When was Megazone Cloud founded?

Megazone Cloud was founded in 2018 and became a unicorn in 2022, reaching the milestone in 4 years. It raised its 1st funding round 1 year after its incorporation.

Where is Megazone Cloud located?

Megazone Cloud is headquartered in Seoul, South Korea.

How many employees does Megazone Cloud have?

As of Jun 30, 2026, the latest employee count at Megazone Cloud is 917.

Is Megazone Cloud a funded company?

Megazone Cloud is a funded company, having raised a total of $515M across 3 funding rounds to date. The company's 1st funding round was a $45M Series A round, raised on Mar 12, 2019.

How much is Megazone Cloud worth?

The latest valuation of Megazone Cloud is $1.86B as of Aug 10, 2022.

When was the latest funding round of Megazone Cloud?

Megazone Cloud's latest funding was a $343M Series C round on Aug 10, 2022, with participation from 2 investors.

Is Megazone Cloud a IT Services company?

The primary sector of Megazone Cloud is IT Services.

Where does Megazone Cloud rank among its competitors?

Megazone Cloud ranks 3rd amongst 2617 active competitors, of which 103 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Kingdee, which secured $200M in Dec, 2023.

Who are the top competitors of Megazone Cloud?

Megazone Cloud's top competitors include Rackspace, Crayon and Mission. Among them, Kingdee secured the most recent funding round in December, 2023.

Megazone Cloud - 2026 Company Profile, Funding, Competitors & Financials

Megazone Cloud is a series C company based in Seoul (South Korea), founded in 2018. It operates as a Provider of cloud computing services. Megazone Cloud has raised $515M in funding from investors like Stonebridge Capital, Korean Development Bank and KB Financial Group, with a current valuation of $1.86B. The company has 2617 active competitors, including 103 funded and 238 that have exited. Its top competitors include companies like Rackspace, Crayon and Mission.

Sectors and market segments that Megazone Cloud operate in

Megazone Cloud serves in the Business Services market segments.The primary business model of Megazone Cloud is:

Business Services > IT Services > ***** **** > ***** ******

Company Details

Provider of cloud computing services. It specializes in Amazon Web Services cloud and its offerings include architectural consulting, deployment and managed services.

Website: www.megazone.com/us
Social
Email ID: *****@megazone.com
Phone Number: +82 **********

Key Metrics

Founded Year

2018

Location

Seoul, South Korea

Stage

Series C

Total Funding

$515M in 3 rounds

Latest Funding Round

Series C, Aug 10, 2022, $343M

Post Money Valuation

$1.86B as on Aug 10, 2022

Investors

Stonebridge Capital & 19 more

Ranked

3^rd among 2617 active competitors

Employee Count

917 as on Jun 30, 2026

Investment & Acquisitions

now.gg & 2 more

Similar Companies

Rackspace & 3285 more

View Megazone Cloud's full profile

Megazone Cloud is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Megazone Cloud Co., Ltd. CIN: 2328800982 , South Korea, Active	Jul 02, 2018	-	-	-

Megazone Cloud has raised a total funding of $515M over 3 rounds. Its first funding round was on Mar 12, 2019. Its latest funding round was a Series C round on Aug 10, 2022 for $343M. 2 investors participated in its latest round. Megazone Cloud has 20 institutional investors.

Here is the list of recent funding rounds of Megazone Cloud:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Aug 10, 2022	$343M	Series C	$1.86B	1.8x	-	MBK Partners, IMM Holdings
Dec 03, 2020	$127M	Series B	-	-	KB Investment, Samsung Securities, BNK Securities, JKL Partners, Stonebridge Capital, Kakao Investment, CJ Investment, Korea Investment Holdings	-
Mar 12, 2019	$45M	Series A	-	-	National Pension Service, Korean Development Bank, Korea Investment Holdings, KB Financial Group, Now IB Capital	-

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View details of Megazone Cloud's funding rounds and investors

Megazone Cloud's employee count trend

Megazone Cloud has 917 employees as of Jun 26. Here is Megazone Cloud's employee count trend over the years:

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Top competitors of Megazone Cloud include Rackspace, Crayon and Mission. Here is the list of Top 10 competitors of Megazone Cloud, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Rackspace 1998, San Antonio (United States), Public	Provider of multicloud solutions, AI, data, and cybersecurity and resilience	$17.8M	Norwest, Red Hat & 12 others	73/100
2nd	Crayon 2002, Oslo (Norway), Acquired	Provider of software asset management, volume licensing, and cloud migration services	$12M	Pratithi Investments, Softline & 6 others	67/100
3rd	Megazone Cloud 2018, Seoul (South Korea), Series C	Provider of cloud computing services	$515M	JKL Partners, Salesforce Ventures & 18 others	63/100
4th	Mission 2001, Los Angeles (United States), Acquired	AWS cloud and AI services provider, optimizing cloud investments	$107M	Great Hill Partners, SVB Equity Capital	63/100
5th	Kingdee 1993, Shenzhen (China), Public	Enterprise Information System provider	$2.42M	Qatar Investment Authority, Herald Investment Management ... & 7 others	62/100
6th	Tetrate 2017, San Francisco (United States), Series B	Provides cloud services	$52.5M	Sapphire Ventures, Dell Technologies Capital ... & 15 others	61/100
7th	Nordcloud 2011, Helsinki (Finland), Acquired	Cloud advisory, automation, and management services	$23.7M	Finnvera, OP Corporate Bank & 3 others	60/100
8th	Netgain 2000, Saint Cloud (United States), Acquired	IT service provider	$50M	Bluff Point Associates	56/100
9th	RapidScale 2008, Irvine (United States), Acquired	Offers managed cloud and customized cloud solutions.	$750K	-	56/100
10th	CoSo Cloud 2007, San Francisco (United States), Acquired	Cloud-based virtual classroom platform for enterprises	$13M	Frontier Capital, Seabury Venture Partners	56/100

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Megazone Cloud has made 3 investments including now.gg, GXC and Kaldea. Megazone Cloud has not made any acquisitions as of now.

Here is the list of its investments:

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Feb 11, 2023	Investments	now.gg	2020	Campbell (United States)
Jan 15, 2022	Investments	GXC	2021	Jeju-si (South Korea)
Dec 29, 2021	Investments	Kaldea	2019	San Francisco (United States)