A series A round headed by Altara Ventures garnered $8 million for the South Korean data research platform Hyperlounge. Participants included investors from Uclick, FuturePlay, Stonebridge Capital, BA Partners, Yukyung PSG Asset Management, and Nextrans.
The SaaS firm, founded in 2020 by Jungin Kim, provides small and medium-sized businesses with real-time business data analytics and management capabilities. Data integration automation, data onboarding modularization, and management analysis tailored to the sector are some of its characteristics.
Clients may get curated and automated insights using Hyperlounge’s software, which is offered in PC and mobile app versions, to ensure effective management.
The platform has drawn 23 businesses across the manufacturing, industrial, business-to-business, and consumer products verticals since its February 2022 debut.
By 2030, the worldwide SaaS market is anticipated to develop at a compound yearly growth rate of 17.3%, reaching US $381 billion.
