Nuvepro secures USD 400K in seed funding; aims to fuel growth

ANI | Updated: Nov 21, 2017 15:19 IST

Mumbai (Maharashtra) [India], Nov 21 (ANI): Managed cloud environment solutions provider Nuvepro on Tuesday announced that it has raised an investment of USD 400K led by 1Crowd and its investor community.

The investment will be used by Nuvepro to deepen their R&D efforts and continue to expand into the worldwide market.

As part of the managed cloud environment solution, Nuvepro delivers ready-to-use infrastructure and applications on a single or multiple clouds.

It also automates the resource provisioning, manages cloud resources and spend, ensures governance and compliance of cloud usage, and integrates with one's existing tools.

The embedded analytics provides insights that will help CIOs to track the cloud usage, optimize the resources and cut costs by over 50 percent.

"80 percent of enterprises are using the cloud. However, the CIOs are still finding it challenging to increase the cloud adoption and utilization. The returns on their cloud investments are far from realized. 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," said CEO Nuvepro, Giridhar LV.

1Crowd is a unique angel investment platform focused on early stage ventures. It has 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.

"Along with a well-respected, experienced and dedicated team, Nuvepro addresses key modern day challenge of cloud adoption. Microsoft Azure and Amazon web services have made strong strides in moving resources to the cloud and making the value proposition for enterprises attractive," said co-founder 1Crowd, Anup Kuruvilla.

"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," added Kuruvilla.

"The debate on cloud is over. The focus now is to improve the cloud adoption and utilization. 1Crowd's trust and investment in this vision gives us extra push to enable more CIOs to realize the true benefits of the cloud," concluded Chairman, Nuvepro, Janakiraman. (ANI)

iocl