SendBird Raises $52M in Series B Funding

sendbirdSendBird, a San Mateo, CA-based provider of a customizable chat and messaging API service for mobile and web applications, closed a $52m series B round of funding.

The round was led by Iconiq Capital with participation from existing investors Shasta Ventures, August Capital, Y Combinator, and Funders Club. In conjunction with the funding, Matthew Jacobson, General Partner at Iconiq Capital, joined SendBird’s board.

The company intends to use the funds to scale operations and address today’s $4.2 billion service addressable market for user-to-user messaging services.

Led by CEO John S. Kim and CTO Harry Kim, SendBird provides a customizable chat and messaging platform with a managed infrastructure for mobile and web applications. The system, which now works with nearly 12,000 applications and 50,000 developers, also offers Software Development Kits (SDK) and API, front­ and back­end technology for businesses to launch a customized in-­app messaging experience quickly and at scale. The platform powers in-­app conversation for leading companies in industries ranging from marketplaces, on­-demand, and gaming to online communities, video streaming, and healthcare. The SDKs are available for almost any platform, including iOS, Android, Javascript, React Native, .NET, and Unity.

The company serves top global customers including NBA, Yahoo! Sports, GO-­JEK, Carousell, Virgin Mobile UAE, SEGA, Wargaming, Glu Mobile, Healthline, TriNet, Accolade, Yell, Hinge, Kookmin Bank, LG U+, SSG.



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