Cuberoot Technologies, a data driven technology company, recently raised nearly USD 0.5 million from undisclosed investors.
The funds will be invested to expand its business across the country including expansion of technology team, enhancing product technology, investing in better infrastructure and strategic acquisitions.
Cuberoot is geared to launch its flagship product — an Audience Management Platform also known as Cuberoot in the Indian market in the coming months.
Also, the company will be incorporating bases in Asia Pacific market over the next 12-18 months. Such installations of sufficient funds will play a major role in the growth of the organization.
Atul Soni, Co-founder, Cuberoot Technologies, said “It is a proud moment for the entire organization. Even before the official product launch our esteemed investors have shown extreme faith on us and decided to invest taking the early mover advantage. The funds will be invested in expansion and further developments of our technology offerings.”
He further added, “We are moving towards our target at a great pace and have strategic plans to capture a substantial chunk of the digital advertising market by the end of fiscal year 2016 – 2017, accelerating the growth up to 300%. At Cuberoot Technologies, we are diligently working towards creating ground-breaking technological solution, ensuring that we maintain an edge in the industry and deliver disproportionate value to our advertisers and partners alike.”