Company:Cloudwords

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Short description: American software company
Cloudwords
Industrysoftware
FoundedMarch 26, 2010
FounderMichael Meinhardt
Scott Yancey
HeadquartersSan Francisco, California
Websitecloudwords.com

Cloudwords is an American software company based in San Francisco, California , specializing in Software-as-a-Service (SaaS) technology.

History

Cloudwords was co-founded on March 26, 2010, by Michael Meinhardt and Scott Yancey, who raised $3 million in seed funding from individuals including Marc Benioff, Chairman and CEO of Salesforce, and Salesforce founding CTO Dave Moellenhoff.[1][2]

The company raised $2.4 million in Series A funding in May 2012, led by Storm Ventures,[3] and completed a $9.1 million Series B round of funding in November 2013. (As of October 2015) investors include Storm Ventures, UMC Capital, GMB Consulting LLC, Marc Benioff and other individual investors.[4]

In May 2016 Yancey was replaced as CEO by Richard Harpham, who had been Vice President of Sales and Marketing.[5]

Cloudwords officially launched in February 2011[2] and in August that year debuted the Basic and Professional editions of its software.[6] The company focuses on assisting large companies in localizing their marketing;[7] in April 2017 the company announced a partnership with Lilt, a translation productivity startup.[8]

References

  1. "One Way Salesforce Is Becoming Bigger Than Itself". Forbes. 29 November 2011. https://www.forbes.com/sites/victoriabarret/2011/11/29/one-way-salesforce-is-becoming-bigger-than-itself/#59efb0db3aaf. Retrieved 9 May 2017. 
  2. 2.0 2.1 "Benioff-Backed Cloudwords Helps Content Owners Manage Mass Translations". 8 April 2011. https://techcrunch.com/2011/04/08/benioff-backed-cloudwords-helps-content-owners-manage-mass-translations/. Retrieved 9 May 2017. 
  3. "Cloudwords Completes Second Funding". 18 May 2012. http://www.finsmes.com/2012/05/cloudwords-completes-funding.html. Retrieved 9 May 2017. 
  4. "Translation Startup Funding Disclosed on Crunchbase over the Last Ten Years: $231M". 12 October 2015. https://slator.com/ma-and-funding/translation-start-up-funding-disclosed-on-crunchbase-over-the-last-ten-years-231m/. Retrieved 9 May 2017. 
  5. Faes, Florian (30 June 2016). "Cloudwords Replaces CEO, Promotes Richard Harpham". https://slator.com/people-moves/cloudwords-replaces-ceo-promotes-richard-harpham/. Retrieved 13 May 2017. 
  6. "Cloudwords launches native cloud translation with Salesforce execs' help". 31 August 2011. https://venturebeat.com/2011/08/31/cloudwords-launches-native-cloud-translation-with-salesforce-execs-help/. Retrieved 9 May 2017. 
  7. Johnson, Todd (23 March 2017). "Startup helps marketers localize content across the globe". San Francisco Business Times. http://www.bizjournals.com/sanfrancisco/news/2017/03/23/salesforce-cloudwords-localization-meinhardt.html. Retrieved 13 May 2017. 
  8. Faes, Florian (18 April 2017). "Bay Area Startups Cloudwords and Lilt to Partner". https://slator.com/technology/bay-area-startups-cloudwords-lilt-partner/. Retrieved 13 May 2017.