There was a time when any company that was rooted in cloud technology was just the kind of business an investor might avoid, but not anymore. In fact, the CEO of cloud technology-based start-up GramercyOne says that while three years ago being a cloud-based business made sales more difficult, these days it is almost a requirement. And he should know what he is talking about as his company is one of three New York cloud technology-based businesses to complete recent rounds of venture capital funding.
These companies have shown an ability to demonstrate how low costs to startups make them an attractive alternative to a traditional approach for new business. That is why these technology companies have made the latest funding round particularly successful. Three companies that saw funding this past month are:
- GramercyOne – A software business that helps retail merchants track and control special promotions.
- ErPly – A software provider for point-of-sale inventory management that uses cloud technology that frees merchants from needing constant internet access.
- Profitably – Business analysis software for startups to help with forecasting cash flow and more.
For a look at the type and amount of funding, along with more information on what VCs are looking for in a cloud technology-based startup, read more at NYCovergence.