Cloudwords

From Wikipedia, the free encyclopedia
Cloudwords, Inc.
Company typePrivate
IndustrySoftware
FoundedMarch 26, 2010; 14 years ago (2010-03-26)
Founder
  • Michael Meinhardt
  • Scott Yancey
HeadquartersSan Francisco, California, US
Websitecloudwords.com

Cloudwords, Inc. is an American software company based in San Francisco, California, specializing in Software-as-a-Service (SaaS) technology.

History[edit]

Cloudwords was co-founded on March 26, 2010, by Michael Meinhardt and Scott Yancey, who raised $3 million in seed funding from individuals including Marc Benioff, Chairman and CEO of Salesforce, and Salesforce founding CTO Dave Moellenhoff.[1][2]

The company raised $2.4 million in Series A funding in May 2012, led by Storm Ventures,[3] and completed a $9.1 million Series B round of funding in November 2013. As of October 2015 investors include Storm Ventures, UMC Capital, GMB Consulting LLC, Marc Benioff and other individual investors.[4]

In May 2016 Yancey was replaced as CEO by Richard Harpham, who had been Vice President of Sales and Marketing.[5]

Cloudwords officially launched in February 2011[2] and in August that year debuted the Basic and Professional editions of its software.[6] The company focuses on assisting large companies in localizing their marketing;[7] in April 2017 the company announced a partnership with Lilt, a translation productivity startup.[8]

References[edit]

  1. ^ "One Way Salesforce Is Becoming Bigger Than Itself". Forbes. 29 November 2011. Retrieved 9 May 2017.
  2. ^ a b "Benioff-Backed Cloudwords Helps Content Owners Manage Mass Translations". TechCrunch. 8 April 2011. Retrieved 9 May 2017.
  3. ^ "Cloudwords Completes Second Funding". FINSMES. 18 May 2012. Retrieved 9 May 2017.
  4. ^ "Translation Startup Funding Disclosed on Crunchbase over the Last Ten Years: $231M". Slator. 12 October 2015. Retrieved 9 May 2017.
  5. ^ Faes, Florian (30 June 2016). "Cloudwords Replaces CEO, Promotes Richard Harpham". Slator. Retrieved 13 May 2017.
  6. ^ "Cloudwords launches native cloud translation with Salesforce execs' help". VentureBeat. 31 August 2011. Retrieved 9 May 2017.
  7. ^ Johnson, Todd (23 March 2017). "Startup helps marketers localize content across the globe". San Francisco Business Times (subscription required). Retrieved 13 May 2017.
  8. ^ Faes, Florian (18 April 2017). "Bay Area Startups Cloudwords and Lilt to Partner". Slator. Retrieved 13 May 2017.