Megazone Cloud Corp.
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Megazone Cloud Corp. - overview
Established
2018
Location
-, -, South Korea
Primary Industry
Software
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.
Current Investors
ITOCHU Techno-Solutions, Korea Development Bank, NH Bank
Primary Industry
Software
Sub Industries
Website Hosting, Content Management Software, Customer Relationship Management, Storage Management Software, Systems Management Software
Website
www.megazone.com
Verticals
Artificial Intelligence, Big Data, Cloud Computing, IoT (Internet of Things)
Company Stage
Series C
Total Amount Raised
Subscriber access only
Megazone Cloud Corp. - timeline of key events
Megazone Cloud Corp. - 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) | 209,570,724,009 | 253,086,876,800 | 459,587,442,653 | 1,265,993,986,184 | - | - | - |
| % Revenue Growth (YoY) | - | 20.8% | 81.6% | 175.5% | - | - | - |
| EBITDA (USD) | 16,641,768,851 | 15,982,007,745 | (13,205,524,743) | (25,266,927,133) | - | - | - |
| Operating Income (USD) | 15,217,300,087 | 14,395,333,611 | (15,272,396,523) | (34,592,322,133) | - | - | - |
| Operating Margin | 7.3% | 5.7% | (3.3%) | (2.7%) | - | - | - |
| % EBITDA Margin | 7.9% | 6.3% | (2.9%) | (2.0%) | - | - | - |
| NET Income (USD) | 14,269,030,527 | 18,510,809,819 | (24,350,386,862) | (246,203,847,132) | - | - | - |
| % Net Margin | 6.8% | 7.3% | (5.3%) | (19.4%) | - | - | - |
Megazone Cloud Corp. - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Unspecified Round | Completed | spectrabrain | - | ||||||||
| Unspecified Round | Completed | Oasys Studio | - | ||||||||
| Unspecified Round | Completed | BPMG | - | ||||||||
| Unspecified Round | Completed | now.gg, Inc. | - | ||||||||
| Unspecified Round | Completed | BlueStacks | - |
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Megazone Cloud Corp. - employee data
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