CloudFactory raises $65 million to prep and process data sets


CloudFactory is the brainchild of serial entrepreneur Mark Sears, who in nine years grew it from a small-time data prep solutions company to an international conglomerate with offices in the U.K., U.S., Nepal, and Kenya. (CloudFactory is headquartered in Reading.) Today the company announced that it has raised $65 million in a growth equity round that brings its total raised to $78 million.

To date, CloudFactory has completed over 150 projects, and it now processes “millions” of tasks a day.

[Source: VentureBeat]