Cube26 raises funding from Tiger Global Management

New Delhi, India, October 9, 2015: Cube26, an India based technology innovation focussed company, has announced it has raised capital from Tiger Global Management. Cube26, popularly known for its customized Android experience and gesture technology like “Blink to Capture” and “Look Away to Pause” for Panasonic and Micromax, respectively, will employ the funding for business expansion and the development of new technologies.

After pioneering gesture technology and enhancing the Android OS experience through customization and applications, Cube26 plans to leverage its software expertise across different platforms and form factors. The company also plans to further develop its ground-breaking software products and work on smarter devices in the IoT (Internet of Things) segment. With a suite of innovative utility applications, software and hardware, Cube26 envisions emerging as an indigenous technology player in the global ecosystem.

“This investment is a testament to our business vision and growth trajectory. Cube26 has been at the helm of technology innovation since its inception, and we are looking to empower a larger audience with the benefits of our products and solutions. Mobile hardware is steadily becoming commoditized, and lot of device makers are focusing heavily on software-led user experience and monetization,” said Saurav Kumar, CEO & Co-Founder, Cube26. “Our team of passionate technologists is working to create smarter devices and new opportunities to leverage IoT (Internet of Things) for India and global market.”

“We value technology innovators who understand consumer needs as they evolve across platforms and devices in India,” said Lee Fixel, Partner, Tiger Global Management. “Cube26 has demonstrated deep expertise in understanding this device experience, and we believe they can grow rapidly by continuing to innovate products that transform the consumer experience.”

Cube26 software currently resides on more than 5 million devices, or 4 percent of all mobile users in India. The company seeks to revolutionize the device experience for users across different platforms through cutting-edge innovation. According to a research by Cisco, the number of smartphones grew by 54 percent in 2014 to 140 million, and the number of smartphones will grow 4.7-fold between 2014 and 2019 to a total of 651 million.

© News Service

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