[ CloudFactory raises $7.3M in Series B ]

CloudFactory has raised $7.3 million in Series B funding.

Founded in 2010, Cloudfactory is a distributed workforce company for automating business processes involving large volumes of data entry, collection or processing. The work is broken down into microtasks that are completed along “virtual assembly lines” by CloudFactory’s global, on-demand workforce.

The company will use the new financing  to hire for a variety of strategic positions, and invest further into R&D.

Funding  Series B
Founded  2010
Country  USA
City  Durham, NC
Founder / CEO  Mark Sears
Deal Size  $7.3M
Investors  Dolma Impact Fund
 The Social Entrepreneurs Fund
Previous Investors  Rockefeller Foundation
 Sovereign’s Capital
 David Clouse