Delhi based tech start-up Cube 26 has raised Rs.50 crore seed funding in a round led by venture capital firm Tiger Global and ecommerce giant Flipkart.
With the fresh funds, Cube 26 plans to utilise the funds to leverage its software expertise across devices and expand its team across the stack.
Earlier in October, the company had announced an investment from Tiger Global, but did not disclose the amount.
Cube 26 formerly known as PredictGaze, started its operations in 2012 in California and later shifted its base to Delhi. The company makes gesture technology for smartphone manufacturers.
The 65-staff company, which was bootstrapped till now, plans to open an office in Bengaluru to focus on data science and hire about 100 more people in 2016.
“With our software focus and product-led monetisation approach, we are confident of providing unique user experiences across form factors and devices to Indian consumers. We want to bridge the technology gap in India and build products and solutions which are accessible and intuitive in nature,” Saurav Kumar, co-founder and chief executive officer of Cube26, said in a statement.
It has already partnered with Micromax Informatics Ltd, Panasonic Corporation, Intex Technologies (India) Ltd and Karbonn Mobile India Pvt. Ltd to customise their operating systems and differentiate in a crowded market with the help of gesture, voice and camera-enabled features.
According to industry estimates, the company is currently valued at $75-80 million.
(With inputs from Agencies)