A two-year-old technology company Cube26 that makes software for mobile devices has raised Rs 50 crore led by Tiger Global Management with participation from e-commerce major Flipkart.
The company said fresh funding will be used to enter other devices apart from android and increase team size.
“We are elated at the trust showcased by our investors so early in our journey and glad to be associated with the global leaders. With our software focus and product led monetization approach, we are confident of providing unique user experiences across form factors and devices to Indian consumers,” said Saurav Kumar, CEO and Co-founder, Cube26.
“We want to bridge technology gap in India and build products and solutions which are accessible and intuitive in nature,” he added.
Launched in 2012 as PredictGaze in California, Cube26 has been making software for devices that works on motion and gesture. It has made customized gesture technology like “Blink to Capture” and “Look Away to Pause” for Panasonic and Micromax respectively. Currently, it claims its software resides on more than five million devices which makes it 4% of all mobile users in India.
“We believe Cube26 has the potential to transform user experience across devices with its software expertise. Technology innovation will be the 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.