Our Portfolio

CloudFactory Holdings Limited

DIF I Investment

USD 5.4 Million

Investment Date

April 2017


Direct Jobs


Cloud workers in Nepal


Youth Employment


Female in Top Management


Country Presence

Founded in 2010 by Mark Sears, CloudFactory emerged from a mission to connect a million people in developing nations to online work, providing dignified and sustainable livelihoods. CloudFactory empowers AI leaders with human-in-the-loop AI solutions, integrating people, process, and technology to deliver high-quality training data and monitor in-production models. Dolma Impact Fund invested in 2017 to support the company’s expansion into new markets. Since then, CloudFactory has become a global leader in on-demand workforce solutions, specialising in Computer Vision, Natural Language Processing, and Data Processing.

With Dolma’s backing, CloudFactory’s revenue surged at a CAGR of 77%. Notable achievements include a successful Series C funding round in 2019, raising $65MN led by FTV Capital, and a strategic partial exit by Dolma with an IRR of 56%. The company has evolved its strategy to focus on a Human-in-the-loop platform, acquiring Hasty Inc, a data-centric machine learning platform, to transition data labelling to AI-assisted methods. The hiring of Pigter Nel as CTO further emphasises a data-centric AI strategy.

With a global presence in five countries and recognition as the Medium-sized Company of the Year at The AI Journal Global Excellence Awards in 2022, CloudFactory continues to thrive as a tech-forward, scalable, and impactful organisation, delivering accurate and reliable Human-in-the-loop solutions to accelerate AI.

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