40 core personnel by the second half of this year and establishing a local corporation in the United States.
Current Investors
Mirae Asset Venture Investment, FuturePlay, WONIK Investment Partners

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Primary Industry
Biotechnology
Sub Industries
Biotechnology, Healthcare IT, Medical Devices & Equipment, Pharmaceutical Research & Development
Website
www.ablelabsinc.com
Verticals
Big Data, HealthTech, Manufacturing, Robotics
Company Stage
Early Stage
Total Amount Raised
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