Cloud computing startups India
(Technology investors are…)
BANGALORE: Technology investors are raising the tempo of investments in cloud computing startups buoyed by strong returns and growing customer demand for software as a service.
This week, venture funds closed two more deals in the sector with Norwest Venture Partners putting in $6 million (about Rs 32.6 crore) in first-round funding for Attune Technologies. The Chennai-based startup uses cloud technology for scheduling, billing and management of patient data with a base of 2 million patient records.
Angel investment network Mumbai Angels has made a seed investment of under Rs 5 crore in Pune-based startup MaxiMojo, which provides cloud-based distribution and revenue management solutions for hotels.
The attractiveness of cloud-based applications across sectors from hospitality to healthcare is driven by ease of use and lower cost. The startups offer products where information is stored and processed on computers 'in the cloud', or the web, instead of local servers. This data can then be remotely accessed through a personal computer, cellphone or any other device, with users typically paying for the service when they use it.
"I can push a few buttons on my phone and access files from my office server remotely from anywhere, " says Sahil Parikh, founder of Synage Software.
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This expertise is especially valuable for development stage and start-up medical device companies. These companies are looking to us as manufacturing partners, so they can better focus on research and development and marketing of their products.
Q&A
What is the future of cloud computing in India?
It is as similar as it will be in the other parts of the world. Cloud has been rapidly expanding its root around the globe and country like India which is well know for the IT will also be empowered with Cloud
How cloud computing came in india?
i am curious about the cloud computing thing in India! can any one tell me detailed history of cloud computing in India??
According to IDC, India is facing an information explosion with digital data growing from 40.000 petabytes in 2010 to 2.3-million petabytes in 2020 – with the cloud in the middle as Indian companies look for leveraging cost advantages.
As a testament to this development, several research analysts have published predictions on the cloud growth in India:
According to a Gartner survey, Indian companies expect to adopt new cloud services in 2011 much faster than originally anticipated, with two-thirds of CIOs expecting the majority of IT to be running in the cloud within the next four years.
