We’re incredibly excited to announce a $7.3 million Series B round from prominent impact investors including Dolma Impact Fund and The Social Entrepreneurs' Fund. The investment comes after the successful launch of WorkStreams™, which provide fast-growing companies an alternative to the stagnant outsourcing and dubious crowdsourcing options currently available.
DURHAM, N.C., October 10, 2014 – CloudFactory, a distributed labor platform melding human and machine intelligence, today announced it has raised $3 million in a Series A offering led by VRBO founder David Clouse, with participation from other institutional and angel investors.
CloudFactory’s unique combination of technology and a dedicated cloud workforce lets fellow technology-based companies grow their businesses by creating new revenue streams, improving customer retention, and widening adoption, by adding capabilities that can’t be accomplished with technology alone. CloudFactory’s technology platform breaks work down into a series of smaller tasks along a virtual production line, intelligently distributes the tasks to the optimal workers, and reassembles the completed tasks, all while continuously assuring quality both manually and algorithmically.
Global Sourcing Council Award Recognizes Data Services BPO for Commitment to Socially Responsible Sourcing Practices in Nepal
NEW YORK, N.Y. (October 29, 2013) – CloudFactory, a data services BPO provider and impact sourcing leader, was presented with a 3S Award from the Global Sourcing Council for the positive impact that the company has made on the lives of thousands of skilled workers in Nepal. In a country where unemployment has consistently exceeded 40%, CloudFactory hired, trained and connected more than three thousand hard-working and educated Nepalese to meaningful data-oriented jobs that deliver value to hundreds of organizations around the globe.
KATHMANDU - Feb 14, 2013 - CloudFactory, a technology startup based in Kathmandu, Nepal today announced its plans to hire 5,000 part-time data entry operators in Nepal by the end of this year. The social enterprise currently has 80 fulltime staff and almost 600 part-time operators. This latest growth plan comes after securing contracts with international clients wanting to use its worldclass technology platform to deliver data entry tasks to their talented workforce in Nepal.
Innovative workforce model and social mission attracting investors, clients and execs
SAN FRANCISCO, Sept. 12, 2011 -- CloudFactory, a "third world startup" based in Kathmandu, Nepal launched an innovative Cloud Labor platform at TechCrunch Disrupt today on its way to creating work opportunities for people in developing nations. Businesses can use this platform to design virtual assembly lines for all types of digital work such as inputting data from handwritten forms, extracting data from images, flagging bad content and categorizing things. The assembly lines are then instantly staffed by 500,000 cloud workers from around the world.