# Hyperconnect

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

- Industry: Software
- Headquarters: Seoul, South Korea
- Website: www.hyperconnect.com
- Total disclosed funding: $11M
- Latest round: Series B (Nov 16, 2015)
- Investors on record: 2

## About

Based in Seoul, South Korea, and founded in 2014, Hyperconnect Inc. develops software and mobile applications based on the WebRTC technology. The company was co-founded by Eddie Yong, Kenneth Jung, and Samuel Ahn. In June 2021, Match Group, LLC fully acquired Hyperconnect Inc. for USD 1.73 billion.

The company develops its flagship product, Azar, a mobile application that uses machine learning which allows users to connect to other people through video chat. It also offers are Hakuna Live, an interactive live-streaming service platform that allows users to participate in a live broadcast. The company also provides Hyper-X, a team consisting of engineers, product managers, and designers along with other supporting staff that test, re-test, optimizes, and commercializes inputs for future projects.

The company generates revenue By offering its different applications that include Azar, Hakuna Live, and Hyper-X to users who usually use in-app chats and live video broadcasting platforms catering the E-commerce, and entertainment. education, telehealth, and social and community industries. As of 2020, it generated a profitable revenue of USD 200 million.

## Funding rounds

- Series B, Nov 16, 2015, $8.5M — Altos Ventures, SBVA
- Series A, Dec 18, 2014, $2M — Altos Ventures

## Investors

- Altos Ventures (https://capitalatlas.ai/funds/altos-ventures) — Series A, Series B
- SBVA (https://capitalatlas.ai/funds/sbva) — Series B