Hyperconnect is a Korean start-up ventured by SoftBank Ventures and Altos Ventures that has created what it calls the “first smartphone edition” of WebRTC. Many popular social media applications, including Azar, which uses a machine learning platform by complimenting each other focusing on one-on-one video conferences and Hakuna Live on the online live streaming market which allow users to connect to each other across language barriers.
- The organizations said in a press release that Asia accounts for 75% of Hyperconnect sales.
- Allows people who speak multiple languages to connect by communicating directly to their match rather than interrupting the interaction like texting does.
- Expects to improve customer loyalty by 10 to 20%.
Azar: Launched in 2014, a ground breaking social discovery product. Monetization is through in-app currency through additional features such as filters and decors. It is also said to be the the highest grossing non-gaming app on Google play.
Hakuna: Launched in 2019, Live streaming focuses on social interactivity. Monetization is by utilising virtual gifting option. Eventually scaling users and revenue with rapid growth.
Match and Hyperconnect share a philosophy: leveraging technologies and understand exactly to drive concrete communications through trustworthy brands that consumers trust. The cash-and-stock transaction is subject to regulatory clearance and is scheduled to close in the Q2 of 2021
According to a Google Cloud marketing post, Hyperconnect is a prominent user of the cloud service’s voice, real-time interpretation, and messaging APIs. Soon, It is expected to become the unicorn start-up in south Korea.
Match Group, the parent company of the dating app Tinder, has paid $1.725 billion in cash and shares for the purchase of Seoul-based start-up Hyperconnect to balance the market in Asian markets being the largest acquisition till dat
- The best part of Hyperconnect is that, It actually demands very less latency while retaining HQ resolution.
- Less Battery Life
- Highest customer base from Turkey and Middle East where the technology is not that speed compared to other countries.
Here are some app reviews given by the users on social media sites:
The COVID-19 pandemic has intensified the transition of internet and technology-focused firms, and optimistic capital markets with capital raisings present an incentive for investment funds. The current industrial transformation is also reviving the local mergers and acquisitions market.
Considering the company’s growth, it might come as a surprise that it has only received $10.6 million for outside investment from two partners. Even though Hyperconnect does seem to have a winning strategy, they may not require much capital as other tech companies.
This Blog is just for general knowledge purpose, all the data collected from published journals, articles and websites.
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