Fundingwire is your quick summary of notable investments made in the technology space. The firms which have recently raised investment include FarEye, Uolo, Kstart and STAQU.
FarEye Raises $3.5M in Series A funding
Delhi-based FarEye, a software-as-a-service based mobile workforce management platform, has raised $3.5M in Series A funding from SAIF Partners. FarEye, run by RoboticWares Pvt. Ltd, also plans to double its staff strength and hire people in sales, delivery and product divisions. It currently has a team of 30 people.
Established in 2013 by Kushal Nahata, Gaurav Srivastava and Gautam Kumar, FarEye – a productivity tool for enterprises as well as the workforce – was launched with an aim to solve the last-mile delivery issues on a mobile platform. The funds raised will be used for business expansion to other territories. Read More
Uolo Secured $210K in Seed Funding
Student education tracking app Uolo, run by Uolo Technology Pvt. Ltd, has raised $210K in seed funding from Purvi Ventures, Sunstone Business School director Rajul Garg and Vipin Arora. The funds will be used to upgrade the tech infrastructure, and on-board more schools, the company will also focus on expanding its services to north India. Currently, the Uolo app has 200 schools on board in 20 cities in south India. Read More
Kstart Invests $500k in Parablu
Kstart, a startup accelerator run by venture capital (VC) firm Kalaari Capital, has invested $500K in Parablu Inc., Parablu was founded by Anand Prahlad and Ananda Rao Ladi in 2014 and provides intelligent cloud access security broker (CASB) enabled cloud security solutions for enterprises, enabling them to store business assets on the cloud.The company will invest the funds in team expansion, marketing and distribution activities. Read More
STAQU Raises Funding from IAN
Indian Angel Network, announced undisclosed investment in Gurgaon-based Staqu, an Artificial Intelligence (AI) focused research startup working in automated image understanding technology. Bikky Khosla, Neeraj Singal and Ajay Gupta led the round on behalf of IAN. The funding will be used to further build and democratize technology and strengthen the team. Read More