Nuvepro secures $400,000 seed funding through 1Crowd to fuel growth
Cloud solutions provider, Nuvepro has received a sizable investment from 1Crowd, angel investment company.
- The investment will be used for research and development by Nuvepro.
- Nuvepro startup was founded in 2014.
- It was founded by Janakiraman S, Giridhar LV, Umesh Bhatt, Moyukh Goswami and Rajesh Vasudevan.
Managed cloud environment solutions provider, Nuvepro, on Tuesday announced that it has raised $400,000 investment led by 1Crowd and its investor community.
“The investment will be used to deepen their R&D efforts and continue to expand into the worldwide market,” the company said.
Its investor, 1Crowd, is an angel investment platform focused on early stage ventures. The company claimed to have more than 500 investors, 50 mentors and has made over 12 investments since March 2016.
“With the funds, the company will be able to leverage 1Crowd’s ecosystem of mentors, industry connects and investor community to benefit from strategic to operational support,” Nuvepro said.
Nuvepro startup was founded in 2014 by Janakiraman S, Giridhar LV, Umesh Bhatt, Moyukh Goswami and Rajesh Vasudevan.
“80% of enterprises are using the cloud. However, the CIOs are still finding it challenging to increase the cloud adoption and utilisation. The returns on their cloud investments are far from realised. Nuvepro was founded with a singular vision to make the cloud work, help CIOs make the most of their cloud investments and enable them to take the competitive-edge,” Giridhar LV, CEO, Nuvepro said.
The Nuvepro platform ensures that CIOs have complete control over resources, hierarchy, and subscription management. The embedded analytics provides insights that will help CIOs to track the cloud usage, optimize the resources and cut costs by over 50%, the company said.
Commenting on its investment Anup Kuruvilla, Co-Founder of 1Crowd, said “Microsoft Azure and Amazon web services have made strong strides in moving resources to the cloud and making the value proposition for enterprises attractive. We believe Nuvepro would be able to form a crucial bridge between enterprises and cloud providers by driving faster adoption. The underlying business model of providing ready to use cloud infrastructure available on a subscription or pay per go basis is also a strong pull for enterprises.”