Bath tech firm CloudFind has attracted a further investment of £460,000 towards developing its tools to transform how companies find, share and organise their information.
This latest equity investment takes the two-year-old firm’s funding to more than £700,000.
Cloudfind’s technology addresses an issue that every company recognises: how to find the right information quickly from thousands of folders and millions of files. 
Cloudfind CEO, Sebastian Toke-Nichols said: “The potential to save time and cost, and streamline day-to-day operations for businesses of all kinds is simply huge.”
Companies find it increasingly difficult to keep information organised, even with sophisticated search and collaboration tools.
Growing volumes of enterprise files and the rapid growth in cloud storage only add to the complexity. “Conventional methods for searching and organising information are becoming increasingly inadequate,” Mr Toke-Nichols added. “It’s like looking for a needle in a field of haystacks.”
Cloudfind solves the problem with sophisticated algorithms that automatically and intelligently 'tag' information and documents from across cloud storage providers, such as Google Drive, Box and Dropbox.
To find the files they need, users simply click on tags, rather than having to review long lists of search results or browse through folders. By integrating with enterprise applications such as Salesforce.com, Cloudfind makes the process even more seamless, saving valuable time and keeping business processes running smoothly.
Mr Toke-Nichols added: “This additional funding demonstrates the huge interest and potential in this area, and a vote of confidence in Cloudfind from experienced technology investors.” The company plans to recruit up to 20 additional staff next year to develop its technology further and tap worldwide market potential.
This week Cloudfind is in San Francisco, for Dreamforce, the world’s largest technology vendor-led event, attracting 120,000 Salesforce users, customers and partners.
