# WhaTap Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/whatap-labs

- Industry: IT Infrastructure
- Headquarters: Seoul, South Korea
- Website: www.whatap.io
- Total disclosed funding: $13M
- Latest round: Series B (Jun 15, 2021)
- Investors on record: 7

## About

WhaTap Labs Inc., based in South Korea, specializes in monitoring solutions that optimize software application performance and reliability across diverse IT environments.Founded in 2015 and headquartered in Seoul, South Korea, WhaTap Labs Inc. provides advanced monitoring solutions for IT infrastructures. The company has secured a total of 3 deals, with the most recent funding round being a Series B investment of KRW 12 billion on June 15, 2021, led by KB Investment and supported by investors such as Altos Ventures and K2 Investment Partners.WhaTap offers a comprehensive suite of monitoring solutions designed to enhance the performance and reliability of software applications, servers, Kubernetes environments, and databases. The core product, WhaTap Monitoring, facilitates real-time collection and analysis of metrics, traces, and logs through a feature known as Container Map, enabling users to swiftly identify and diagnose issues. The service caters to diverse sectors such as e-commerce, finance, and technology, ensuring operational efficiency for enterprises in South Korea and growing international markets.WhaTap generates revenue primarily through a subscription-based model, where clients pay for access to its monitoring services. Businesses enter into agreements to utilize WhaTap's software solutions, with various pricing plans tailored to their specific needs. This includes application performance monitoring, server monitoring, and Kubernetes management, contributing significantly to the company's revenue generation strategy.In June 2021, WhaTap Labs raised KRW 12 billion in Series B funding, aimed at enhancing its competitiveness in domestic and international markets. The company plans to expand its product offerings and enter new geographic regions while leveraging this funding to solidify its leadership in the SaaS monitoring services sector.

## Funding rounds

- Series B, Jun 15, 2021, $11M — Altos Ventures, KB Investment, WOORI Venture Partners, K2 Investment Partners, Maple Investment Partners, Re:Ventures
- Series A, Dec 1, 2018, $2.2M — Altos Ventures, KB Investment, Kakao Ventures

## Investors

- Altos Ventures (https://capitalatlas.ai/funds/altos-ventures) — Series A, Series B
- KB Investment (https://capitalatlas.ai/funds/kb-investment) — Series A, Series B
- Kakao Ventures (https://capitalatlas.ai/funds/kakao-ventures) — Series A
- WOORI Venture Partners (https://capitalatlas.ai/funds/woori-venture-partners) — Series B
- K2 Investment Partners (https://capitalatlas.ai/funds/k2-investment-partners) — Series B
- Maple Investment Partners (https://capitalatlas.ai/funds/maple-investment-partners) — Series B
- Re:Ventures (https://capitalatlas.ai/funds/re-ventures) — Series B