Mobile productivity startup CloudOn raises $16M from Social+Capital Partnership and Translink
Mobile productivity startup CloudOn has closed a $16 million in second funding round led by The Social+Capital Partnership with participation from Translink Capital and existing investors, Foundation Capital and Rembrandt Venture Partners.
CloudOn’s platform delivers a mobile workspace that enable access to applications like Microsoft Office and Adobe Reader, making it easier to create, review, edit and share information. CloudOn free productivity app for iPad and Android tablets was launched in January 2012 and already past 1 million downloads in less than 5 months.
“We’ve been following CloudOn since their launch and are excited to see their success in the market,” said Mamoon Hamid, General Partner at Social+Capital and a new member at Board of Directors of CloudOn.
“They are addressing a growing problem in the enterprise as employees are looking to be more productive across their PC, tablets and smartphones while they are on the go. I’ve invested in and work closely with two disruptive companies, Box and Yammer, and see similar potential with CloudOn to bring easy to adopt and easy to use productivity software into the enterprise,” he added.
CloudOn will use the funding to scale business operations and develop a productivity workspace available on any mobile device. The Silicon Valley-based company also plans to expand its workspace.
CloudOn has already partnered with Microsoft, Adobe, Dropbox, Box and Google, and hopes to continue to integrate more applications and storage solutions into its workspace to create the most usable and comprehensive mobile productivity solution. CloudOn will also be expanding to additional platforms, including smartphones and PCs.
CloudOn was founded in September 2009 by Milind Gadekar, CloudOn CEO, and Meir Morgenstern, the company VP of Engineering & Operations. CloudOn is headquartered in Palo Alto, CA, with a research and development center in Herzliya, Israel.