Welcome!

AJAX & REA Authors: Liz McMillan, Elizabeth White, David H Deans, Pat Romanski, Scott Hirsch

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.

@CloudExpo Stories
Docker offers a new, lightweight approach to application portability. Applications are shipped using a common container format and managed with a high-level API. Their processes run within isolated namespaces that abstract the operating environment independently of the distribution, versions, network setup, and other details of this environment. This "containerization" has often been nicknamed "the new virtualization." But containers are more than lightweight virtual machines. Beyond their small...
The move in recent years to cloud computing services and architectures has added significant pace to the application development and deployment environment. When enterprise IT can spin up large computing instances in just minutes, developers can also design and deploy in small time frames that were unimaginable a few years ago. The consequent move toward lean, agile, and fast development leads to the need for the development and operations sides to work very closely together. Thus, DevOps become...
An entirely new security model is needed for the Internet of Things, or is it? Can we save some old and tested controls for this new and different environment? In his session at @ThingsExpo, New York's at the Javits Center, Davi Ottenheimer, EMC Senior Director of Trust, reviewed hands-on lessons with IoT devices and reveal a new risk balance you might not expect. Davi Ottenheimer, EMC Senior Director of Trust, has more than nineteen years' experience managing global security operations and asse...
The definition of IoT is not new, in fact it’s been around for over a decade. What has changed is the public's awareness that the technology we use on a daily basis has caught up on the vision of an always on, always connected world. If you look into the details of what comprises the IoT, you’ll see that it includes everything from cloud computing, Big Data analytics, “Things,” Web communication, applications, network, storage, etc. It is essentially including everything connected online from ha...
We are all here because we are sold on the transformative promise of The Cloud. But what good is all of this ephemeral, on-demand infrastructure if your usage doesn't actually improve the agility and speed of your business? How must Operations adapt in order to avoid stifling your Cloud initiative? In his session at DevOps Summit, Damon Edwards, co-founder and managing partner of the DTO Solutions, will highlight the successful organizational, process, and tooling patterns of high-performing c...
Cloud Expo 2014 TV commercials will feature @ThingsExpo, which was launched in June, 2014 at New York City's Javits Center as the largest 'Internet of Things' event in the world.
The major cloud platforms defy a simple, side-by-side analysis. Each of the major IaaS public-cloud platforms offers their own unique strengths and functionality. Options for on-site private cloud are diverse as well, and must be designed and deployed while taking existing legacy architecture and infrastructure into account. Then the reality is that most enterprises are embarking on a hybrid cloud strategy and programs. In this Power Panel at 15th Cloud Expo (http://www.CloudComputingExpo.com...
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at Internet of @ThingsExpo, James Kirkland, Chief Ar...
Leysin American School is an exclusive, private boarding school located in Leysin, Switzerland. Leysin selected an OpenStack-powered, private cloud as a service to manage multiple applications and provide development environments for students across the institution. Seeking to meet rigid data sovereignty and data integrity requirements while offering flexible, on-demand cloud resources to users, Leysin identified OpenStack as the clear choice to round out the school's cloud strategy. Additional...
The security devil is always in the details of the attack: the ones you've endured, the ones you prepare yourself to fend off, and the ones that, you fear, will catch you completely unaware and defenseless. The Internet of Things (IoT) is nothing if not an endless proliferation of details. It's the vision of a world in which continuous Internet connectivity and addressability is embedded into a growing range of human artifacts, into the natural world, and even into our smartphones, appliances, a...
Technology is enabling a new approach to collecting and using data. This approach, commonly referred to as the "Internet of Things" (IoT), enables businesses to use real-time data from all sorts of things including machines, devices and sensors to make better decisions, improve customer service, and lower the risk in the creation of new revenue opportunities. In his General Session at Internet of @ThingsExpo, Dave Wagstaff, Vice President and Chief Architect at BSQUARE Corporation, discuss the ...
"BSQUARE is in the business of selling software solutions for smart connected devices. It's obvious that IoT has moved from being a technology to being a fundamental part of business, and in the last 18 months people have said let's figure out how to do it and let's put some focus on it, " explained Dave Wagstaff, VP & Chief Architect, at BSQUARE Corporation, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
The 4th International DevOps Summit, co-located with16th International Cloud Expo – being held June 9-11, 2015, at the Javits Center in New York City, NY – announces that its Call for Papers is now open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's large...
Verizon Enterprise Solutions is simplifying the cloud-purchasing experience for its clients, with the launch of Verizon Cloud Marketplace, a key foundational component of the company's robust ecosystem of enterprise-class technologies. The online storefront will initially feature pre-built cloud-based services from AppDynamics, Hitachi Data Systems, Juniper Networks, PfSense and Tervela. Available globally to enterprises using Verizon Cloud, Verizon Cloud Marketplace provides a one-stop shop fo...
Software-driven innovation is becoming a primary approach to how businesses create and deliver new value to customers. A survey of 400 business and IT executives by the IBM Institute for Business Value showed businesses that are more effective at software delivery are also more profitable than their peers nearly 70 percent of the time (1). DevOps provides a way for businesses to remain competitive, applying lean and agile principles to software development to speed the delivery of software that ...

ARMONK, N.Y., Nov. 20, 2014 /PRNewswire/ --  IBM (NYSE: IBM) today announced that it is bringing a greater level of control, security and flexibility to cloud-based application development and delivery with a single-tenant version of Bluemix, IBM's

"Our premise is Docker is not enough. That's not a bad thing - we actually love Docker. At ActiveState all our products are based on open source technology and Docker is an up-and-coming piece of open source technology," explained Bart Copeland, President & CEO of ActiveState Software, in this SYS-CON.tv interview at DevOps Summit at Cloud Expo®, held Nov 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
DevOps Summit 2015 New York, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce software that is obsolete...
Infor has announced a new feature Infor CloudSuite™ Aerospace & Defense (A&D) to aid compliance with International Traffic in Arms Regulations (ITAR). The ITAR function will serve as a complementary function for new or existing Infor CloudSuite A&D customers, to facilitate compliance for Infor customers that are creating a US defense article or performing a US defense service and wish to benefit from cloud-services. The ITAR regulation serves to manage handling and access requirements for dat...
What do a firewall and a fortress have in common? They are no longer strong enough to protect the valuables housed inside. Like the walls of an old fortress, the cracks in the firewall are allowing the bad guys to slip in - unannounced and unnoticed. By the time these thieves get in, the damage is already done and the network is already compromised. Intellectual property is easily slipped out the back door leaving no trace of forced entry. If we want to reign in on these cybercriminals, it's hig...