Gluru (www.gluru.co), the new collaboration of former executives from Google, Amazon, Apple, Rackspace, and Shazam, announce the closing of a $1.5M seed round. Investors Playfair Capital and Gecad Ventures led the round, with participation from angels including former Shazam CTO Chee Wong, who is joining the Board of Directors along with lead investors. Gluru has built a sophisticated, machine-learning platform to bring smart, actionable structure to the myriad of unstructured user data taking over our lives. The company will launch Gluru Assistant, the first in a suite of multi-platform apps to be released in Q1 2015. Users can now request an invite for Alpha access at www.gluru.co. Gluru will also release an API for developers and enterprises to build its capabilities into new or existing applications for consumers and businesses alike.
Gluru brings order to the mass proliferation of unstructured data – the files, documents, messages, and other text-based content that make up our daily lives. IBM estimates that 80 percent of the world’s data is unstructured, with most stored haphazardly across cloud drives, computers, and other silos. Gluru unlocks access to this data in an increasingly automated, connected, and truly useful way, delivering a revitalized, modern file explorer with the potential to save every user at least 165 hours or up to one full week per year.
“Gluru will do for your own personal and business data what Google Now is attempting for web data – instantly assess and continuously learn about the information you need, to predict and deliver it when you need it, often before you realize it yourself,” said Tim Porter, founder and CEO of Gluru. “For personal use, this means simplifying your life; for business, drastically improved productivity, workflow and operational performance.”
The Gluru platform applies a combination of advanced machine-learning and natural language processing to multiple file-based data sources, leveraging unique algorithms to learn how a person lives and works. Gluru then organizes the files and predicts when the user will need specific content, based on the context of his or her work or personal life. Gluru operates completely in the background, making the user experience completely seamless and intuitive.
The first app targeted to launch from the Gluru suite, Gluru Assistant, will intelligently surface relevant information to users’ devices, triggered instantly and automatically by calls or emails they’re receiving, appointments they’ve scheduled, and more. In essence, it will offer a new approach to consolidated file collaboration, insight, and hierarchy, while future apps will offer further smart organizational features. The Gluru API, also scheduled for release in Q1, will make it simple for enterprises to integrate Gluru technology within their existing tools, including popular team collaboration suites like Yammer, Salesforce, and HipChat – boosting performance by bringing a wealth of unstructured, underutilized data into context and under control.
“As an executive of several multinational companies, I have seen the challenge and opportunity cost of managing unstructured data first-hand – and believe the team behind Gluru brings together the rare mix of breakthrough innovation and proven industry experience to create an entirely new and profitable market category,” said Diwaker Singh, Partner at Gecad Ventures. “With its platform, Gluru is poised to truly transform the way we interact with and leverage data to our advantage, both at home and in the workplace.”
“Our ethos at Playfair Capital is to find and back trailblazers who are bold enough to build technology that generates a quantum leap in the way people live and work for the better. The products Tim and the Gluru team are creating tackle an increasingly relevant problem head on, and are poised to deliver significant value for both enterprises and consumers. Billions of people suffer from data overload, fragmentation, and a lack of deep, automated insights – the desire for a solution like Gluru’s is overwhelmingly clear,” explained Nathan Benaich, Partner at Playfair Capital.
The funding will be used to propel Gluru’s growth by expanding the team, accelerating product development and cross-platform offerings, and bolstering the company’s infrastructure, including sales, marketing, and communications. To request an invitation to Gluru Assistant, or to register your interest in the developer API, visit www.gluru.co.
London, November 25, 2015. Gecad Ventures has participated with an additional equity of USD $2 million in the recently concluded investment round of Vector Watch. Other investors in this USD $5 million funding include Catalyst Romania and a group of high net worth individuals. With this recent investment, Gecad Ventures remains the largest single shareholder of […]
Bucharest, October 27, 2016. Gecad Ventures has led the first seed investment round in TypingDNA, a Romanian behavioral biometrics cyber security startup based on artificial intelligence. For this round, Gecad Ventures has also syndicated a group of local business-angels, terms of the acquisition being confidential. TypingDNA is a cyber security SaaS that uses AI to identify […]
Bucharest, October 7, 2013. Gecad Ventures sells its majority stake in Avangate to California based private equity firm Francisco Partners, this being the third significant international exit for the Romanian technology venture group in the last 10 years. Gecad Ventures has announced the sale of 100% of international ecommerce solutions provider Avangate to California based private equity firm Francisco Partners, […]
London, November 5, 2014. Gecad Ventures launches a new London-based project called PawSquad, a marketplace dedicated to pet lovers. The company is run by a team of British dog enthusiasts. PawSquad is a marketplace that connects pet owners to pet care providers (vets, trainers, breeders, nutritionists) over multiple touch points. The company’s goal is to make pets healthier […]
Bucharest, June 10, 2003. Microsoft Corp. announced it has signed a definitive agreement to acquire the intellectual property and technology assets of Gecad, a provider of antivirus technology based in Bucharest, Romania. Terms of the acquisition are confidential. Microsoft’s acquisition of Gecad’s technology will help secure customers by providing antivirus solutions for Microsoft® products and services. In […]
Bucharest, July 18, 2014. Vector Watch receives from GECAD Ventures an investment of 500,000 EUR for a non-disclosed equity. “We invest in companies that can disrupt their markets and we believe Vector is such a company”, explains Radu Georgescu, Founding Partner of Gecad Ventures. Andrei Pitiș, former CEO for IXIA Romania and Chairman of Romanian Software Asscociation, founded Vector during […]
Bucharest, February 28, 2017. Radu Georgescu, Founding Partner at Gecad Ventures, took the gong home for Business Leader Of The Year at this year’s Business Review Awards. On Monday evening, in an fairy-like atmosphere that would definitely compete with the Oscars, took place the 2017 Business Review Awards. 200 high-ranking representatives of the business environment, […]
Bucharest, March 9, 2016. Smart Bill, Romanian provider of billing solutions and SaaS services, has secured a EUR 1 million investment from Gecad Ventures and Catalyst Romania. Smart Bill has been advised by Gecad since 2013 and the raised round will be used for the development of the company. “This investment gives the company the fuel it needs to […]
Bucharest, August 12, 2015. Coinify announced the acquisition of Coinzone, a leading Bitcoin payment provider, marking Gecad Ventures fifth international exit. Coinzone was launched in 2014 as the first full stack European Bitcoin solution. By using Coinzone, users can buy, sell, trade and transact with Bitcoin. By integrating Coinzone’s technology, the new partnership between the two companies will result in a number of new opportunities […]
Bucharest, January 10, 2017. Gecad Ventures sells its majority stake in Vector Watch to Fitbit, marking one more important global exit for the investment fund. The terms of the transaction are confidential. Vector Watch, known for its innovative and cross-functional approach to design and development of wearable technology, has recently reached an agreement with Fitbit […]
Bucharest, March 11 2014. Gecad Ventures announces a new exit, the takeover of Axigen Messaging by a group of four Romanian entrepreneurs with investments in the local IT industry. The value of the transaction is confidential. Axigen was launched in 2004 with the aim of delivering top e-mail communication technology in Romania and abroad. The Axigen technology […]
Bucharest, September 1, 2010. ePayment, the leading provider of integrated eCommerce solutions on the Romanian market, has divested majority control to the Allegro Group, part of the international internet and entertainment group Naspers Ltd. Allegro has become the major shareholder in ePayment. The transaction was completed in August 2010, for an undisclosed amount. Daniel Nicolescu has been named […]