AI All Funding Startup News in Korea (Korean Startup News)

Sherpas Secures Funding for AI-Based ‘Saas and IT Asset Management’ Service

2024-04-09 2 min read


Sherpas Secures Funding for AI-Based ‘Saas and IT Asset Management’ Service

Reading Time: 2 minutes

Sherpas, a South Korean company that operates SMPLY, a SaaS and IT asset management service, has successfully raised pre-Series A funding from BonAngels Venture Partners. SMPLY leverages AI for IT asset management (ITAM), making it simpler to track all SaaS applications and IT devices within a company, including details on payments, users, and usage history.

Founded in June 2023, Sherpas quickly secured seed investment from KB Investment and was selected for the TIPS program. By the end of that year, the company had launched SMPLY and, within six months, had acquired around 100 corporate clients. It has notably attracted rapidly growing companies as clients and has been instrumental in transforming inefficient IT asset management processes within these organizations, fueling its growth.

Kim Tae-nyeon, a partner at BonAngels Venture Partners, commented, “Sherpas is a startup whose team has a wealth of experience in supporting the growth of domestic and international startups from their inception to becoming unicorns. They have a clear understanding of the challenges companies face with increasing management costs due to the growing number of SaaS applications they use. We believe in Sherpas’ ability to address these challenges, which is why we decided to invest. The Sherpas team, with its long-standing analysis of the need for SaaS management while working in startups, is expected to introduce a service capable of revolutionizing the market.”

Lee Ji-hoon, CEO of Sherpas, emphasized, “Small and medium-sized enterprises encounter numerous challenges due to inefficiencies in management. Addressing these challenges is essential. By adopting SMPLY, companies will be able to concentrate more on their core activities, thereby generating greater value.”

[Korean B2B SaaS Startup News]

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