What is CloudFactory?
CloudFactory provides a cloud workforce for machine learning and business data processing. Founded in 2010 and headquartered in Durham, North Carolina, the company leverages a global talent pool to deliver high-quality data annotation and processing services. This strategic capital infusion is expected to fuel further expansion and technological development in the competitive AI and data services market.
How much funding has CloudFactory raised?
CloudFactory has raised a total of $78M across 5 funding rounds:
Unspecified
$700K
Series A
$3M
Private Equity
$2M
Series B
$7.3M
Private Equity
$65M
Unspecified (2012): $700K, investors not publicly disclosed
Series A (2014): $3M, investors not publicly disclosed
Private Equity (2015): $2M supported by The Rockefeller Foundation
Series B (2017): $7.3M featuring Dolma Impact Fund and Tsef
Private Equity (2019): $65M backed by Weatherford Capital and FTV Capital
Key Investors in CloudFactory
FTV Capital
FTV Capital is a growth equity firm that invests in innovative software, financial services, and payments companies. They focus on backing market-leading companies with strong management teams and significant growth potential.
The Rockefeller Foundation
The Rockefeller Foundation, established in 1913, is dedicated to promoting the well-being of humanity worldwide. They support initiatives that address global challenges and foster sustainable development.
Dolma Impact Fund
Dolma Impact Fund specializes in impactful investments across healthcare, technology, and renewable energy in Nepal, aiming to achieve Sustainable Development Goals and foster positive change through responsible investment practices.
What's next for CloudFactory?
The substantial enterprise-level funding positions CloudFactory for accelerated growth and market leadership. The company is likely to invest in scaling its operations, enhancing its technology platform, and expanding its client base. This strategic backing suggests a focus on solidifying its position as a key player in the machine learning and business data processing ecosystem, potentially exploring new service offerings or geographic markets.
See full CloudFactory company page
