ashishme
Replies to this thread:
More by ashishme
What people are reading
Subscribers
Please log in to subscribe to ashishme's postings.
:: Subscribe
|
Nepal Startup CloudFactory Raises $700,000 Round of Funding
|
[VIEWED 2256
TIMES]
|
SAVE! for ease of future access.
|
|
|
|
ashishme
Please log in to subscribe to ashishme's postings.
Posted on 03-02-13 11:50
AM
Reply
[Subscribe]
|
Login in to Rate this Post:
0 
? 
|
| |
By custerc | Tech in Asia – Thu, Sep 27, 2012
We like to keep an eye on the really cool startups when we find them, and they don't come much cooler than Nepal-based CloudFactory. The service, which we looked at back in March, aims to put a million people to work in developing nations by giving them relatively simple computer-based tasks to complete for corporate clients looking to outsource work like flagging bad content, inputting data, transcribing audio, fixing OCR, tagging images, etc. It is that most perfect of startup concepts: one that seems to boast potential profitability while also providing jobs to tons of people who need them.
It looks like investors are as impressed with CloudFactory as we are, because the company has just raised $700,000 in an oversubscribed round of funding from investors in the US. CloudFactory claims that because the company's burn rate is "one-tenth" that of startups in Silicon Valley, this is roughly equivalent to a US startup raising a $7 million round. Not too shabby!
The wheels are apparently spinning pretty fast at CloudFactory too; the company is reportedly processing more than half a million tasks per month, and has plans to expand to "more than a dozen" countries. It's an ambitious plan to be sure, but CloudFactory's success so far, in combination with this latest round of fundraising, puts it in a pretty good position to take a real shot at its 'one million cloud workers' goal.
|
| |
|
|
|
|
ashishme
Please log in to subscribe to ashishme's postings.
Posted on 03-02-13 11:51
AM
Reply
[Subscribe]
|
| Login in to Rate this Post:
0
?
|
| |
CloudFactory announces plans for 5,000 new computer jobs in Nepal this year
KATHMANDU - Feb 14, 2013 - CloudFactory, a technology startup based in Kathmandu, Nepal today announced its plans to hire 5,000 part-time data entry operators in Nepal by the end of this year. The social enterprise currently has 80 fulltime staff and almost 600 part-time operators. This latest growth plan comes after securing contracts with international clients wanting to use its worldclass technology platform to deliver data entry tasks to their talented workforce in Nepal.
“We are thrilled with the growing demand for CloudFactory’s services that now enables us to provide work opportunities to 5,000 more people in Nepal by end of this year,” said Mark Sears, Chief Executive Officer at CloudFactory. “This growth is a real testimony to the level of talent in Nepal. We have an amazing world class group of software engineers that have built our software and a dedicated group of data entry operators, all in Nepal.”
“At the Nepal Investment Board, our mandate is to promote the economic development of the country by creating an investment-friendly environment. We are excited about CloudFactory because they join us in two of our major goals creating employment opportunities and offering meaningful contribution to poverty alleviation,” says Radhesh Pant, Chief Executive Officer at Nepal Investment Board. Mr. Pant addressed a crowd of 300 people from CloudFactory today at the “We LOVE Nepal” event held at Big Cinemas in City Center Mall. Valentine’s day was chosen as a way to show the company’s commitment and love for the nation it started in and where it continues to have most of its operations.
Anyone in Nepal can take the initial test found at http://cloudfactory.com/apply and then form a team of 8 people to apply at CloudFactory. Many of the current cloud workers are college students who enjoy the flexibility of working from home 5 - 20 hours per week according to their own schedule.
|
| |
|
|
ashishme
Please log in to subscribe to ashishme's postings.
Posted on 03-02-13 11:53
AM [Snapshot: 19]
Reply
[Subscribe]
|
| Login in to Rate this Post:
0
?
|
| |
CloudFactory Acquires Key Crowdsourcing Competitor and Launches Next Generation Platform
Enterprise clients benefit with even greater accuracy and faster turnaround times
NEW YORK, NY, February 27, 2013 /PRNewswire/ - CloudFactory, a distributed workforce company for business automation, today announced the launch of the CloudFactory 2.0 Platform at Crowdopolis in downtown Manhattan. The new platform comes after CloudFactory acquired SpeakerText and Humanoid in October of 2012. Both were backed by investors such as Google Ventures, Dave McClure’s 500 Startups, Mitch Kapor and CrowdFlower CEO Lukas Biewald.
“They had the most advanced machine learning technology in the world for distributed workforces”, says CloudFactory CEO Mark Sears. “We took the best from both platforms in designing CloudFactory 2.0. We can now provide our clients with even better accuracy, faster turnaround times and more advanced workflows to automate their business processes.”
CloudFactory’s growing base of enterprise clients are all companies that were looking for ways to automate core aspects of their business. Many had outsourced their work to India and the Philippines. Others were doing the data entry in-house. Initial results from CloudFactory 2.0 have seen dramatic increases compared to what clients had experienced with previous alternatives. “CloudFactory has sped up and doubled our medical form processing capacity, even identifying errors made by our seasoned internal staff!” said Kyle Powell, CEO of SureHire.
CloudFactory has seen their volume of tasks soar over the last few months. “It took us 8 months to process our first million tasks. Now we are doing 1 million tasks every week.” said Sears. The combination of CloudFactory’s new software platform along with their dedicated, highly trained workforce is unique in the industry. It provides for what they call “accuracy at scale.” Because of this, CloudFactory was recently ranked at the top of the space by industry analysts, GigaOM.
About CloudFactory
CloudFactory is a distributed workforce company for business automation. Typical clients have large volumes of data entry, data collection or data processing work where quality is the critical component. The work is broken down into microtasks that are completed along "virtual assembly lines" by CloudFactory's global, on-demand, managed workforce. As a social enterprise, CloudFactory exists to connect 1 million people in developing countries to basic computer work while raising them up as leaders to address poverty in their own communities.
About Crowdopolis
Crowdopolis is a major crowdsourcing conference taking place in New York, NY on February 27 & 28, 2013. The conference is geared towards Fortune 1000 managers & focuses on educating the attendees on the implications crowdsourcing will have on the advertising, tech, & content marketing fields in the next 3 years.
|
| |
Please Log in! to be able to reply! If you don't have a login, please register here.
YOU CAN ALSO
IN ORDER TO POST!
Within last 30 days
| Recommended Popular Threads |
Controvertial Threads |
| TPS Re-registration case still pending .. |
| nrn citizenship |
| ढ्याउ गर्दा दसैँको खसी गनाउच |
| अमेरिकामा बस्ने प्राय जस्तो नेपालीहरु सबै मध्यम बर्गीय अथवा माथि (higher than middle class) |
| कल्लाई मुर्ख भन्या ? |
| Travelling to Nepal - TPS AP- PASSPORT |
| Morning dharahara |
| मन भित्र को पत्रै पत्र! |
| Guess how many vaccines a one year old baby is given |
| emergency donation needed |
| Elderly parents travelling to US (any suggestions besides Special Assistance)? |
| जाडो, बा र म…… |
| Susta Susta Degree Maile REMIXED version |
| 1974 AD Pinjadako Suga Remixed |
|
|
NOTE: The opinions
here represent the opinions of the individual posters, and not of Sajha.com.
It is not possible for sajha.com to monitor all the postings, since sajha.com merely seeks to provide a cyber location for discussing ideas and concerns related to Nepal and the Nepalis. Please send an email to admin@sajha.com using a valid email address
if you want any posting to be considered for deletion. Your request will be
handled on a one to one basis. Sajha.com is a service please don't abuse it.
- Thanks.
|
.png)
