News Article | September 10, 2013
GlobalOutlook (GO) is a leading provider of unified cloud based communication & collaboration services to customers on a global scale. GO was founded in 2007 by a team of industry veterans and business leaders who have contributed their experience and expertise in the mobile, enterprise and consulting sectors. GlobalOutlook is a portfolio company of the prestigious Naya Ventures, an early stage venture capital firm that invests in mobile, cloud and big data startups in US and India. As a complete office cloud communication services provider, the GO team is constantly innovating to provide its customers the best-of-breed technologies in the unified cloud-based communication and collaboration domain.
News Article | March 17, 2014
TV discovery startup Boxfish has raised a fresh $7 million round of funding, the company announced today. Boxfish uses the real-time closed captions found for pretty much every show on broadcast and cable to help you discover new TV content. Its technology is being used by over 100 developers to enhance TV guide-like features in cable boxes and smart TVs. The startup works with a handful of well-known TV providers including AT&T’s Uverse and Tivo. Last year the company released an iPad app that sought to remake the TV Guide experience. Atlantic Bridge led the new funding, with participation from Samsung, T-Ventures, and Naya Ventures. Boxfish said it plans to use the new capital to hire additional employees, expand beyond working with just TV-centric companies, and fuel its international growth. Founded in 2012, the Palo Alto, Calif.-based startup has raised a total of $10 million in funding to date.
News Article | October 28, 2013
Altia Systems, a Cupertino, Calif.-based developer of a video and web collaboration system, said it raised $6.7m to date. It includes a recent investment by Naya Ventures. In conjunction with the funding, Naya Ventures Managing Director Dayakar Puskoor joined its Board of Directors. The company intends to use the funds to scale operations. Led by Aurangzeb Khan, President and CEO, Altia Systems provides PanaCast, an enterprise-class video collaboration solution with a full 200 degree field of view, which allows remote participants to see the full human panoramic perspective with individual control. The solution runs on PCs, tablets and smart phones worldwide and also augments web collaboration tools, such as Cisco’s WebEx, Microsoft Lync, and Citrix’s GoToMeeting by adding panoramic-HD video to the collaboration suite. Launched in March 2013, it has been acquired by more than 150 enterprise customers.
News Article | July 2, 2015
The family vacation has gone digital. KeepTrax, a Dallas-based mobile app, is an online travel diary, aiming to make sense of all the various photos and check-ins we post online. Founder and CEO Kedar Benegal says he wants to remember the places he travels to on trips, but he found that social media sites require you to share those posts as you kept a record. “What bothered me the most was that (those sites) are social first,” he says. “You may or may not want to share it. But you do want to keep track of the places you visited. There are practical and emotional reasons for that.” The app arranges a traveler’s photos in a timeline that illustrates the trip while also dropping pins—a fork-and-knife one for restaurants, a pair of pine trees for a natural location—where the traveler stops. Each day, the traveler receives a daily recap of the day’s events, with locations and departure and arrival times. While the app is likely attractive for individual users, Benegal says KeepTrax’s target customers are businesses, like travel agencies, for whom the startup would create a customized app under the business’s name. “This is a way to differentiate; the lure is engagement,” he explains. “Once the trip is complete, there is very little reason to go back to that travel agency. Travelers would go back to the travel company’s app to see their journal, allowing the agencies to maintain relationships after the trips are complete.” Benegal says the app can help travel agencies serve customers better. “The agents can say, ‘It looks like you spent a lot of time in this one area of Paris, the museums. Here are some recommendations,’” he says. “KeepTrax is getting insight to the agencies to support these people.” Eventually, all that information translates into a data play, he adds. The app becomes a valuable repository of traveler’s choices, from visits to sites, restaurants, museums, and other attractions, Benegal says. In March, KeepTrax raised $1 million in seed funding from Dallas-based Naya Ventures, which focuses on mobile startups. Travel agencies can pay anywhere from $2,500 to $15,000, depending on the size of the agency, for a customized version of KeepTrax. A more limited version—say, a record of check-ins—of the app is free for consumers. “The travel log is not in the consumer version, and you can only get a hard copy album through the agency version of the app,” he explains. Benegal is a former executive at Sabre, the Dallas-based travel tech company. He came up with the idea for KeepTrax five years ago, but he realized that “the economics didn’t quite work.” “There is a lot of data that needs to be stored in the cloud, which was more expensive then,” he adds. “The battery life, the accuracy of GPS wasn’t there, so we put it aside.” With advances in geolocation and battery life, Benegal says he resurrected the idea and made a connection with investors and customers. “We’ve been pleased with the organic growth of the business,” he says. “The main challenge is getting folks aware; there are so many apps out there. We have patents on the technology, such as a battery-saving solution. Our algorithm doesn’t drain the battery as much as others.”
News Article | September 1, 2014
HYDERABAD: Naya Ventures, a $50 million start-up entrepreneur-venture fund, is set to invest in seven companies in India in the next one to two years. Founded by Dayakar Puskoor, who owned P&L for the Hosting and Mobility Solutions business at Microsoft, it is looking to invest in the firms in incubation, development and management of new mobility, cloud and big data solutions. Dayakar believes Indian entrepreneurs have to get the right product-market fit to go global. They need support of sales and marketing partners to access global market. "There is also a gap in the investment eco-system to gain additional growth capital and exit opportunities for early stage start-up. Besides, the Indian M&A activity in technology arena has been slow, non-lucrative and has barely started," said Dayakar, who was here to attend August Fest 2014, the biggest startups festival in India which began Saturday. Naya Ventures focuses on providing access to additional growth capital and strategic exit partners. He feels the high growth sectors such as big data, cloud computing and mobile applications have potential to create billions of dollars in wealth and several hundreds of thousand jobs. Dayakar earlier led $350 million hosting business encompassing all product development, product management, marketing and business development for Microsoft. Prior to joining Microsoft, as founder and CEO of JP Mobile, Dayakar pioneered the industry's first mobile software solutions company. He secured $55 million in financing and successfully completed its acquisition by Good Technology, later acquired by Motorola. Also read: Entrepreneurs Take A Leap Of Faith In Tech Free Productivity Tools For Startups