# Appsfolks

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/appsfolks

- Industry: Software
- Headquarters: San Jose, US
- Website: www.kloud.io
- Total disclosed funding: $4M
- Latest round: Seed (Jan 30, 2020)
- Investors on record: 2

## About

Appsfolks, Inc. specializes in developing cloud-based solutions that enhance operational efficiency through automation and data management tools, catering to businesses across various sectors worldwide.Founded in 2017 in San Jose, US, Appsfolks, Inc. focuses on providing cloud-based business solutions. The company was acquired by Alation, Inc. in November 2022, which aims to enhance its product offerings. Krishna Bhat and Sathish Raju founded the company, with Krishna Bhat currently serving as the CEO. The firm has engaged in 2 deals to date, with its latest funding round being Seed, raising a total of USD 4.00 mn led by Unusual Ventures and including Firebolt Ventures as an investor.Kloud.io specializes in cloud-based solutions designed to streamline and optimize business operations across various sectors. Their core product offerings focus on data management, analytics, and automation tools that cater to organizations seeking to enhance efficiency and decision-making processes. These solutions address specific use cases such as data integration, workflow automation, and real-time analytics, enabling businesses to harness their data effectively. Kloud.io serves a diverse client base of medium to large enterprises in industries like finance, healthcare, and logistics, extending its market reach beyond North America to clients in Europe and Asia, where demand for advanced cloud computing solutions continues to grow.Kloud.io generates revenue through a subscription-based model, offering clients access to their suite of products and services. This structure allows for predictable revenue streams and fosters long-term partnerships with businesses seeking to improve their operational capabilities. Clients typically engage in multi-tiered subscription plans based on service scale, with options including basic, premium, and enterprise offerings. While specific pricing details are proprietary, flagship products like their integrated analytics platform are central to their revenue generation efforts, reflecting the company’s commitment to delivering valuable solutions to its customer base.Following its acquisition by Alation, Inc. in November 2022, Appsfolks, Inc. aims to leverage the recent funding to develop and enhance its product offerings. The company is also exploring opportunities to expand into new markets, particularly targeting regions in Europe and Asia by the end of 2023. This strategic focus includes the potential launch of new tools designed to address emerging client needs in these markets, ensuring alignment with evolving industry trends.

## Funding rounds

- Seed, Jan 30, 2020, $4M — Firebolt Ventures, Unusual Ventures

## Investors

- Firebolt Ventures (https://capitalatlas.ai/funds/firebolt-ventures) — Seed
- Unusual Ventures (https://capitalatlas.ai/funds/unusual-ventures) — Seed