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Nuvepro secures $400,000 in seed funding through 1Crowd to fuel growth

21 November 2017, India:

Today, a managed cloud environment solutions provider, Nuvepro announced that it has raised $400,000 seed funding in an investment led by 1Crowd and its investor community. Nuvepro will use this investment to deepen their R&D efforts and continue to expand into the worldwide market.

With the funds, the company will be able to leverage 1Crowd’s ecosystem of mentors, industry connects and investor community to benefit from strategic to operational support.

Nuvepro delivers ready-to-use infrastructure and applications on a single or multiple clouds, automates the resource provisioning, manages cloud resources & spend, ensures governance and compliance of cloud usage, integrates with your existing tools. Nuvepro do all these things through a single-source self-service portal. The platform helps CIOs to have complete control over resources, hierarchy, and subscription management. The embedded analytics provides insights that will help CIOs to track the cloud usage, optimize the resources and cut costs by over 50%.

CEO of Nuvepro, Giridhar LV said“80% of enterprises are using the cloud. However, the CIOs are still finding it challenging to increase the cloud adoption and utilization. The returns on their cloud investments are far from realized. Nuvepro was founded with a singular vision to make the cloud work, help CIOs make the most of their cloud investments and enable them to take the competitive-edge. We do it by taking complete ownership through managed cloud environment so that CIOs don’t need to worry about provisioning, governance, security, skill building, shadow IT and managing multiple clouds.”

Co-Founder of 1Crowd, Anup Kuruvilla,  said “Along with a well-respected, experienced and dedicated team, Nuvepro addresses key modern day challenge of cloud adoption. Microsoft Azure and Amazon web services have made strong strides in moving resources to the cloud and making the value proposition for enterprises attractive. We believe Nuvepro would be able to form a crucial bridge between enterprises and cloud providers by driving faster adoption. The underlying business model of providing ready to use cloud infrastructure available on a subscription or pay per go basis is also a strong pull for enterprises.”

Nuvepro was founded in 2014 by Janakiraman S, Giridhar LV, Umesh Bhatt, Moyukh Goswami and Rajesh Vasudevan, all having significant years of professional experience.

Janakiraman, Chairman, Nuvepro said, “The debate on cloud is over. The focus now is to improve the cloud adoption and utilization. 1Crowd’s trust and investment in this vision gives us extra push to enable more CIOs to realize the true benefits of the cloud.”

Nuvepro helps organizations in improving the cloud adoption and utilization. Nuvepro does it through “managed cloud environment solution” where it take complete ownership in providing ready-to-use infrastructure and applications on any cloud, automating the resource provisioning, managing cloud resources & spend, and ensuring governance and compliance of cloud usage. It start at any level of cloud adoption and move it to the matured level where you maximize the returns from your cloud adoption.

1Crowd is a unique angel investment platform focused on investing in early stage ventures. 1Crowd and its investor community has made 12 investments since last year. 1Crowd has close to 500 investors on board and over 50 eminent people as mentors.

(Image – Nuvepro)

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