Hyperconnect Company Profile
Hyperconnect, founded in 2014 and headquartered in Seoul, South Korea, is a cloud-based mobile communication and social entertainment platform leveraging AI and machine learning to offer real-time video chat and live-streaming social discovery products, was acquired by Match Group in a $1.75 billion deal in 2021, operates as a subsidiary with 325 employees as of 2024, and competes with companies like Hily, Imo, and Slack.
Overview
Hyperconnect is a developer of a cloud-based mobile communication and social entertainment platform designed to connect people through shared interests. The company's platform leverages artificial intelligence and machine learning technology and offers social discovery products, including real-time video chat applications and a social live-streaming platform. This enables users to interact, network, and experience new cultures.
- Year Founded: 2014
- Status: Acquired/Merged
- Employees: 325 (as of 2024)
- Latest Deal Type: Merger/Acquisition
- Latest Deal Amount: $1.75B
- Ownership Status: Acquired/Merged (Operating Subsidiary)
- Financing Status: Formerly VC-backed
- Corporate Office:
- 20th Floor, ASEM Tower, 517
- Yeongdong-daero, Gangnam-gu
- Seoul, Gangnam-gu, South Korea
- Website: www.hyperconnect.com
- Primary Industry: Social/Platform Software
- Other Industries: Communication Software, Application Software
- Parent Company: Match Group
- Verticals: Artificial Intelligence & Machine Learning
Valuation & Funding
- Merger/Acquisition: 17-Jun-2021, $1.75B, Completed, Generating Revenue
- Later Stage VC: 31-Aug-2020, Completed, Generating Revenue
- Early Stage VC (Series A): 17-Nov-2015, $8.6M (Raised to Date: $10.6M), Completed, Generating Revenue
- Seed Round: 25-Dec-2014, $2M (Raised to Date: $2M), Completed, Generating Revenue
Competitors
Some of Hyperconnect’s competitors include:
- Hily (Las Vegas, NV)
- Imo (Palo Alto, CA)
- X (Social/Platform Software) (Bastrop, TX)
- Cantina (New York, NY)
- Slack (San Francisco, CA)
Former Investors
- Altos Ventures (Venture Capital, Minority Holding)
- Korea Investment Partners (Venture Capital, Minority Holding)
- SBVA (Venture Capital, Minority Holding)
FAQs
When was Hyperconnect founded?
Hyperconnect was founded in 2014.
Where is Hyperconnect headquartered?
Hyperconnect is headquartered in Seoul, South Korea.
What is the size of Hyperconnect?
Hyperconnect has 325 total employees.
What industry is Hyperconnect in?
Hyperconnect’s primary industry is Social/Platform Software.
Is Hyperconnect a private or public company?
Hyperconnect is a private company.
What is the current valuation of Hyperconnect?
The current valuation of Hyperconnect is not specified.
What is Hyperconnect’s current revenue?
The current revenue for Hyperconnect is not specified.
How much funding has Hyperconnect raised over time?
Hyperconnect has raised $348M.
Who are Hyperconnect’s investors?
Altos Ventures, Korea Investment Partners, and SBVA have invested in Hyperconnect.
Who are Hyperconnect’s competitors?
Hily, Imo, X (Social/Platform Software), Cantina, and Slack are some of the 34 competitors of Hyperconnect.
When was Hyperconnect acquired?
Hyperconnect was acquired on 17-Jun-2021.
Who acquired Hyperconnect?
Hyperconnect was acquired by Match Group.