# Megazone Cloud

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/megazone-cloud

- Industry: Software
- Headquarters: Gyeonggi-do, South Korea
- Website: www.megazone.com
- Total disclosed funding: $510M
- Latest round: Series C (Sep 1, 2022)
- Investors on record: 18

## About

Megazone Cloud Corp., headquartered in Seoul, South Korea, is a prominent provider of cloud and AI-driven services, focusing on digital transformation solutions for diverse industries globally.Founded in 2018, Megazone Cloud Corp. specializes in cloud computing and AI services. The company has expanded its operations significantly since inception, raising KRW 450 billion in Series C funding in September 2022, primarily from investors MBK Partners and IMM Private Equity. The firm has completed a total of 7 deals to date, with its current valuation estimated at KRW 2,858,823.21 mn. The CEO, InChul Hwang, has been instrumental in steering the company towards innovation and growth in the competitive cloud services sector.Megazone Cloud Corp. delivers a comprehensive range of cloud and AI-driven services tailored for enhancing digital transformation across various sectors. Their offerings include Cloud Native, AI Native, Security, and Enterprise Solutions, aimed at maximizing operational efficiency. As the first official AWS partner in South Korea, the Cloud Native segment focuses on reliable IT infrastructures, while AI Native services enable businesses to integrate AI across their operations. In addition, comprehensive security solutions are provided to safeguard digital assets amidst evolving cloud environments. Megazone Cloud serves clients in finance, healthcare, and technology, catering to markets across the Asia-Pacific, North America, and Europe.Following the Series C funding round in September 2022, which raised KRW 450 billion, Megazone Cloud Corp. plans to enhance its digital transformation capabilities. The company is focused on launching new products designed to support advanced cloud and AI solutions. Additionally, there are intentions to expand market presence, specifically targeting new opportunities in North America and Europe by 2024. The recent funding will primarily be utilized to enhance service offerings and further develop innovative technologies that meet client demands in these regions.

## Funding rounds

- Series C, Sep 1, 2022, $337M — MBK Partners, IMM Private Equity
- Series B, Jun 24, 2021, $44M — Salesforce Ventures
- Series B, May 1, 2021, $129M — Korea Development Bank, NH Bank, KB Investment, JKL Partners, Korea Investment Partners, Stonebridge Capital, Kakao Investment, CJ Investment, NAU IB Capital, Samsung Securities, Midas International Asset Management, KB Securities, BNK Securities, KT Investment, ATP Investment

## Investors

- Korea Development Bank (https://capitalatlas.ai/funds/korea-development-bank) — Series B
- NH Bank — Series B
- KB Investment (https://capitalatlas.ai/funds/kb-investment) — Series B
- JKL Partners (https://capitalatlas.ai/funds/jkl-partners) — Series B
- Korea Investment Partners (https://capitalatlas.ai/funds/korea-investment-partners) — Series B
- Stonebridge Capital (https://capitalatlas.ai/funds/stonebridge-capital) — Series B
- Kakao Investment (https://capitalatlas.ai/funds/kakao-investment) — Series B
- CJ Investment (https://capitalatlas.ai/funds/cj-investment) — Series B
- NAU IB Capital (https://capitalatlas.ai/funds/nau-ib-capital) — Series B
- Samsung Securities — Series B
- Midas International Asset Management (https://capitalatlas.ai/funds/midas-international-asset-management) — Series B
- KB Securities (https://capitalatlas.ai/funds/kb-securities) — Series B
- BNK Securities (https://capitalatlas.ai/funds/bnk-securities) — Series B
- KT Investment (https://capitalatlas.ai/funds/kt-investment) — Series B
- ATP Investment — Series B
- Salesforce Ventures (https://capitalatlas.ai/funds/salesforce-ventures) — Series B
- MBK Partners (https://capitalatlas.ai/funds/mbk-partners) — Series C
- IMM Private Equity (https://capitalatlas.ai/funds/imm-private-equity) — Series C