And…we’re funded!

Posted in Company News
By Kerry Liu on November 19, 2013

Today we announced our seed round (see the details below). This post is our first chance to publicly talk about the round. I’m generally a direct guy, so this post will be no different.

Rubikloud has always been very fortunate in two areas: We have co-founders who have worked together before and know each other really well (trust me that is really important after an 18 hour day) and we have always had access to candid and valuable customer feedback. These two factors allowed us to rapidly build a prototype, test it in the market, and start telling our story early.

Five months into the company, we had an opportunity to meet with many angels and VC’s. Today we’re thrilled with our investors: Horizons Ventures and MARS Investment Accelerator Fund. With past investments in Facebook, Skype, and Waze, Horizons is willing to bet on disruptive markets and technologies. They believed in our vision and product early on. MARS IAF met our team two weeks after we incorporated when we were nothing more than a hacked together PowerPoint and a story. Now we’re excited to build a great business together.

Tomorrow is another start-up news cycle and we’ll be heads down working. So what are we going to do now that we’ve raised this money?

Hiring– Early employees are founders because they have to buy into the core mission of what you’re doing. Yes they sacrifice time and resources, but none of that matters if they don’t believe in the product. We’re looking for brilliant engineers. They will get a chance to work on one of the toughest big data problems and platforms in the world. If you’re interested, check out our job postings: http://www.techvibes.com/company-directory/rubikloud

 Customer Focus– We have half a dozen beta customers. These are businesses doing hundreds of millions in online revenue. They have trusted us with their time, data, and resources. This is something we take very seriously. Distractions can kill a start-up. This funding allows us to invest in these early customers and partners so that our Q1 product launch is driven by real customer stories and involvement.

Fund-raising is not easy. It can distract from building the company and pull you into many directions. I think this is why many founders treat fundraising as the end goal. It’s only natural. However, I couldn’t disagree more. This is only the beginning of a long, difficult, but unbelievably exciting journey.  We’re almost 8 months old, and moving at lightning speed.

To read the coverage from Ryan Lawler (@ryanlawler of Techcrunch) and Rob Lewis (@robertlewis of Techvibes) see below:

 

http://techcrunch.com/2013/11/18/rubikloud/

 

http://www.techvibes.com/blog/big-data-platform-rubikloud-raises-1-million-2013-11-18