# Crowdflux Technologies Pvt.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/crowdflux-technologies-pvt

- Industry: Software
- Headquarters: Bangalore, India
- Website: www.playment.io
- Total disclosed funding: $0.7M
- Latest round: Series A (Jul 2, 2016)
- Investors on record: 1

## About

Crowdflux Technologies Pvt. Ltd. is a data solutions company focused on harnessing AI technology to enhance operational efficiencies and drive innovation across various sectors.Crowdflux Technologies Pvt. Ltd., founded in 2015 and headquartered in Bangalore, India, specializes in artificial intelligence solutions. The company was acquired by Telus Corporation on July 6, 2021, from investors including Y Combinator, Sparkland Capital, and Elevation Capital. The founder, Akshay Lal, has a background in technology and entrepreneurship, although no details on previous companies are available. The firm has successfully completed 3 deals, with the last funding round amounting to USD 1.60 mn raised in an earlier round.Crowdflux Technologies Pvt. Ltd. provides advanced data and AI solutions that integrate human expertise and high-quality data, aimed at optimizing AI model performance. Their offerings include strategy development, data collection, validation, and enhancements tailored for diverse applications such as AI adoption and customer experience. They support organizations throughout their AI journey, empowering operational capabilities across various industries, including technology, healthcare, and finance, with a strong presence in North America, Europe, and Asia-Pacific.Crowdflux Technologies Pvt. Ltd. generates revenue through a blend of subscription services and consulting engagements, structured around bespoke pricing for projects. Clients participate in long-term contracts for continuous data and AI support, paying for services such as data annotation and model validation. Their clientele predominantly comprises firms in the technology and healthcare sectors, allowing for scalable solutions that meet individual operational needs.The acquisition of Crowdflux Technologies Pvt. Ltd. by Telus Corporation aims to enhance their AI solutions portfolio. Plans include developing new AI products that will be launched to address expanding market demands. The recent funding will be utilized to strengthen their market presence and facilitate entry into new geographic regions, with specific targets for expansion outlined in the acquisition strategy.

## Funding rounds

- Series A, Jul 2, 2016, $0.7M — Elevation Capital

## Investors

- Elevation Capital — Series A