HyperConnect, the company which created the popular video messaging app, Azar, has reportedly raised $8.6 Million from SoftBank and Altos Ventures. This is the second considerable funding round for the company after Alts Ventures had invested $ 2 Million in December last year.
Azar is one of the match making apps which lets users connect directly via video instantly if they make a match on the app. The app shows suggestions in the same way as Tinder and you have to swipe right or left in order to show your interest in the suggested profile. The company claims that the app has been downloaded for over 12 million times till now with over a billion matches already.
Till now, the app has been launched in 21 languages and has user base in over 200 countries. Most of the users of the app come from Middle east Asia and Turkey.
“Compared to other video messengers, Hyperconnect [uses] technology that requires less network bandwidth while maintaining high-quality resolution. It also [uses less] battery consumption. This is why many of the users are in the Middle East and Turkey, where the Internet environment isn’t as fast as other countries,” JP Lee, Investment Director of SoftBank Ventures Korea