Cube26 Bets Big on IoT Market, Plans to Hire Around 100 People

The Tiger Global and Flipkart-backed firm currently has a team of 65 people and works with handset vendors like Micromax, Panasonic, Intex and Karbonn to customise solutions.

"We currently have a team of 65 people in Delhi and are now planning to expand across development, product management, design and business development," Cube26 co-founder and CEO Saurav Kumar told PTI.

The company will hire 100 more people in the next one or two quarters and open an office in Bangalore, focussed on data science and analytics, he added.

Cube26's software is installed on more than five million devices with features like 'Blink to Capture' and 'Look Away to Pause'.

The company has raised Rs. 50 crores in seed funding from Tiger Global and Flipkart. "The funds will be used for R&D, data science and analytics as far as the technology bit goes. We are also foraying into new areas like Internet of Things (IoT), B2C products and more will look at more B2B tie-ups," he said.

IoT is a network of inter-connected devices like smartphones, tablets, connected vehicles and appliances and harnesses relevant information from massive amounts of data collected from these devices.

For instance, with IoT, street lights will automatically switch off when they sense no traffic on the roads and consequently, save power.

Kumar said as part of its plans, the company will soon launch a smart bulb along with other smart devices. "The smart bulb will be loaded with intuitive, experiential features for the Indian consumer market and the embedded software will be its key differentiator," he said without divulging further details.