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CloudOn raises $7.7M to build mobile productivity apps

CloudOn

CloudOnMobile-workspace company CloudOn, formally known as AppToU, has raised $7.7 million in first-round funding, according to the SEC.

Palo Alto-based CloudOn’s marketing materials say the company is “creating a mobile, enterprise, cloud-based workspace” to help workers with productivity and collaboration. Presumably, the company is developing applications for smartphones and tablets with an emphasis on the business and enterprise market.

Outside of its modest website and its profiles on Facebook and Twitter, little is known about the company and its projects. A call left with the company asking for further details was not immediately returned.

CloudOn is led by CEO Milind Gadekar, who previously worked at Cisco for five years as director of marketing. The team also includes co-founder and vice president of research and development Meir Morgenstern, who was a system architecture manager at Cisco for five years, and co-founder and CTO Shuki Binyamin, who led a video and design consulting company for almost five years.

The new $7.7 million in funding comes from Rembrandt Venture Partners and Foundation Capital. Back in October 2010, the company raised $1.8 million in equity and debt funding when it was known as AppToU. Foundation Capital also participated in that funding round.


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