Our Portfolio

CloudFactory Holdings Limited

DIF I Investment

USD 5.4 Million

Investment Date

April 2017

7976

Direct Jobs

4382

Cloud workers in Nepal

94%

Youth Employment

30%

Female in Top Management

4

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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