KoreaTechToday - Korea's Leading Tech and Startup Media Platform
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government
No Result
View All Result
KoreaTechToday - Korea's Leading Tech and Startup Media Platform
No Result
View All Result
Home IT

Sendbird Acquires $100M Funding Expands Platform and Functionalities

 1,009 total views,  1 views today

James Jung by James Jung
PUBLISHED: April 7, 2021 UPDATED: April 9, 2021
in IT, Startup, Tech Industry
0
Sendbird, a chat and video platform operator, raises $100 million in funding, improving existing services and creating innovations for digital experiences.
Sendbird, a chat and video platform operator, raises $100 million in funding, improving existing services and creating innovations for digital experiences.

Sendbird, a chat and video platform operator, raises $100 million in funding, improving existing services and creating innovations for digital experiences.

Sendbird Inc., a chat and video platform operator, announced that it had raised 111.6 billion won ($100 million) through the Series C funding. Established in 2013, Sendbird is a startup that helps software developers integrate real-time chat and video mediums into their apps. Thanks to the investment attraction, Sendbird values at 1.2 trillion won ($1.05 billion), becoming the first South Korean business-to-business enterprise software startup unicorn.

Steadfast Venture Capital headed Sendbird’s Series C funding, and its managing director, Karan Mehandru, would be joining Sendbird’s board. Besides Steadfast Venture Capital, some of the funding’s other backers include World Innovation Lab, Emergence Capital, and Tiger Global Management. Since its Series B investment in 2019, Sendbird’s monthly active users and the number of its supported applications have grown significantly. 

Sendbird and its chat and video platform currently support more than 150 million users on various mobile apps, including Delivery Hero, Hinge, Reddit, and Teladoc.

Accomplishing Tasks Through Mobile Apps

“From food delivery to healthcare, education, entertainment, shopping, and so much more, every business is looking to connect digitally with its customers,” said John Kim, Sendbird’s CEO and co-founder. Due to the increasing virtual changes amid the contactless era, more users depend on mobile apps to accomplish countless tasks. With the pandemic accelerating the non-face-to-face trend, Sendbird also noted a considerable demand for its services across numerous industries.

Customer-Centric Business Value

As Sendbird stated, one of its core values is ‘endless tenacity for customers.’ Notably, the company could carry out this value through the investment and create better opportunities to serve their customers. To this end, Sendbird would continue innovating products and services and investing in strategic partnerships, documentation, customer support, and more. In particular, Sendbird would use its raised capital to upgrade its existing functionalities and introduce innovative products and solutions.

In addition to expanding its capabilities, Sendbird would also increase its workforce worldwide and shape the next-generation mobile app experience. According to Sendbird, it has succeeded in earning customers’ trust in traditional industries such as dating, gaming, and shopping platforms. Sendbird said that it has also reinforced its standing in newer industries, including digital learning and healthcare, fintech, and live-streaming.

Sendbird also plans to utilize mobile messaging apps’ advantages to obtain better business results and workflows. The company would use its market leadership to establish new connectivity services and become a leading e-commerce platform developer.

Check out other must-read articles from KoreaTechToday:

  • SoCar Becomes First Mobility Startup Unicorn After 60Bln Won Funding
  • COMEUP 2020 Day 3: The Shifting Media Landscape and Opportunities for the OTT Market
  • Naver Cloud to Offer Seamless eLearning Services with EduPure
  • South Korean Webtoon Firms Excel in Japanese Manga App Industry
What’s your thoughts?
+1
0
Upvote
+1
0
Clap
+1
0
Clap
+1
0
On fire
+1
0
Meh
+1
0
Clap
+1
0
Tags: $100 millionchat and videoreal-time chatSendbirdSeries CStartup

Related Posts

Onda
Sendbird, a chat and video platform operator, raises $100 million in funding, improving existing services and creating innovations for digital experiences.
Startup

Korean hospitality tech startup ONDA secures $10 million Series B funding

January 20, 2023
TIPSX beSUCCESS Korean Startup Showcase 2022
Sendbird, a chat and video platform operator, raises $100 million in funding, improving existing services and creating innovations for digital experiences.
Startup

15 Korean Tech startups get to pitch to global VCs in Silicon Valley at the TIPSX beSUCCESS Korean Startup Showcase 2022

October 22, 2022
South Korean Govt shares strategic blueprint to become 5th biggest metaverse market globally
Sendbird, a chat and video platform operator, raises $100 million in funding, improving existing services and creating innovations for digital experiences.
metaverse

South Korean Govt shares strategic blueprint to become 5th biggest metaverse market globally

January 24, 2022
SK Telecom partners with Erisson for 5G standalone network
Sendbird, a chat and video platform operator, raises $100 million in funding, improving existing services and creating innovations for digital experiences.
SK Telecom

SK Telecom partners with Erisson for 5G standalone network

November 18, 2021
Samsung introduces 5 nm chip for its wearables for the first time
Sendbird, a chat and video platform operator, raises $100 million in funding, improving existing services and creating innovations for digital experiences.
Samsung

Samsung introduces 5 nm chip for its wearables for the first time

August 12, 2021
As Xiaomi takes centre stage, Samsung pins hope on BTS to sell foldable phones
Sendbird, a chat and video platform operator, raises $100 million in funding, improving existing services and creating innovations for digital experiences.
BTS

As Xiaomi takes centre stage, Samsung pins hope on BTS to sell foldable phones

August 4, 2021
No Result
View All Result

Follow Us

FREE NEWSLETTER




PRODUCTS

Most Popular

  • 5 Best Korean to English Translation Apps

    0 shares
    Share 0 Tweet 0
  • Top South Korean Tech Products to Look Out for in 2021

    0 shares
    Share 0 Tweet 0
  • Top Eight Promising EdTech Startup Companies in South Korea

    0 shares
    Share 0 Tweet 0
  • 5 All-Time Best Rom-Com K-Dramas to Watch

    0 shares
    Share 0 Tweet 0
  • Top Nine Mobile MMORPG in South Korea for 2020

    0 shares
    Share 0 Tweet 0
  • Korean tech giants to focus on future innovations & sustainability actions at CES 2023 

    0 shares
    Share 0 Tweet 0
  • World’s First 5G Robot Café has a Seoul Opening

    0 shares
    Share 0 Tweet 0
  • Top 10 Must-Have Korean Apps You Need When Visiting in Korea

    0 shares
    Share 0 Tweet 0
  • South Korea Improves Digital New Deal with the Data Dam Project

    0 shares
    Share 0 Tweet 0
  • Coway Changes Name After Netmarble’s Aquisition

    0 shares
    Share 0 Tweet 0
  • About Us
  • Account Page
  • application form
  • Cookie policy
  • Default Redirect Page
  • homepage
  • Login
  • login form
  • LogOut
  • Newsletter
  • Privacy Policy
  • Register
  • Reset Password
  • Sample Page
  • Subscription Plan
  • Terms of Use
  • test
  • test
  • testpage
  • TOS Page
  • Visitor Inside User Page

Copyright © 2022 KoreaTechToday | About Us | Terms of Use |Privacy Policy |Cookie Policy| Contact : [email protected] |

No Result
View All Result
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government

Copyright © 2022 KoreaTechToday | About Us | Terms of Use |Privacy Policy |Cookie Policy| Contact : [email protected] |