# Cloocus Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cloocus-co

- Industry: Software
- Headquarters: Seoul, South Korea
- Website: www.cloocus.com
- Total disclosed funding: $34M
- Latest round: Series B (Jul 12, 2024)
- Investors on record: 3

## About

Based in South Korea, Cloocus Co., Ltd. offers comprehensive cloud solutions, focusing on cloud consulting, infrastructure deployment, and managed services tailored to enhance security and operational efficiency for various industries.Cloocus Co., Ltd., founded in 2018 and headquartered in Seoul, South Korea, specializes in cloud technology solutions. The company has successfully completed four funding deals, with the most recent being a Series B round in July 2024, raising KRW 20 billion from Helios Private Equity and Stonebridge Capital. The current CEOs are Kavin Raj and Steve Hong.Cloocus specializes in cloud solutions and services, with a primary focus on cloud consulting, cloud infrastructure deployment, and managed services. Their offerings include tailored security consulting and technical support aimed at enhancing cloud security for clients in various sectors. The company has developed significant solutions such as ClooOps, which assists organizations in managing their cloud operations more effectively, and ClooConnect, designed for seamless integration within cloud environments. Cloocus's clientele comprises small and medium-sized enterprises (SMEs) and large enterprises across diverse geographical markets, including South Korea, the United States, and Malaysia. The emphasis on customization enables Cloocus to address specific challenges faced by clients, providing solutions that enhance operational efficiency, compliance, and security.Cloocus generated revenue of KRW 126.33 billion in 2023, with projections indicating an increase in 2024. Revenue is primarily accrued through subscription models for its managed services and cloud solutions, allowing clients to engage in long-term partnerships for ongoing support and innovation. The firm’s offerings, such as its security consulting and AI-powered educational solutions, are priced based on the complexity of the services provided and tailored to the specific needs of each client. Transactions typically involve direct business engagements with enterprises, which benefit from scalable and flexible pricing plans that align with their operational requirements. These arrangements foster consistent revenue streams and position Cloocus as a reliable partner in the cloud service market.In July 2024, Cloocus Co., Ltd. raised KRW 20 billion in Series B funding to enhance its operations and expand its international reach. The funding will support the development of its AI platform, improve financial standing, maintain liquidity, and accelerate growth initiatives in Japan and the Middle East. The company aims to prepare for profitability in the second half of the year and an IPO, focusing on launching new products and entering these targeted regions by the end of 2024.

## Funding rounds

- Series B, Jul 12, 2024, $15M — Stonebridge Capital, Helios Private Equity
- Series A, Jul 24, 2020, $20M — SK, Stonebridge Capital

## Investors

- SK — Series A
- Stonebridge Capital (https://capitalatlas.ai/funds/stonebridge-capital) — Series A, Series B
- Helios Private Equity (https://capitalatlas.ai/funds/helios-private-equity) — Series B