Bespin Global Inc.
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Bespin Global Inc. - overview
Established
2015
Location
Seoul, -, South Korea
Primary Industry
IT Infrastructure
About
Bespin Global Inc. is a South Korean company specializing in comprehensive cloud management and AI solutions, serving over 5,000 enterprises across various sectors worldwide. Founded in 2015 and headquartered in Seoul, South Korea, Bespin Global Inc. provides cloud management and AI services.
The company has strategically evolved its offerings to cater to an expanding international clientele, with operations across Asia-Pacific, North America, and the Middle East. K Park, the founder, has a background in technology entrepreneurship. In May 2023, Bespin Global raised USD 60 mn in a Trade Sale, acquiring investment from Etisalat, bringing the total amount raised to USD 60 mn. The firm has successfully completed 9 deals since its inception.
Bespin Global specializes in providing comprehensive cloud management and AI solutions tailored to meet the needs of over 5,000 enterprises across various sectors. Their core offerings encompass Managed Services, which include Standard, Business, and Enterprise tiers, designed to support clients in their cloud operations, system management, and digital transformation initiatives. The company empowers organizations to optimize their IT expenditures through efficient cloud governance, migration strategies, and security management. Key products such as OpsNow and AI Managed Services facilitate operations in multi-cloud environments and enhance the adoption of AI technologies.
Bespin Global serves an international client base that spans across Asia-Pacific, North America, and the Middle East, including industries such as finance, manufacturing, and public sector entities, providing tailored solutions to improve operational efficiency and innovation. Bespin Global generates revenue primarily through subscription-based Managed Services and consulting engagements tailored to their clients' cloud and AI needs. For the most recent year 2024, the company reported a revenue of USD 269. 75 mn and an EBITDA of USD 594,278.
The firm establishes ongoing relationships with clients, who subscribe to various service tiers that include cloud operational support, system management, and tailored digital transformation strategies. Specific pricing plans are structured around the complexity and scale of the services required, allowing clients to choose packages that align with their operational demands and budgetary considerations. The revenue model is supported by a diverse client portfolio, including significant partnerships with leading cloud service providers like AWS, Google Cloud, and Microsoft Azure, ensuring a robust market presence in the cloud services sector. Bespin Global aims to leverage its recent funding of USD 60 mn from Etisalat to enhance its product offerings and expand into new geographic markets.
The company is developing new cloud management tools and AI services, with plans for a release in late 2024. Additionally, Bespin Global is targeting expansion into Europe and Latin America by the end of 2025, focusing on establishing a presence in these burgeoning markets.
Current Investors
Legend Capital, Altos Ventures, Premier Partners
Primary Industry
IT Infrastructure
Sub Industries
Consulting Services, IT Infrastructure, IT Security/Cybersecurity, Monitoring & Security Software, Systems Management Software
Website
www.bespinglobal.com
Verticals
Artificial Intelligence, Big Data, Cloud Computing
Total Amount Raised
Subscriber access only
Bespin Global Inc. - timeline of key events
Bespin Global Inc. - financials
| Fiscal Year Ended | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|---|
| Revenue (USD) | 84,862,142,405 | 159,947,528,859 | 210,649,704,235 | 335,212,831,452 | - | - | - |
| % Revenue Growth (YoY) | - | 88.5% | 31.7% | 59.1% | - | - | - |
| EBITDA (USD) | (38,954,986,728) | (23,999,795,032) | (32,274,956,931) | (18,260,035,930) | - | - | - |
| Operating Income (USD) | (41,581,859,728) | (27,721,324,032) | (35,956,258,931) | (21,914,318,930) | - | - | - |
| Operating Margin | (49.0%) | (17.3%) | (17.1%) | (6.5%) | - | - | - |
| % EBITDA Margin | (45.9%) | (15.0%) | (15.3%) | (5.4%) | - | - | - |
| NET Income (USD) | (42,296,584,239) | (27,554,832,681) | (37,710,133,319) | (25,756,934,177) | - | - | - |
| % Net Margin | (49.8%) | (17.2%) | (17.9%) | (7.7%) | - | - | - |
Bespin Global Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | COGNET9 | - | ||||||||
| Trade Sale | Completed | Bespin Global Inc. | - | ||||||||
| Seed | Completed | Sendtime | - | ||||||||
| Series D | Completed | Bespin Global Inc. | - | ||||||||
| Unspecified Round | Completed | CREPASS | - |
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Bespin Global Inc. - employee data
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