Bath, UK, 14th November 2013 – UK technology startup CloudFind (www.cloudfindhq.com) today announced that it has attracted a further £460k of investment for its plans to transform how companies find, share and organize their information. This latest equity investment takes Cloudfind’s funding to date to over £700k ($1m).
Cloudfind’s technology addresses an issue that every company recognizes: how to find the right information quickly from thousands of folders and millions of files. “The potential to save time and cost, and streamline day to day operations for businesses of all kinds is simply huge,” commented Cloudfind CEO, Sebastian Toke-Nichols.
According to Cloudfind, companies are finding it increasingly difficult to keep information organized, even with sophisticated search and collaboration tools. Growing volumes of enterprise files and the rapid growth in cloud storage only add to the complexity. “Conventional methods for searching and organizing information are becoming increasingly inadequate,” Toke-Nichols added. “It’s like looking for a needle in a field of haystacks.”
Cloudfind solves the problem with sophisticated algorithms that automatically and intelligently “tag” information and documents from across cloud storage providers, such as Google Drive, Box and Dropbox. To find the files they need, users simply click on tags, rather than having to review long lists of search results or browse through folders. By integrating with enterprise applications such as Salesforce.com, Cloudfind makes the process even more seamless, saving valuable time and keeping business processes running smoothly.
Toke-Nichols added: “This additional funding demonstrates the huge interest and potential in this area, and a vote of confidence in Cloudfind from experienced technology investors.” The company plans to recruit up to 20 additional staff during 2014 to develop its technology further and tap worldwide market potential.
Cloudfind will be in San Francisco, November 18-21 for Dreamforce, the world’s largest technology vendor-led event, attracting 120,000 Salesforce users, customers and partners.
Cloudfind develops software that helps companies find, share and organize their information. Created specifically to address the emerging challenges of cloud, software-as-a-service and hybrid information sources, Cloudfind’s innovations are revolutionary and timely. Established in 2011, our vision is to simplify processes between information creators and users in the cloud era, enabling businesses to operate with greater consistency, efficiency and transparency. Cloudfind partners with Salesforce implementers and resellers to provide solutions in multiple verticals including financial services, real estate, pharmaceuticals and healthcare. The company is headquartered in Bath, UK.
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