South Korea-based cloud startup Bespin Global raises $75M Series C funding to accelerate global expansion

Bespin Global, a Seoul, South Korea-based tech startup and a provider of consulting, migration, managed service as well as solutions for hybrid cloud, has raised $75 million in Series-C funding to grow its domestic market share and expand into new global markets. K Telecom participated in this funding round through SK Telecom China. Other investors include DY Holdings. To date, Bespin Global has raised a total of $177 million in funding, including $14M Series-A and $90M Series-B.

As part of the funding agreement, SK Telecom expects to accelerate its own cloud business with the help of Bespin Global’s leading multi-cloud management capability. Bespin Global willalso  join forces with SK Telecom, SK C&C, and SK Infosec to develop a 5G cloud-integrated and multi-hybrid management platform based on OpsNow which is Bespin Global’s proprietary cloud management platform.

Founded in 2015 by John Hanjoo Lee and Lee Han-ju, Bespin Global implement architectures optimized for various industry areas into a hybrid cloud environment interacting with IDB using AWS, MS Azure, and Flexcloud. Bespin Global is a premium brand for strengthening Hostway’s cloud business that has provided corporate professional hosting services and managed services since 1998 and is dedicated to Hostway’s cloud managed service provider (MSP) business.

Bespin Global is the first East Asian company to be positioned in Gartner Magic Quadrant for Public Cloud Infrastructure Professional and Managed Services for four consecutive years and is the first Korean company to be placed in the Leaders quadrant this year. The company supports all major public cloud platforms and offers cloud managed service globally through its proprietary platform, OpsNow. Recognized for its skills and growth, Bespin Global China has a significant presence in the Chinese MSP market. Bespin Global is also quickly expanding in the Middle East & Africa region through its MEA arm.

“The combination of 5G and cloud will accelerate innovation across industries and allow companies to improve their service value,” said Yoo Yeong-Sang, the head of MNO business at SK Telecom, “We will lead innovation in 5G by joining hands with software developers, device manufacturers, and global mobile carriers.”

John Hanjoo Lee, CEO of Bespin Global, said, “the future of cloud will be shaped by 5G cloud. By collaborating with SK Telecom, we will develop and offer a 5G cloud management platform for the global market. This is a good example of a collaboration between an enterprise and a startup.” He added, “we will take this funding as an opportunity to establish this company as a leading player in the cloud industry. We also plan to expand to North America in the second half of this year.”