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Bespin Global procures funds worth $75 million via series C funding

Bespin Global procures funds worth $75 million via series C funding
Bespin Global procures funds worth $75 million via series C funding

Global cloud management company Bespin Global has reportedly announced that it has raised an amount of $75 million via a Series C funding round, with the aid of Newberry Global. The deal has commenced following the company’s earlier fund-raising initiative amounting to around $177 million including the $14 million Series-A initiative and the $90 million Series-B program.

For the uninitiated, Bespin Global is noted as the first East Asian company to be listed in Gartner Magic Quadrant in the ‘Public Cloud Infrastructure Professional and Managed Services’ category for four years in succession. The company is known for supporting all major public cloud platforms and cloud management services at a global level through its proprietary platform, OpsNow. Sources claim that Bespin Global China has been reported to register a remarkable growth in the Chinese MSP market.

The company’s Series-C funding round reportedly comprises various investors including SK Telecom, who participated through SK Telecom China, and DY Holdings.

According to Yoo Yeong-Sang, Head of the MNO Business at SK Telecom, the upcoming combination of 5G and cloud services is expected to bolster innovation across various industries further allowing companies to provide quality services. He has further expressed that SK Telecom will emerge as a leader in the field of 5G innovation citing its collaborations with software developers, mobile carriers, and device manufacturers.

For the record, SK Telecom intends to integrate Bespin’s multi-cloud management capability with its cloud services. Further, Bespin’s funding initiative is focused on the development of a 5G cloud-integrated and hybrid management platform through partnerships with companies like SK Telecom, SK Infosec, and SK C&C.

The CEO of Bespin, John Hanjoo Lee, has stated that the company’s collaboration with SK Telecom is a good example of a cooperation between an enterprise and a startup. He has further explained that the company intends to develop a 5G cloud management platform via its collaboration with SK Telecom. The company cites this series funding program as an opportunity to emerge as a leader in the cloud industry, highlights Lee.

 

Source Credits:

https://www.prnewswire.com/news-releases/bespin-global-raises-75m-in-series-c-funding-301077281.html

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Sunil Jha

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