UK Cloudfind Secures £460,000, Total at £700,000 or $1.1 Million

UK start-up CloudFind Ltd. has attracted a further 460k of investment for its plans to transform how companies find, share and organize their information.

This latest equity investment takes Cloudfinds funding to date to over 700k ($1m).

Cloudfinds technology addresses an issue that every company recognizes: how to find the right information quickly from thousands of folders and millions of files.

“The potential to save time and cost, and streamline day to day operations for businesses of all kinds is simply huge,” commented Cloudfind CEO, Sebastian Toke-Nichols.

Companies are finding it difficult to keep information organized, even with sophisticated search and collaboration tools. Growing volumes of enterprise files and the rapid growth in cloud storage only add to the complexity.

“Conventional methods for searching and organizing information are becoming increasingly inadequate,” Toke-Nichols added. “Its like looking for a needle in a field of haystacks.”

Cloudfind solves the problem with algorithms that automatically and intelligently tag information and documents from across cloud storage providers, such as Google Drive, Box and Dropbox. To find the files they need, users click on tags, rather than having to review long lists of search results or browse through folders. By integrating with enterprise applications such as Salesforce.com, Cloudfind makes the process more seamless, saving valuable time.

Toke-Nichols added: “This additional funding demonstrates the huge interest and potential in this area, and a vote of confidence in Cloudfind from experienced technology investors. The company plans to recruit up to 20 additional staff during 2014 to develop its technology further and tap worldwide market potential.”

Cloudfind will be in San Francisco, November 18-21 for Dreamforce, a vendor-led event attracting 120,000 Salesforce users, customers and partners.

Established in 2011, Cloudfind partners with Salesforce implementers and resellers to provide solutions in multiple verticals including financial services, real estate, pharmaceuticals and healthcare.

The company is headquartered in Bath, UK.