Cloudworx Technologies Pvt Ltd, has secured Seed Capital from Hyderabad headquartered SucSEED Indovation Fund as well as IIIT Hyderabad, Expert Dojo, and other angel investors.

With a combination of “No-code + IoT + 3D”, Cloudworx has created a platform that allows users to create 3D applications for the Enterprise Metaverse as Integrated Development Environment (IDE) Platform.

Cloudworx Studio is a web-based IDE that lets users build applications and workflows for 3D content without writing any code. Their current focus is to build applications for the Enterprise Metaverse in the form of digital twins that are powered by real-time data from sensors, equipment, processes, and interactions.

Unlike other Digital-Twin builders, Cloudworx allows users to import custom 3D models, create animations, interactions, workflows and alerts on them; and link them with real-time IoT sensors data to build digital twins in a no-code fashion.

Incorporated in Dec 2019, Cloudworx launched the first version of their product during the first Pandemic wave and has expanded to clients across US and EU markets over the past two years with marquee clients in energy, utility, manufacturing, and e-governance.

Yuvraj Tomar, the Founder and CEO of Cloudworx said, “Going through tons of graphs, charts, and dashboards is very cumbersome and painful for business owners. That’s why they are adopting the Enterprise Metaverse in the form of digital twins. However, it’s not a simple task to create a working, scalable, and living virtual replica of your factories in 3D. It’s really complicated, and requires a specialized 3D development team to do the job; thus out of the reach of many businesses. This is where we step in to bridge the gap by bringing the capabilities of NoCode into a 3D workspace that allows businesses to build 3D apps without writing any code or having to depend on a 3D team.”

He further added that “Seed funding raised from SucSEED Indovation Fund as well as such established Angel Investors, will help us strengthen our existing partner channels and add more muscle to our product of ering. We intend to launch the product in a Freemium SaaS of ering by 4Q and open up a new market category – “citizen developers for the metaverse”, in a domain that has only comprised game-engine and Web3 developers till date.”

Speaking on their investment reasons, Vikrant Varshney Co-Founder & Managing Partner of SucSEED Indovation Fund, said, “Based on a report by Fortune Business Insights, metaverse market size was valued at USD 63.83Bn in 2021. The report forecasts that the market is projected to grow from USD 100.27Bn in 2022 to USD 1,527.55Bn by 2029, exhibiting a CAGR of 47.6% during the period. Low-code/no-code (LCNC) platforms are gaining momentum to cut down software development cycles. Cloudworx dif erentiates itself from others by focusing on building 3D no code editors to build metaverse maps for real time monitoring of locations. Whereas, most of the startups in this space are building no code platform to build only apps. We wanted to help Cloudworx to scale with many businesses & segments for rapid adoption”

About SucSEED Indovation Fund – SucSEED Indovation Fund (SIF) is a SEBI regulated AIF Cat-1 Venture Capital Angel Fund with ₹100 crore corpus with clear focus on early-stage tech seed initiative. General Partners of the Indovation Fund have 100+ years of cumulative experience within technology, fund management, and start-up ecosystem and have already invested in 60+ startups. SIF attempts to support Indian Innovation for mass needs in the following Six (6) sectors – EdTech, FinTech, Health-tech, Security & RegTech, EnterpriseTech SaAS and Digital Economy & Emerging Tech, including Gaming & MediaTech.

About Cloudworx

Founded by Forbes 30 Under 30 alums and former Qualcomm execs (CXOs), Cloudworx is the creator of Cloudworx Studio, a no-code platform for building Enterprise Metaverse applications.
Cloudworx

Problem(s) that Cloudworx is addressing:

Going through tons of graphs, charts, and dashboards is very cumbersome and painful for business owners. That’s why they are adopting the Enterprise Metaverse in the form of Digital twins. From a survey conducted by Gartner, 75% of businesses want to implement digital twins, but only 13% have implemented it so far; the other 62% have it on their roadmap but find it hard. It’s really complicated,
requires a specialized 3D development team and specialized engineers to do the job; This is where Cloudworx steps in to bridge the gap by bringing the capabilities of NoCode into a 3D workspace that
allows businesses to build 3D apps without writing any code or having to depend on a 3D team.

Solution:

The product, Cloudworx Studio, is a web-based IDE (Integrated Development Environment) that lets
users build applications and workflows for 3D content without writing any code. Its current focus is to
build applications for the Enterprise Metaverse in the form of digital twins that are powered by real-time data from sensors, equipment, processes, and interactions. Users can import their 3D models, create animations, interactions, workflows and alerts on them; and link them with real-time IoT sensors data to build digital twins in a no-code fashion.





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