# OKESTRO

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

- Industry: Software
- Headquarters: Seoul, South Korea
- Website: www.okestro.com
- Total disclosed funding: $117M
- Latest round: Series B (Nov 16, 2023)
- Investors on record: 5

## About

Based in Seoul, South Korea, and founded in 2018, OKESTRO operates as a developer of cloud solutions, from cloud conversion and design consulting to cloud solutions for construction, operation, and supplies. In December 2023, OKESTRO raised KRW 130 billion in series B funding led by returning investor STIC Investments, with participation from another returning investor IMM Investment. New investors Korea Development Bank and Industrial Bank of Korea also participated in the round. OKESTRO reported KRW 33.8 billion in revenue for the December 2022 fiscal year.  As of 2023, Kim Min-Joon and Kim Young-Kwang operate as Chief Executive Officers of the company.

OKESTRO provides Symphony AI, which is artificial intelligence for IT operations solutions in the cloud sector. The company offers data collection and analysis services such as data preprocessing, variable selection, and the collection of metrics and log data from the infrastructure. In addition, the firm provides solutions such as AI learning and prediction, cloud optimization, anomaly detection, and many more.

## Funding rounds

- Series B, Nov 16, 2023, $100M — STIC Investments, Korea Development Bank, Industrial Bank of Korea, IMM Investment
- Series A, Jul 9, 2022, $17M — Korea Technology Finance Corporation, IMM Investment

## Investors

- Korea Technology Finance Corporation — Series A
- IMM Investment (https://capitalatlas.ai/funds/imm-investment) — Series A, Series B
- STIC Investments (https://capitalatlas.ai/funds/stic-investments) — Series B
- Korea Development Bank (https://capitalatlas.ai/funds/korea-development-bank) — Series B
- Industrial Bank of Korea — Series B