ABC Labs
Digital platform for developing and growing arts-focused convergence education.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | KRW1.0b | Seed | |
| Total Funding | 000k | ||
ABC Labs, founded in June 2019 by CEO Park Jeong-hwan, is a global agricultural technology company specializing in smart farm solutions. Park, who has a background in computer science, has been involved in the smart farm sector since 2003, focusing on RFID/USN technology in agriculture. The company was established to address global food shortages caused by climate change by developing innovative smart farm technologies.
The core of their business is DATAPONIC, a smart factory solution for plant growth management that utilizes artificial intelligence and big data analytics. This system combines natural sunlight with artificial light sources, creating a hybrid model that optimizes the growing environment for various crops. By analyzing big data on plant growth, the system controls light exposure to increase yield and improve crop quality, reportedly boosting productivity by as much as 18-23% and profitability by at least 25%. It provides a comprehensive solution that includes analyzing cost-effectiveness and predicting market prices based on harvest times.
ABC Labs serves both business-to-business (B2B) and business-to-consumer (B2C) markets. Its primary B2B solution, DATAPONIC, is supplied to large-scale agricultural corporations and farms. For the consumer market, the company offers 'Plantto', a smart gardening platform. ABC Labs generates revenue by supplying its DATAPONIC LED systems and through data processing services, having secured multiple data voucher projects.
Since its inception, the company has achieved significant milestones, including securing ₩1 billion in investment from the Korea Credit Guarantee Fund (KODIT) in 2021 and another ₩1 billion from NH Investment & Securities in June 2024. ABC Labs is actively expanding globally, participating in international collaborations such as a joint R&D project with Canada and engaging with projects like Saudi Arabia's Neom City.
Keywords: agricultural technology, smart farm solutions, AI in agriculture, big data analytics, crop management, controlled environment agriculture, artificial light control, DATAPONIC, sustainable farming, food security, agtech, plant factory, agricultural data, B2B agriculture, horticulture technology, precision agriculture, farm productivity, plant growth solutions, hybrid lighting, indoor farming