Delhi-based Cube26 Software, a gesture technology startup has raised over $7.7 Mn (INR 50 Cr.) in its seed round of funding led by Tiger Global and ecommerce marketplace Flipkart.
This announcement comes in a few days after the company had disclosed its fundraise from Tiger Global.
The startup will use 85% of the funding for technical upgradation and R&D, foray into new areas such as Iota, B2C products and more B2B tie-ups. Rest of the funds will go for team building.
Formerly known as PredictGaze, the company was founded by Saurav Kumar, Aakash Jain and Abhilekh Agarwal in 2012. Cube26 is into developing gesture control technology that allows mobile devices and TV to recognise users, interpret human gestures and understand their emotions. Its software helps manufacturers add special customisation options through gesture and voice-enabled features.
The startup provides services like presence detection, natural gesture recognition, gaze tracking, face body recognition, age/gender identification, emotion detection and gaming interaction software that makes the communication between users and devices natural and seamless.
Cube26’s clientele include smartphone makers such as Micromax, Flipkart, Lava, Freecharge, Panasonic, Intex and Karbonn Mobile India. The company has developed varied applications across usability for original equipment manufacturers (OEMs), helping them provide a stark differentiation through sophisticated mobile software.