Gesture technology startup Cube26 raises funding from Tiger Global
Cube26, an India based technology innovation focused company, has announced it has raised capital from Tiger Global Management. Cube26 is popularly known for its customized Android experience and gesture technologies like “Blink to Capture” and “Look Away to Pause” for Panasonic and Micromax, respectively. The amount of funding has not been disclosed but the capital will be used for business expansion and the development of new technologies.
Founded by Saurav Kumar, Aakash Jain and Abhilekh Agarwal in 2012, we wrote about the company in 2013 by when Cube26 already had six Indian Smartphone OEMs using their gesture control technology. "After pioneering gesture technology and enhancing the Android OS experience through customization and applications, we plan to leverage our software expertise across different platforms and form factors," says Sourav. The company also intends to further develop its software products and work on smarter devices in the IoT (Internet of Things) segment.
“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.” (see Tiger's aggressive strategy in India) In 2014, Cube26 had shipped its gesture control software on more than 1 million devices. A year later, the Cube26 software now resides on more than 5 million devices (or 4 percent of all mobile users in India).
“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.