lululab, a member company of Born2Global Centre, has successfully attracted Series B funding from Netmarble, Korea's leading game developer, as well as from other companies.

 

In addition to Netmarble, the firms L&C Bio, Global Medical Research Center, and CTK Investment are participating in this Series B funding, the amount of which has not been disclosed.

 

Netmarble has financially supported various venture-backed AI companies. Through such collaboration, lululab will synergize with Netmarble's AI technology while continuing to cooperation with Netmarble's affiliate company Coway in the home wellness appliance industry. In addition, lululab has been expanding its business, signing an MOU in October with co-investor L&C Bio for the development of a new platform.

 

lululab has developed the AI skincare assistant LUMINI, which scans users' faces, analyzes skin conditions, and recommends skincare products tailored to specific skin profiles within 10 seconds. Recently the company launched the LUMINI Kiosk, a smart mirror that provides customized skincare services. As the first of its kind in the beauty industry, it employs AI technology based on multinational and multiracial skin data to analyze the skin and provide recommend products that are optimized for individual skin needs.

 

Yongjoon Choe, CEO of lululab, said, "We will accelerate the distribution of AI-based, contact-free beauty solutions," he added. "With this investment, we plan to expand our business in the skin analysis and beauty sectors and to evolve into a provider of solutions for skin-related conditions and diseases.

 

lululab is being recognized internationally for its value in bringing the use of actual skin data to the beauty industry. As a consequence, it was named the CES Innovation Awards Honoree for two consecutive years in 2019 and 2020, as well as the winner of the LVMH Innovation Awards by the French multinational conglomerate LVMH.




The AI beauty startup, lululab, will be launching its AI skincare assistant "LUMINI" at Beautyworld Middle East, the largest beauty expo in the Middle East, which will be held in Dubai from April 15 to 17 (Booth: C2A08).


The Beauty AI startup, lululab, to unveil the LUMINI, designed for the Middle Eastern market, at Beautyworld Middle East

 

lululab, a spin-off company of C-Lab, Samsung Electronics' in-house venture program and a member company of the Born2Global Centre, has developed the LUMINI, an AI-based skincare assistant that provides customers with individually tailored skincare solutions. lululab is already being recognized in the beauty industry. The company received the Innovation Award at CES 2019 and was named the winner of the skincare category at Cosmoprof Asia 2018.

 

The LUMINI offers a three-step service (face scanning, skin analysis, and product recommendation) using AI technology independently developed by lululab. It is comprised of a small device that scans the face of the user and a mobile application that shows the user the analysis results and suggests customized solutions. Based on AI technology, it scans and analyzes the condition of a person's skin within 10 seconds. Using the results of this diagnosis, the LUMINI is then able to recommend the cosmetic products that can best meet the individual's skincare needs.

 

At Beautyworld Middle East, lululab will host a K-beauty product recommending event for visitors to the company's booth.

 

lululab CEO Yongjoon Choe said, "By applying the LUMINI to the global beauty industry, we hope to offer customers who visit makeup stores, shopping malls, spas, and other beauty-related facilities accurate skin analyses and individually-tailored services that can be used anytime, anyplace. Today's consumers are smart; they do their research online and they are the final decision makers. We give them the digital tool to strengthen their confidence and ease their final decision on what products to buy. Through continued collaborations with beauty companies and companies representing diverse sectors, including distribution and IT, we hope to provide individualized IT services that can be easily used by as many people as possible."

 

Based on this year's product launch, lululab aims to increase exports and strengthen ties with K-beauty brands in the Middle Eastern beauty market.

 

For more detailed information on lululab, visit http://www.lulu-lab.com/en/.

 

 

lululab, a spin-off company of C-Lab, Samsung Electronics' in-house venture program and a member company of Born2Global Centre, developed the AI skincare assistant LUMINI." data-reactid="24" style="margin: 0px 0px 1em; color: rgb(38, 40, 42); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 15px; font-variant-ligatures: normal; orphans: 2; widows: 2; background-color: rgb(255, 255, 255); line-height: 1.5;">lululab, a spin-off company of C-Lab, Samsung Electronics' in-house venture program and a member company of Born2Global Centre, developed the AI skincare assistant LUMINI.

lululab, a spin-off company of C-Lab, Samsung Electronics' in-house venture program and a member company of Born2Global Centre, developed the AI skincare assistant LUMINI." data-reactid="24" style="margin: 0px 0px 1em; color: rgb(38, 40, 42); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 15px; font-variant-ligatures: normal; orphans: 2; widows: 2; background-color: rgb(255, 255, 255); line-height: 1.5;">LUMINI, which will be shown at IECSC New York, scans and analyzes a person's facial skin in under 10 seconds and uses the results of its analysis to recommend the beauty products best suited for the condition of the user's skin.

lululab, a spin-off company of C-Lab, Samsung Electronics' in-house venture program and a member company of Born2Global Centre, developed the AI skincare assistant LUMINI." data-reactid="24" style="margin: 0px 0px 1em; color: rgb(38, 40, 42); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 15px; font-variant-ligatures: normal; orphans: 2; widows: 2; background-color: rgb(255, 255, 255); line-height: 1.5;">IECSC New York attendees and media can demo its customized spa and salon solution LUMINI, 3-step advanced skin care process: AI skin analysis and recommendation of appropriate treatments, curating skin care products for at-home aftercare, and share the skin data history and the next treatment schedule by mobile app.

lululab, a spin-off company of C-Lab, Samsung Electronics' in-house venture program and a member company of Born2Global Centre, developed the AI skincare assistant LUMINI." data-reactid="24" style="margin: 0px 0px 1em; color: rgb(38, 40, 42); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 15px; font-variant-ligatures: normal; orphans: 2; widows: 2; background-color: rgb(255, 255, 255); line-height: 1.5; text-align: center;">

lululab, a spin-off company of C-Lab, Samsung Electronics' in-house venture program and a member company of Born2Global Centre, developed the AI skincare assistant LUMINI." data-reactid="24" style="margin: 0px 0px 1em; color: rgb(38, 40, 42); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 15px; font-variant-ligatures: normal; orphans: 2; widows: 2; background-color: rgb(255, 255, 255); line-height: 1.5;">

 collaboration with famous K-beauty brands, it will recommend K-beauty products that best meet the specific needs of users based on its analyzed skin data. With this solution and service, lululab will establish a foothold for expanding its solution in the global market." data-reactid="27" style="margin: 0px 0px 1em; color: rgb(38, 40, 42); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 15px; font-variant-ligatures: normal; orphans: 2; widows: 2; background-color: rgb(255, 255, 255); line-height: 1.5;">lululab will also introduce its AI-based K-beauty curation service. Through collaborationwith famous K-beauty brands, it will recommend K-beauty products that best meet the specific needs of users based on its analyzed skin data. With this solution and service, lululab will establish a foothold for expanding its solution in the global market.

LUMINI can now help people to get the personalized services based on objective data," said Yongjoon Choe, CEO of lululab. "By collecting big data on skin types related to ethnic origin and environment, we aim to transform LUMINI into an AI solution that recommends not only skin care products but customized lifestyles and foods for all kinds of users."" data-reactid="28" style="margin: 0px 0px 1em; color: rgb(38, 40, 42); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 15px; font-variant-ligatures: normal; orphans: 2; widows: 2; background-color: rgb(255, 255, 255); line-height: 1.5;">"If you had to rely on the personal capabilities and experience of skin care professionals in the past, LUMINI can now help people to get the personalized services based on objective data," said Yongjoon Choe, CEO of lululab. "By collecting big data on skin types related to ethnic origin and environment, we aim to transform LUMINI into an AI solution that recommends not only skin care products but customized lifestyles and foods for all kinds of users."

Yongjoon Choe will present about "How AI and Big Data Technologies Are Innovating the Beauty Industry" and the vision of lululab at the DIGITALDIGITAL INNOVATION TO CREATE THE FUTURE OF BEAUTY conference in COSMOPROF Bologna 2019." data-reactid="29" style="margin: 0px 0px 1em; color: rgb(38, 40, 42); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 15px; font-variant-ligatures: normal; orphans: 2; widows: 2; background-color: rgb(255, 255, 255); line-height: 1.5;">In addition, CEO Yongjoon Choe will present about "How AI and Big Data Technologies Are Innovating the Beauty Industry" and the vision of lululab at the DIGITALDIGITAL INNOVATION TO CREATE THE FUTURE OF BEAUTY conference in COSMOPROF Bologna 2019.

 

http://www.lulu-lab.com/en/." data-reactid="30" style="margin: 0px 0px 1em; color: rgb(38, 40, 42); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 15px; font-variant-ligatures: normal; orphans: 2; widows: 2; background-color: rgb(255, 255, 255); line-height: 1.5;">For more information, please visit http://www.lulu-lab.com/en/.

lululab, a member company of the K-ICT Born2Global Centre, has developed LUMINI, an AI-based skincare assistant consisting of a handheld scanning device and AI technology software.

lululab, a member company of the K-ICT Born2Global Centre, was selected as one of the "Winners of Cosmoprof Awards Asia" at COSMOPROF ASIA 2018, which was held in Hong Kong from Nov. 14-16.

The world's largest annual beauty fair, Cosmoprof has been held in Bologna (Italy), Las Vegas (United States), and Hong Kong. The Cosmoprof Awards are given to the best beauty products in each field that excel in terms of innovation, marketability, marketing influence, and brand power.

The grand prize winner in the skincare category, lululab's LUMINI is an artificial intelligence (AI) skincare assistant that analyzes the entire facial complexion in a snap and recommends specific skincare products for each user. It consists of a handheld scanning device and AI technology software, takes only 10 seconds to diagnose the skin and is highly accurate. LUMINI can also create skin big data through helping people understand their skin conditions and track changes, while providing data-based personalized solutions.

In particular, the Korean startup was acclaimed for adopting "data-based IT skincare technology," allowing it to offer customized beauty services that are easily accessible, which has been one of the most prominent trends in the beauty industry in recent years.

An official of the host of Cosmoprof Asia said that LUMINI is the first IT product to win the grand prize in the skincare category, which usually goes to a cosmetic product.

CEO Yongjoon Choe of lululab said, "This win shows that the trend of the beauty industry is evolving. We plan to collaborate with beauty companies around the world to make more customized, data-based IT services accessible to even more consumers."

lululab started as a spin-off of C-Lab, the in-house venture company program of Samsung Electronics. CES 2019, the world's largest consumer electronics fair, selected lululab as the "Innovation Honoree" in the Fitness, Sports and Biotech category. The company plans to accelerate its entry into the North American market by presenting LUMINI at the fair that will be held in Las Vegas next January.

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