Bespin Global, a Seoul and Beijing based cloud IT solutions company, has completed a $15 million Series A round of financing. Bespin Global’s mission is to drive the digital transformation of its clients by helping them adopt cloud IT.
Through its highly automated multi-cloud management platform and professional services, Bespin Global’s customers would be able to leverage everything cloud has to offer in speeding up the digital innovation. Founded in December 2015, Bespin Global has over 200 employees in Korea and China and serves over 150 mid-sized to large companies in the two countries. In April 2017, Bespin Global was nominated to Gartner’s Public Cloud MSP Magic Quadrant, as the only company to be recognized in East Asia.
This investment would enable Bespin Global to aggressively accelerate product innovation, expand its sales and marketing efforts and support ongoing plans to broaden its customer reach.
“Even with the recent rise of the cloud computing, the vast majority of traditional enterprises are still operating in slow and expensive legacy IT environments,” said HanJoo Lee, co-founder and CEO of Bespin Global. “The problem is even more acute in Asia. Our job is to unlock the potential of the cloud IT for our customers, who are achieving as much as 70% savings in IT spending through our cloud solutions. Even more importantly, they dramatically increased the speed of innovation.”
Legend Capital led the round and Joon Sung Park, Legend Capital’s Partner, will join the Company’s Board of Directors. The round was joined by Premier Partners, Altos Ventures, Hyosung ITX, and other investors.
“We are excited to support a world-class team with deep experience in both enterprise and cloud IT services and software, a killer combination needed to win in the cloud management category,” said Joon Sung Park, Partner at Legend Capital. “Bespin Global is remarkable in that it has already shown a good traction in China, a market that we know very well. Legend Capital is a very active investor in the cloud space in China and globally. We believe the disruption of the legacy IT by cloud represents a massive opportunity and Bespin is uniquely capable of addressing it.”