What is CloudFactory?
CloudFactory operates as a cloud workforce provider, specializing in machine learning and business data processing. Headquartered in Durham, North Carolina, the company leverages a global talent pool to deliver data annotation and processing services essential for AI development and business intelligence. Its mission is to provide meaningful work to people in developing countries while offering scalable, high-quality data solutions to enterprises worldwide.
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
Dolma Impact Fund
Dolma Fund Management is an impact-focused investment firm specializing in healthcare, technology, and renewable energy in Nepal, committed to Sustainable Development Goals and responsible investment practices.
The Rockefeller Foundation
The Rockefeller Foundation, established in 1913, is dedicated to promoting the well-being of humanity globally, with its headquarters in New York City.
FTV Capital
FTV Capital is a growth equity investor focused on technology and financial services, known for backing innovative companies and providing strategic guidance to accelerate their expansion.
What's next for CloudFactory?
The recent major strategic investment signals CloudFactory's readiness for its next phase of scaling and innovation. This capital infusion is expected to accelerate product development, enhance its global operational capacity, and further solidify its competitive advantage in the rapidly evolving AI and data services market. The company is poised to capitalize on the increasing demand for sophisticated data processing solutions, aiming to expand its market reach and deepen its technological capabilities.
See full CloudFactory company page
