No-code platform for IoT - CloudWorx receives seed funding from angel investors

A no-code platform for Internet of Things (IoT) and smart home businesses, CloudWorx Technologies has received a seed funding from few investors. Chief Executive Officer of CloudWorx Technologies, Yuvraj Tomar confirmed this to a news source but did not reveal the financial details.

The company raised the fund from LetsVenture, angel network Faad Network and AppyHigh Technology LLP, a launchpad for tech startups.

The company will utilize the funds to build its team and launch its product for consumers by the end of its year.   

Tomar launched the startup in December last year along with Pushpahas Bettad, who is Chief Technology Officer at CloudWorx, and Dinesh Mohan Prasad, the Chief Business Officer.

Autocode is the product of the company which is at a beta stage and it helps users create and publish apps, games and servers without writing any code. But it already has a few enterprises, including one in the US, as paying customers.

It also plans to use the funds to enter the European Union and the US.

Tomar is a graduate of the Punjab Engineering College in Chandigarh, he previously worked with companies such as Wipro, Google and Cisco.

Bettad, a graduate of the National Institute of Engineering, Mysore, was earlier designated as a cloud engineer at Thinqbot and previously worked with Wipro. Prasad was earlier at Qualcomm as head of devices for India and South Asia. He has also been an active investor and adviser to enterprises and startups, said Tomar.

CloudWorx joins a handful of startups developing no-coding platforms to attract venture capital investments this year.