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- OKESTRO
OKESTRO Valuation, Funding & Investors
OKESTRO is valued at $422M as of December 2023.
Last OKESTRO valuation
$422M
Series B · Dec 2023
Last OKESTRO funding round
$100M
Series B · Dec 2023
Cumulative funding OKESTRO raised
$115M
across 2 funding rounds
Key investors in OKESTRO
IMM Investment
Korea Development Bank
Industrial Bank of Korea
STIC Investments
KEB Hana Bank
OKESTRO Overview
About OKESTRO
OKESTRO is a Seoul-based developer of cloud management and AIOps software solutions. Its platform unifies multi-cloud operations for enterprises using AWS, Azure, and GCP, providing automated provisioning, cost optimization, and anomaly detection via machine learning. OKESTRO serves Korean conglomerates and financial institutions with tools for infrastructure as code and real-time performance monitoring. The company expanded its offerings to include Kubernetes orchestration support in 2023, handling workloads across hybrid setups.
Founded
2018
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$422M (Dec 2023)
OKESTRO Valuation
OKESTRO is currently valued at $422M, based on its Series B in December 2023.
The $100M round was led by STIC Investments, with participation from Industrial Bank of Korea, IMM Investment, Korea Development Bank and KEB Hana Bank.
OKESTRO's valuation has grown 4.2x from $101M at its Series A in July 2022 to $422M in December 2023, across 2 priced rounds.
OKESTRO valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Dec 2023 | Series B | $422M |
| Jul 2022 | Series A | $101M |
OKESTRO Funding History
OKESTRO has raised a total of $115M across 2 funding rounds.
OKESTRO's first fundraising round was a $15M Series A in July 2022. The most recent completed round was a $100M Series B in December 2023.
OKESTRO funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Dec 2023 | Series B | STIC Investments (lead); Industrial Bank of Korea; IMM Investment; Korea Development Bank; KEB Hana Bank | $100M | $422M | Okestro is a Korean cloud software specialist providing the Okestro Cloud Platform, focused on cloud-native technologies and orchestration for the Fourth Industrial Revolution, including AI. The company secured a Series B funding round totaling KRW 130 billion on December 4, 2023, led by STIC Investment which contributed KRW 100 billion, with additional participation from IMM Investment, Industrial Bank of Korea (IBK), and Korea Development Bank (KDB). The round valued the company at KRW 630 billion post-money, equivalent to approximately $482.92M USD as reported in secondary sources. Existing shareholders also contributed KRW 30 billion. STIC Investment offered an additional investment option of KRW 200 billion. Okestro, founded five years prior, had grown to over 400 employees and plans to use the funds for large-scale recruitment of cloud-native talent, global expansion of its platform ecosystem via M&A, and establishing a KRW 30 billion startup fund to invest in domestic startups aligned with its platform. CEO Kim Min-jun emphasized attracting exceptional talent to expand the ecosystem globally through proactive M&A and the startup fund to perfect customer-centric cloud orchestration. A later incubator/accelerator round occurred in September 2024. |
| Jul 2022 | Series A | IMM Investment (lead) | $15M | $101M | OKESTRO is a cloud company founded four years prior to the investment. IMM Investment made a sole investment of 20 billion KRW in OKESTRO, marking the company's first external funding. The investment valued OKESTRO at 150 billion KRW post-money. |
Who has invested in OKESTRO?
5 investors have backed OKESTRO across its funding rounds, including IMM Investment, Korea Development Bank, Industrial Bank of Korea, STIC Investments and KEB Hana Bank.
Lead investors include STIC Investments and IMM Investment.
OKESTRO Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Jul 2022 | ||
| 1 | Lead | Dec 2023 | ||
| 1 | Participant | Dec 2023 | ||
This data is available for Pro users. Sign up to see all 5 OKESTRO investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialOKESTRO Competitors
OKESTRO competitors include listed companies like Hanyang Eng and Chrysos Corp., and private ones like Shenzhen Youkeshu Technology, Jeanologia, DaoCloud and AssetWatch.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $156M | - | $420M | 2.7x | ||
| Private | $72M | - | $431M | 6.0x | ||
| Private | - | - | $410M | - | ||
| Private | - | - | $437M | - | ||
| Publicly listed | $814M | $45M | $375M | - | ||
| Publicly listed | $63M | $19M | $531M | 8.5x |
OKESTRO Public Comps
OKESTRO is still privately-owned, but its public comps include Zhengzhou Jiean Hi-tech, Rand Worldwide, Hebei Gongda Keya Technology Group, AsiaInfo, Hanyang Eng, Shanghai Information2, Hansen Technologies, Nanjing TDH Technology, Wisesoft and Chrysos Corp..
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $54M | $9M | 7.2x | 6.6x | 42.9x | - | |||
| $222M | $19M | 1.8x | - | 21.8x | - | |||
| $69M | $9M | 5.7x | - | 45.7x | - | |||
| $940M | $39M | 0.3x | 0.3x | 8.1x | 7.9x | |||
| $814M | $45M | 0.3x | - | 5.1x | - | |||
| $28M | ($3M) | 10.3x | - | (109.9x) | - | |||
| $275M | $52M | 1.9x | 1.9x | 9.8x | 6.3x | |||
| $55M | ($14M) | 4.5x | - | (17.6x) | - | |||
This data is available for Pro users. Sign up to see all OKESTRO competitors and their valuation data. Start Free Trial | ||||||||
Common questions about OKESTRO
| When was OKESTRO founded? | OKESTRO was founded in 2018. |
| Where is OKESTRO headquartered? | OKESTRO is headquartered in Seoul, South Korea. |
| Is OKESTRO publicly listed? | No, OKESTRO is a private, VC-backed company. |
| What is OKESTRO's valuation? | OKESTRO was last valued at $422M in its Series B in December 2023. |
| How much funding has OKESTRO raised? | OKESTRO has raised $115M across 2 funding rounds. |
| What was OKESTRO's last funding round? | OKESTRO's last funding round was a $100M Series B in December 2023, led by STIC Investments. |
| Who are OKESTRO's investors? | OKESTRO's investors include IMM Investment, STIC Investments, Industrial Bank of Korea, Korea Development Bank and KEB Hana Bank. |
| Which companies are comparable to OKESTRO? | Companies comparable to OKESTRO include Shenzhen Youkeshu Technology, Jeanologia, DaoCloud, AssetWatch, Hanyang Eng and Chrysos Corp.. |
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