OneFold, a Menlo Park, California-based mobile and wearable data focused analytics and visualization platform, closed a $400k seed round of funding.
Backers included Studio 9+ and a pool of angel investors caming from the Studio 9+ Syndicate on AngelList.
The company intends to use the funds to build out its product.
Co-founded by Navneet Aron and Uday Sandhar, OneFold is focused on analyzing data generated by mobile usage and wearables. It uses a new architecture based on its proprietary cloud-based “DHQL” platform and leverages recent inflections in the price of storage and cloud computing to deliver deep analytical insights to organizations publishing mobile, mWeb, and wearable apps.
The company, which has been accelerated at Studio 9+ accelerator, is currently in private beta with several such mobile-enabled organizations.