Company Name : Cube26
Funding Amount : 50 crores
Investor(s) Tiger Global and Flipkart.
Founded in 2012, Cube26 a mobile technology service company has raised 50 crores of funding from Tiger Global Management and Flipkart.
The raised funds will be used for product development.
Cube26 formerly known as PredictGaze, allows devices to recognize users, interpret human gestures and understand their emotions.
Popularly known for its customized Android experience and gesture technology like “Blink to Capture” and “Look Away to Pause” for Panasonic and Micromax respectively. Currently, Cube26 software resides on more than 5 million devices which makes it 4 percent of all mobile users in India and the company is working towards revolutionizing the device experience for users across different platforms.
“We believe Cube26 has the potential to transform user experience across devices with its software expertise,” said Nishant Verman, Head Corporate Development, Flipkart. “Technology innovation will be key to India’s growth and we are looking for the next big software innovation from India, and this investment is a step towards the same. Cube26 has demonstrated a robust business expansion plan behind innovations that we believe can win.”
While India is just the fifth-largest tech market in Asia Pacific, its tech purchases will grow by more than 10%, making it the fastest growth market in the region for 2015 – 2016, according to Forrester Research’s latest Asia Pacific Tech Market Outlook report.