CloudFactory, a distributed work platform for business automation, announced an oversubscribed round of $700K from social impact investors in the US. After launching last year at TechCrunch Disrupt as "the third-world startup", CloudFactory has grown to more than 50 employees. CloudFactory tripled revenue this quarter after being cashflow positive three out of the previous four quarters.
CloudFactory is attracting investors, clients and talented execs because of its innovative workforce model and social mission. They are taking job creation to a whole new level by connecting 1 million people to basic computer work over the next 5 years.