Ecube Labs
Valuation
$8.1M
2024 Revenue
$8.5M
Customers
100
Funding
$0
Avg ACV
$85K
Team
52
Founded
2011
How Ecube Labs CEO Sean Gwon grew to $8.5M revenue and 100 customers in 2024.
Developer of a green technology designed to providing eco-friendly waste management services. The company's technology provides an integrated, IoT-based services that improve the efficiency of waste collection, reduce operational costs by eliminating unnecessary pick-ups, providing dynamic collection routes and schedules for a complete optimization of the collection operations and provide transparent and increased operational effectiveness in the waste collection chain, enabling cities and waste collection organizations to improve their waste management and collection.
Last updated
Ecube Labs Revenue
In 2024, Ecube Labs's revenue reached $8.5M. The company previously reported $2.7M in 2021. Since its launch in 2011, Ecube Labs has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | Ecube Labs Hit $8.5m revenue in June 2024 | |
| 2021 | Ecube Labs Hit $2.7m revenue in April 2021 | |
| 2011 | Launched with $0 revenue |
Ecube Labs Valuation, Funding Rounds
Ecube Labs's most recent disclosed valuation is $8.1M.
Ecube Labs is a bootstrapped IoT Platforms startup. Founded in 2011, Ecube Labs has grown to $8.5M in revenue without raising any venture capital or outside funding.
As a self-funded IoT Platforms SaaS company, Ecube Labs has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|
Founder / CEO
Sean Gwon
Gwon cofounded Ecube Labs, a waste management and logistics solution provider that uses smart sensors and big data to change the way everyday waste collection operations are managed. By using data, they can reduce collection frequency and costs by saving on fuel and labor, in some cases saving up to 80% on labor costs. Ecube has implemented its smart network in 21 cities worldwide including Seoul and three cities in Colombia, with the hope of bringing lower-cost devices to emerging markets.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
Ecube Labs serves 100 customers.
Ecube Labs Employees & Team Size
Ecube Labs employs approximately 52 people as of 2026, up from 32 in 2021, including 8 sales reps that carry a quota. It serves 100 customers that rely on its solutions.
| Year | Milestone |
|---|---|
| 2024 | Reached 52 employees (October 2024) |
| 2021 | Reached 32 employees (April 2021) |
Frequently Asked Questions about Ecube Labs
What is Ecube Labs's revenue?
Ecube Labs generates $8.5M in revenue.
Who founded Ecube Labs?
Ecube Labs was founded by Sean Gwon.
Who is the CEO of Ecube Labs?
The CEO of Ecube Labs is Sean Gwon.
How much funding does Ecube Labs have?
Ecube Labs raised $0.
How many employees does Ecube Labs have?
Ecube Labs has 52 employees.
Where is Ecube Labs headquarters?
Ecube Labs is headquartered in China.
Compare Ecube Labs to the industry
Ecube Labs operates across multiple industries. Browse revenue, funding, and growth data for Ecube Labs in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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