CloudFactory Raises $7.3M in Series B Funding

CloudFactory, a Durham, NC-based cloud labor company, raised $7.3m in Series B funding.

Backers included Dolma Impact Fund and The Social Entrepreneurs’ Fund.

The company intends to use the funds to hire for a variety of strategic positions, and invest further into R&D.

Led by Mark Sears, Founder and CEO, CloudFactory has launched WorkStreams™, monthly workforce subscriptions that include a vetted, remote team that is equipped with the tools and technology needed to scale a business process in the cloud. Applications include tech companies developing products requiring human-powered features such as document transcription, or require human-trained algorithms such as the AI in self-driving cars.



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