Indian technology firm Cube26 has raised funds from Tiger Global Management that will be used to develop new technologies and double headcount to 120 people over the next few months. Also Read - China’s Alibaba buys 25% stake in Paytm
The company, which has developed customized Android experience like ‘Blink to Capture’ and ‘Look Away to Pause’ for handset makers, will deploy funds for development of new technologies. “Cube26 has been at the helm of technology innovation since its inception. Mobile hardware is steadily becoming commoditized, and lot of device makers are focusing heavily on software-led user experience and monetization,” Cube26 CEO and co-founder Saurav Kumar told PTI. Also Read - Zomato looking at raising $100 million in funding after acquiring US-based Urbanspoon: Report
He added that the company is working to create smarter devices and new opportunities to leverage IoT (Internet of Things) for India and global market. Kumar, however, declined to disclose details about the funding. The city-based firm has about 60 employees. “We will deploy funds in hiring talent. We are looking at setting up an office in Bangalore. In the next 3-4 months, we should be able to double our headcount,” he said. Cube26 software is currently deployed on more than five million devices, including those from brands like Micromax and Panasonic. Also Read - China’s Alibaba to buy 30 percent stake in Paytm for around Rs 3,600 crore: Report
Apart from handset makers, Cube26 is also working with companies like Flipkart, Myntra, Zo Rooms and Quikr. “We want to revolutionize the device experience for users across different platforms through innovation,” he said. The company started its operations in 2012 in California as PredictGaze. It started operations in India in the following year.