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How Studio 1 Labs CEO Edward Shim grew Studio 1 Labs to $591.2K revenue with a 2 person team in 2024.

Studio 1 Labs is an information technology company that specializes in fabric sensor technology, hardware electronics, and Saas.

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Studio 1 Labs Revenue

In 2024, Studio 1 Labs's revenue reached $591.2K. The company previously reported $270.9K in 2023. Since its launch in 2015, Studio 1 Labs has shown consistent revenue growth.

Studio 1 Labs Revenue GrowthReported revenue / ARR by year$0$200K$400K$600K$800K$1M201520172019202120232024$0$797K$271K$591KSource: GetLatka.com
YearMilestone
2024Studio 1 Labs Hit $591.2k revenue in October 2024
2023Studio 1 Labs Hit $270.9k revenue in December 2023
2016Studio 1 Labs Hit $796.8k revenue in January 2016
2015Launched with $0 revenue

Studio 1 Labs Valuation, Funding Rounds

Studio 1 Labs's most recent disclosed valuation is $1.8M.

Studio 1 Labs is a bootstrapped IoT Development Tools startup. Founded in 2015, Studio 1 Labs has grown to $591.2K in revenue without raising any venture capital or outside funding.

As a self-funded IoT Development Tools SaaS company, Studio 1 Labs has built its business with no outside investment.

Studio 1 Labs Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$120152015 cumulative: $0 • 2015 Founded: $02015 Founded: $0 valuationSource: GetLatka.com
YearRoundAmountValuation% Sold

Studio 1 Labs Employees & Team Size

Studio 1 Labs employs approximately 2 people as of 2026.

Studio 1 Labs has 2 total employees in different roles and functions.

Studio 1 Labs Team GrowthReported headcount over time035810132015201720192021202320240022Source: GetLatka.com
YearMilestone
2024Reached 2 employees (October 2024)
2023Reached 2 employees (December 2023)
2022Reached 2 employees (December 2022)
2021Reached 1 employees (December 2021)
2016Reached 10 employees (January 2016)

Founder / CEO

Edward Shim

Edward Shim is listed as Founder / CEO at Studio 1 Labs.

Q&A

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Customers

We do not have customer count information for Studio 1 Labs yet.

Frequently Asked Questions about Studio 1 Labs

What is Studio 1 Labs's revenue?

Studio 1 Labs generates $591.2K in revenue.

Who founded Studio 1 Labs?

Studio 1 Labs was founded by Edward Shim.

Who is the CEO of Studio 1 Labs?

The CEO of Studio 1 Labs is Edward Shim.

How much funding does Studio 1 Labs have?

Studio 1 Labs raised $0.

How many employees does Studio 1 Labs have?

Studio 1 Labs has 2 employees.

Where is Studio 1 Labs headquarters?

Studio 1 Labs is headquartered in Markham, Ontario, Canada.

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X-CITE S.A. logo

X-CITE S.A.

We merged the IoT & AI SYSTEM ENABLER and DESIGN HOUSE view, creating a unique positioning to enable private and public clients ’cross industries to deploy IoT, AI & 5G solutions in a reliable way, “Out of the Box”. Regrouping multiple expertise – IoT, Cloud technologies, Mass data, AI, ML, Security, NG telco networks incl. 5G & xPON, automatization - our offer is unique! From idea generation, over fast prototypes, POCs’, followed by large implementations using X-BRAiN as a Connectivity, Mass-data and AI Accelerator incl. NEF-SCEF 5G integration. X-CITE is official Google Cloud partner. Our aim is to build a library of +200 AI & 5G use cases covering the most essential verticals, allowing our multi-disciplinary teams together with customers to rapidly formulate ideas or use-cases and implement them in X-BRAiN with low TTM. X-BRAiN uses ML and AI algorithms to address IoT and its associated problems, all available in a subscription model. Our Foundational Technology Platform is blockchain enabled. Learn more on www.x-brain.io Our offer includes a growing Edge hardware portfolio integr. with X-BRAiN and available in subscription model. It includes a world first advanced 5G Google Coral Module which can be mounted straight on devices including Drones; modular 4G LTE Cat. M1/Cat. NB2/EGPRS & GNSS high-speed Tracker and environmental Sensor, NB1/NB2 and M1 cellular LPWAN vehicle and health tracker. We are accelerating our move to a Digital Business Platform model and open-up X-BRAiN to developers that can make more of the data, assets, and services available – Become part of our “Firestarters” developer community. We design and build your future IoT, AI, 5G and circular economy strategy and products. X-CITE is headquartered in Luxembourg, with offices in Munich and Belgrade and strong links to UK.

Compare Studio 1 Labs to the industry

Studio 1 Labs operates across multiple industries. Browse revenue, funding, and growth data for Studio 1 Labs in each sector below.

Source Attribution

Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.

Company data last updated .

Studio 1 Labs Revenue 2024: $591.2K ARR, $1.8M Valuation