Click here to close now.



Welcome!

Agile Computing Authors: Elizabeth White, Liz McMillan, Sanjay Zalavadia, Xenia von Wedel, Dana Gardner

News Feed Item

SparkLabs, a Startup Accelerator in Korea, Selects Its First Class and Adds Ray Ozzie and Michael Crow as Advisors

Ray Ozzie, CEO of Talko and Former Chief Software Architect at Microsoft, and Michael Crow, President of Arizona State University and Chairman of In-Q-Tel, Join SparkLabs' Honorary Advisory Board

SEOUL, SOUTH KOREA -- (Marketwire) -- 11/26/12 -- SparkLabs (www.sparklabs.co.kr), a new startup accelerator in Korea, has selected its first class of startup companies. The companies range from big data to edtech to online gaming, and from bootstrapped financing to those who raised a Series A round.

"We're excited about our first class. The overall quality of the applicants was amazing. Most of the final selection pool were further along than we expected. Many already closed investment rounds of $500,000 to over $1 million and several had revenues of $1 million or greater, but all of them apply because they were looking to expand their businesses outside of Korea," explained Bernard Moon, co-founder of SparkLabs.

Additionally, SparkLabs added two new members of their honorary advisory board: Ray Ozzie and Michael Crow. Ray Ozzie is co-founder & CEO of Talko, a startup focused on a new generation of mobile communications apps and services. Previously, he was Chief Software Architect of Microsoft, the company's most senior technical strategy & architecture role previously held by Bill Gates. Michael Crow is President of Arizona State University where he's guiding their transformation into one of the nation's leading public metropolitan research universities. Dr. Crow is also Chairman of In-Q-Tel, the CIA's venture capital arm, and was the founding director of the Earth Institute at Columbia University.

SparkLabs' accelerator program launches December 5, 2012 in Seoul, Korea. The first class is the following:

NFLabs (Big Data)
Funding: $500,000

NFLabs is the leading big data platform developer in Asia. Their product, Peloton, provides a full end-to-end solution to store, manage, process, and analyze massive amounts of data. NFLabs combine the power of Hadoop with a distributed, real-time search technology, enterprise grade connectors, and wrap it in an easy to use interface, to provide a true plug-and-play big data solution. The company secured partnerships with Hyosung Information Systems (Korea) and Hortonworks (U.S.).

KnowRe (EdTech)
Funding: $400,000

KnowRe is an educational technology company that develops an adaptive learning solution focused on providing a personalized learning experience for each student. KnowRe's engine provides an accurate assessment of a student's strengths and weaknesses and offers a personalized curriculum tailored to each individual's learning needs, all in an engaging user experience.

Ablar Company/Bulletin (Incubation Company)
Funding: $3 million

The ABLAR Company seeks to "innovate the offline world through technology" and build great products with a core team of talented engineers. The founder of the ABLAR Company, Jungseok Roh, was also a founder of Tatter&Company which was the only startup that was acquired by Google Korea.

ABLAR has launched various mobile applications, such as 'Reservation King, Poing,' which is a mobile application that enables people to make reservations at 30,000 restaurants in Korea, and 'Bulletin,' which is a social mobile Craigslist. The ABLAR Company plans to release two more products in this year.

Merrywind (Online Gaming)
Funding: $400,000

Merrywind is an online gaming studio whose first product was a Facebook game called Hotel Casino. The company's core team is from Nexon, the leading online gaming company in Korea.

WePlanet (Mobile Social Service)
Funding: bootstrapped

WePlanet has a mobile social service focused on tracking life activities through icon-based check-ins and providing aggregated information through infographics.

Memebox (E-commerce/Beauty Products)
Funding: $200,000 (self-funded)

Memebox ("me-me box") became the leading beauty subscription commerce company after 2 months of launching in February 2012, overtaking Glossybox (Rocket Internet), which was in operation for 9 months. After becoming No.1 in beauty subscription commerce service, Memebox expanded into e-commerce in August 2012 signing up 140 beauty brands. In 2013, Memebox is focused in building out their mobile presence and targeting other markets in Asia.

About SparkLabs
SparkLabs is a startup accelerator founded by entrepreneurs for entrepreneurs in South Korea. The focus will be on startup companies from the Internet, online gaming, mobile, ecommerce and digital media sectors. The mentorship-driven program will be three months in length and provides funding, office space, a structure program and access to a top-tier network of entrepreneurs, venture capitalists, angel investors and executives. SparkLabs seeks to contribute to and help develop South Korea's startup ecosystem. For more information, please visit www.sparklabs.co.kr

Add to Digg Bookmark with del.icio.us Add to Newsvine

Contact:
Bernard Moon
Co-founder
+1-650-454-5244
Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@ThingsExpo Stories
"delaPlex is a software development company. We do team-based outsourcing development," explained Mark Rivers, COO and Co-founder of delaPlex Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
IoT is rapidly changing the way enterprises are using data to improve business decision-making. In order to derive business value, organizations must unlock insights from the data gathered and then act on these. In their session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, and Peter Shashkin, Head of Development Department at EastBanc Technologies, discussed how one organization leveraged IoT, cloud technology and data analysis to improve customer experiences and effi...
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discussed how businesses can gain an edge over competitors by empowering consumers to take control through IoT. He cited examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He also highlighted how IoT can revitalize and restore outdated business models, making them profitable ...
There are several IoTs: the Industrial Internet, Consumer Wearables, Wearables and Healthcare, Supply Chains, and the movement toward Smart Grids, Cities, Regions, and Nations. There are competing communications standards every step of the way, a bewildering array of sensors and devices, and an entire world of competing data analytics platforms. To some this appears to be chaos. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, Bradley Holt, Developer Advocate a...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, wh...
Machine Learning helps make complex systems more efficient. By applying advanced Machine Learning techniques such as Cognitive Fingerprinting, wind project operators can utilize these tools to learn from collected data, detect regular patterns, and optimize their own operations. In his session at 18th Cloud Expo, Stuart Gillen, Director of Business Development at SparkCognition, discussed how research has demonstrated the value of Machine Learning in delivering next generation analytics to imp...
The cloud market growth today is largely in public clouds. While there is a lot of spend in IT departments in virtualization, these aren’t yet translating into a true “cloud” experience within the enterprise. What is stopping the growth of the “private cloud” market? In his general session at 18th Cloud Expo, Nara Rajagopalan, CEO of Accelerite, explored the challenges in deploying, managing, and getting adoption for a private cloud within an enterprise. What are the key differences between wh...
Connected devices and the industrial internet are growing exponentially every year with Cisco expecting 50 billion devices to be in operation by 2020. In this period of growth, location-based insights are becoming invaluable to many businesses as they adopt new connected technologies. Knowing when and where these devices connect from is critical for a number of scenarios in supply chain management, disaster management, emergency response, M2M, location marketing and more. In his session at @Th...
Basho Technologies has announced the latest release of Basho Riak TS, version 1.3. Riak TS is an enterprise-grade NoSQL database optimized for Internet of Things (IoT). The open source version enables developers to download the software for free and use it in production as well as make contributions to the code and develop applications around Riak TS. Enhancements to Riak TS make it quick, easy and cost-effective to spin up an instance to test new ideas and build IoT applications. In addition to...
When people aren’t talking about VMs and containers, they’re talking about serverless architecture. Serverless is about no maintenance. It means you are not worried about low-level infrastructural and operational details. An event-driven serverless platform is a great use case for IoT. In his session at @ThingsExpo, Animesh Singh, an STSM and Lead for IBM Cloud Platform and Infrastructure, will detail how to build a distributed serverless, polyglot, microservices framework using open source tec...
Apixio Inc. has raised $19.3 million in Series D venture capital funding led by SSM Partners with participation from First Analysis, Bain Capital Ventures and Apixio’s largest angel investor. Apixio will dedicate the proceeds toward advancing and scaling products powered by its cognitive computing platform, further enabling insights for optimal patient care. The Series D funding comes as Apixio experiences strong momentum and increasing demand for its HCC Profiler solution, which mines unstruc...
IoT offers a value of almost $4 trillion to the manufacturing industry through platforms that can improve margins, optimize operations & drive high performance work teams. By using IoT technologies as a foundation, manufacturing customers are integrating worker safety with manufacturing systems, driving deep collaboration and utilizing analytics to exponentially increased per-unit margins. However, as Benoit Lheureux, the VP for Research at Gartner points out, “IoT project implementers often ...
It is one thing to build single industrial IoT applications, but what will it take to build the Smart Cities and truly society changing applications of the future? The technology won’t be the problem, it will be the number of parties that need to work together and be aligned in their motivation to succeed. In his Day 2 Keynote at @ThingsExpo, Henrik Kenani Dahlgren, Portfolio Marketing Manager at Ericsson, discussed how to plan to cooperate, partner, and form lasting all-star teams to change t...
In his general session at 18th Cloud Expo, Lee Atchison, Principal Cloud Architect and Advocate at New Relic, discussed cloud as a ‘better data center’ and how it adds new capacity (faster) and improves application availability (redundancy). The cloud is a ‘Dynamic Tool for Dynamic Apps’ and resource allocation is an integral part of your application architecture, so use only the resources you need and allocate /de-allocate resources on the fly.
Presidio has received the 2015 EMC Partner Services Quality Award from EMC Corporation for achieving outstanding service excellence and customer satisfaction as measured by the EMC Partner Services Quality (PSQ) program. Presidio was also honored as the 2015 EMC Americas Marketing Excellence Partner of the Year and 2015 Mid-Market East Partner of the Year. The EMC PSQ program is a project-specific survey program designed for partners with Service Partner designations to solicit customer feedbac...
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life sett...
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
SYS-CON Events announced today that Bsquare has been named “Silver Sponsor” of SYS-CON's @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. For more than two decades, Bsquare has helped its customers extract business value from a broad array of physical assets by making them intelligent, connecting them, and using the data they generate to optimize business processes.
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
19th Cloud Expo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterpri...