Excl: Accel & Helion invest under $3M in collaboration tools startup Grid Ants

2 Sep, 2014

Grid AntsMumbai-based Grid Ant Technologies Pvt Ltd, which offers an Operating System (OS) called Cubeit that allows users to collaborate across multiple devices, has received under $3 million in seed funding from Accel Partners and Helion Venture Partners, sources privy to the development old Techcircle.in.

It could not be immediately ascertained how the firm is planning to use the money. E-mails sent to Grid Ants and Accel did not elicit any response till the time of publishing the article.

When contacted, Helion's senior MD Ashish Gupta said, "I can neither confirm nor deny the investment in Grid Ants. In our view, the entrepreneurs choose when/if to announce financing events."

The startup was founded in 2012 by a team of four electrical engineers -- Nithinkumar Gadiparthi, Prashant Borde, Prathamesh Juvatkar and Sarthak Jain. Grid Ant is focusing on distributed computing, which entails data analysis and data processing that happen at different geographical locations.

It provides location-based services to indoor locations like malls, museums and airports. It offers both software and hardware solutions for real-time estimation of gaze, attention and emotion through minimal processing power and web cameras.

(Edited by Joby Puthuparampil Johnson)