Investments, News

Gesture Technology Startup Cube26 Raises $7.7M from Tiger Global and Flipkart

Gesturestartup, Cube26 has raised over $7.7 million in seed round of funding led by Tiger Global and Flipkart.


The investment shows Flipkart’s chase for innovation to stay agile and gain an edge over rivals. (source)

According to industry estimates, the company is valued at $75-80 million. 85% of the raised capital shall be used for team building, developing its technology and R&D. Also, a section of the fund would be utilized in making an entry into new areas such asĀ  B2C products and developing more B2B tie-ups.

Interestingly, earlier in this month only, the startup announced an undisclosed investment from Tiger Global.

Founded by Saurav Kumar, Aakash Jain and Abhilekh Agarwal in 2012, Cube 26 is a company that makes gesture recognition technology for smart phone manufacturers and OEMs. It helps software manufacturers add customization options through gestures and voice-enabled features. The startup already assists Flipkart and other eCommerce companies in customer acquisition.

Gesture recognition technology is the mathematical interpretation of a human motion by a computing device. Gesture recognition, along with facial recognition, voice recognition, eye tracking and lip movement recognition are components of what developers refer to as a perceptual user interface (PUI). The goal of PUI is to enhance the efficiency and ease of use for the underlying logical design of a stored program, a design discipline known as usability.

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