# HBsmith

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hbsmith

- Industry: IT Infrastructure
- Headquarters: Anyang, South Korea
- Website: www.hbsmith.io
- Total disclosed funding: $1.9M
- Latest round: Series A (Aug 30, 2021)
- Investors on record: 5

## About

HBsmith is a technology company that specializes in automating quality assurance (QA) processes using AI-driven agents, enabling enterprises to enhance operational efficiency and ensure software reliability.Founded in 2017 in Anyang, South Korea, HBsmith focuses on AI Agent-based Quality Assurance automation. The company raised KRW 2.2 billion in Series A funding on August 30, 2021, attracting investment from Fin del Mundo Partners, Hana Ventures, Intops Investment, and Venture Square. The leadership includes CEO Jongwon Han, who has a history of founding and managing technology-driven companies.HBsmith specializes in AI Agent-based Quality Assurance (QA) automation, offering a comprehensive suite of services that streamline the QA process from implementation to operation. Their core offerings include regression and acceptance testing, real-time test result dashboards, service monitoring, and customized reporting aligned with financial regulatory guidelines. This enables enterprises to swiftly identify and resolve defects and bugs. HBsmith services notable clients in sectors like finance and technology, with solutions available in North America and Europe.HBsmith generates revenue through a structured service model emphasizing subscription-based offerings for its QA automation solutions. Clients can engage in partnerships that typically include a two-week proof of concept (PoC) phase, followed by ongoing service agreements. The pricing structure is tiered, tailored to client needs and the complexity of testing environments, whether on-premises or in the cloud (SaaS). These services support deep QA installations without coding and deliver performance metrics for applications, ensuring high-quality software products are maintained.In August 2021, HBsmith raised KRW 2.2 billion in Series A funding to support its growth initiatives. The funding will be utilized to advance new product developments in AI-driven QA tools, targeting a launch in upcoming quarters. Additionally, the company intends to expand its market presence in North America and Europe over the next 12 months, aiming to enhance its service offerings and cater to a broader client base.

## Funding rounds

- Series A, Aug 30, 2021, $1.9M — Venture Square, Hana Ventures, Intops Investment, Fin del Mundo Partners
- Seed, Jan 3, 2019, $0M — Primer
- Seed, Apr 3, 2017, $0M — Primer

## Investors

- Primer (https://capitalatlas.ai/funds/primer) — Seed
- Venture Square (https://capitalatlas.ai/funds/venture-square) — Series A
- Hana Ventures — Series A
- Intops Investment (https://capitalatlas.ai/funds/intops-investment) — Series A
- Fin del Mundo Partners — Series A