Lillycover
Balanx is a skin data research lab that uses big data and algorithms to provide scientific analysis and create customized skincare solutions based on fresh and natural ingredients.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor | €0.0 | round | |
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
| N/A | €0.0 | round | |
KRW4.8b | Series A | ||
| Total Funding | 000k | ||
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Lillycover is a South Korean beauty-tech company that provides B2B solutions for personalized skincare. The company utilizes AI and IoT technology to offer a comprehensive system that includes data-driven skin diagnostics, formulation hardware, and AI-powered software.
Its core offering consists of a portable skin analysis device, the 'Muilli', which gathers data on an individual's skin condition. This data is then processed by an AI engine that recommends personalized cosmetic formulations. The company also provides the 'ENIMA Light', a compact, automated cosmetic dispensing system, or 'skincare robot', that creates these custom formulas on-demand. This business model targets other businesses, such as beauty retailers or clinics, enabling them to offer hyper-personalized skincare products and services to their own customers. The company's revenue is likely generated through the sale of its diagnostic and dispensing hardware, software licensing, and potentially the supply of base ingredients for the personalized cosmetics.
Keywords: personalized skincare, beauty tech, AI diagnostics, B2B solutions, cosmetic dispensing system, skin analysis, IoT device, data-driven beauty, formulation hardware, skincare robot