• About
  • Contact
Monday, April 19, 2021
Next Big Brand
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • Cryptocurrency
  • Retail
  • Tech
  • Case Study
  • Interview
No Result
View All Result
Next Big Brand
Home News

Founded By Ex-Qualcomm & Wipro Executives, CloudWorx Receives Seed Funding

Pritish raj by Pritish raj
July 23, 2020
in News, Startup
3 min read
0
CloudWorx Seed Funding- Next Big Brand

CloudWorx Seed Funding- Next Big Brand

Share on FacebookShare on Twitter
  • CloudWorx, an Internet of Things ( IoT) no-code platform and smart home companies, has received seed funding from a clutch of investors, said chief executive Yuvraj Tomar.

CloudWorx Pvt Technologies. Ltd, an Internet of Things ( IoT) no-code platform and smart home companies, has received seed funding from a clutch of investors, said chief executive Yuvraj Tomar.

Tomar said CloudWorx received seed funding for tech startups from angel investment company LetsVenture, angel network Faad Network, and AppyHigh Technology LLP. He had not disclosed the financial details.

The company will use the funds to build up its team and launch its consumer product by the end of the year, he said.

Tomar launched the startup last December along with CloudWorx’s Chief Technology Officer Pushpahas Bettad and the Chief Business Officer Dinesh Mohan Prasad.

The company’s Autocode software, which lets users build and publish applications, games, and servers without any code writing, is at a beta level. Yet it also has a number of companies as paying clients, including one in the US.

It also plans to use the funds to get into the European Union and the US.

This isn’t the first attempt at entrepreneurship for Tomar. He had founded Thinqbot Technologies Pvt earlier. Ltd., manufacturer of a home automation solution. A graduate of the Chandigarh Punjab Engineering College, he had previously worked with companies including Wipro, Google, and Cisco.

Bettad, a graduate of Thinqbot ‘s National Institute of Engineering, Mysore, was previously named cloud engineer at Thinqbot and worked with Wipro before. Prior to that, Prasad was head of apps for India and South Asia at Qualcomm. He has also been an active investor and consultant to businesses and startups, Tomar said.

CloudWorx joins a handful of companies that build no-coding systems this year to gain venture capital investments.

Just last month, the US-based enterprise automation startup JIFFY.ai raised $18 million in its Nexus Investment Partners Series A funding round. JIFFY.ai released the first centralized finance and operations automation and no-code software creation platform.

CodeNinja.ai Inc., which runs the no-coding platform CodeNinjai.ai based software-as-a-service ( SaaS), received seed funding from angel investors in May. This was collecting money from LetsVenture ‘s Early Adapters Syndicate.

Kuliza Technologies Pvt, last year. Ltd ‘s received a US investor’s venture capital. The company had said it would concentrate on a financial company no-code platform that would help its clients build applications easily without coding.

Investors

In recent months LetsVenture has been very involved in negotiating deals. His Early Adapters Syndicate (EaSyndicate) just last week invested in the PumPumPum company for used car leasing. LetsVenture has also recently invested in the MitronTV social video platform, and the Blu Smart Mobility autonomous taxi-hailing and riding app.

In May, a new forum for ultra-high-net-worth individuals (UHNIs) and family offices called LetsVenture Plus was floated by LetsVenture. The platform operates on an invitation-only basis and will allow both UHNIs and family offices to invest in startups in the growth stage.

In 2015 Faad Network started as a provider of start-up services. In 2017, it made its first angel investment in ClearDekho online eyewear marketplace and has invested in other start-ups such as Fella Feeds customer feedback analytics software and Stylework, a co-working startup.

Co-founder and director Karan Verma told Next Big Brand that the angel network is investing between $50,000 and $500,000 in early-stage startups.

Founded in 2015, AppyHigh helps technology companies expand their business and co-publish developer apps.

Previous Post

Virat Kohli Is Most Visible Celebrity On TV Followed By Akshay Kumar: Tam AdEx

Next Post

Gaurav Taneja 'Flying Beast' Is Top Vlogging YouTube Channel In India

Pritish raj

Pritish raj

Pritish Raj is a content writer at Next Big Brand. Hailing from the diversified state of Bihar, he is an engineer by education who chooses the way of poetry, photography, and writing to kick off his career. Highly enthusiastic about brands and startups, he aims to be a travel content creator.

Related Posts

Pine Labs Acquires Fave in Deal Valued over $45 Million
Case Study

Pine Labs – Transforming the Digital Transaction Environment

April 17, 2021
boAt Raises Rs 50 Crore from Qualcomm Ventures
Media

boAt Raises Rs 50 Crore from Qualcomm Ventures

April 16, 2021
60% of Indian CMOs to have budgets for influencer marketing in 2021:ClanConnect
Case Study

60% of Indian CMOs to have budgets for influencer marketing in 2021:ClanConnect

April 16, 2021
Sachin Bansal’s Chaitanya India Fin Credit Applies for Universal Bank License
Industries

Sachin Bansal’s Chaitanya India Fin Credit Applies for Universal Bank License

April 16, 2021
Vahdam India Recorded a 110% YoY Growth in FY21
Food

Vahdam India Recorded a 110% YoY Growth in FY21

April 15, 2021
Swiggy to Raise $450 million from SoftBank Vision Fund
Food

Swiggy to Raise $450 million from SoftBank Vision Fund

April 15, 2021
Next Post
Flying Beast Gaurav Taneja YouTube Channel- Next Big Brand

Gaurav Taneja 'Flying Beast' Is Top Vlogging YouTube Channel In India

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

RECOMMENDED NEWS

Jio logo

Reliance Jio Becomes First Indian Mobile Operator To Cross 40 Crore Subscriber Mark

6 months ago
The gas-less ad by Fogg caught major attention

Fogg: The Brand On Every Indian’s Shelf, means “Friend Of Good Guys”

2 years ago
Justdial Launches JD Mart, an Exclusive B2B Sellers Platform

Justdial Launches JD Mart, an Exclusive B2B Sellers Platform

2 months ago
Patanjali Group Ayurved- Next Big Brand

Patanjali Group Looks At ₹25K Crores Turnover In FY20

1 year ago

FOLLOW US

  • 33.8k Fans

BROWSE BY TOPICS

2018 League amazon Amazon Great Indian Sale Amazon Prime Apple Apple Inc Automobile Industry Balinese Culture Bali United Budget Travel Champions League Chopper Bike Doctor Terawan facebook Facebook app future group hotstar Indian OTT Platforms Indian Smartphone Market Istana Negara Jio Market Stories Maruti Suzuki National Exam Netflix Netflix India Netflix Originals oppo OTT OYO Realme Reliance Industries Limited Reliance Jio RIL Samsung Tata Motors Tiktok TikTok India TikTok Videos Visit Bali Vivo whatsapp Xiaomi Xiaomi India YouTube
Next Big Brand

We Talk About Brands

Follow us on social media:

Recent News

  • Pine Labs – Transforming the Digital Transaction Environment
  • Gupshup: Providing Secured Feature Rich Bot Platforms to its Clients
  • boAt Raises Rs 50 Crore from Qualcomm Ventures

Instagram

Follow Me!

Latest News

Pine Labs Acquires Fave in Deal Valued over $45 Million

Pine Labs – Transforming the Digital Transaction Environment

April 17, 2021
Gupshup Raises $100 Million, Joins Unicorn Club

Gupshup: Providing Secured Feature Rich Bot Platforms to its Clients

April 17, 2021
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA Policy
  • Our Team
  • Contact Us
  • Sitemap

© 2019 NBB. All Rights Reserved.

No Result
View All Result
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • Cryptocurrency
  • Retail
  • Tech
  • Case Study
  • Interview

© 2019 NBB. All Rights Reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.