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Analytics startup CloudMoyo grows to 200 people a year after Icertis spin-off

In a computing panorama the place the phrase “cloud” figures into most each dialog and firm title, the title CloudMoyo stands out. “Moyo” is Swahili for “spirit,” the identical root phrase because the English phrase “mojo,” defined Manish Kedia, CEO of Bellevue, Wash.-based startup CloudMoyo.

By no means thoughts that about 175 of the corporate’s tough 200 workers are primarily based in Pune, India, with about 15 within the Seattle space and 10 elsewhere within the U.S.

“One in all our co-founders was touring in South Africa and discovered this phrase,” stated Kedia. “We would like to embody the spirit of the cloud, which we consider is not only about saving cash however about analyzing information.”

CloudMoyo final year was spun out of Icertis, a Bellevue-based contract-management firm that raised a seed spherical in 2012. Icertis has its roots in Microsoft know-how and tradition, having been based by former Microsoft supervisor Samir Bodas, and logically, so does spin-off CloudMoyo. CloudMoyo has constructed its intelllectual property on high of the Azure cloud service, SQL Information Warehouse, AI providers, the Cortana Intelligence Suite and the Energy BI analytics product, Kedia stated.

“We knew our firm’s heritage was within the cloud, and my focus has all the time been information,” he stated. “So we determined to work on the intersection of cloud and information. Our software-as-a-service focuses on routing, journey optimization, and analyzing paperwork and unstructured information for legal responsibility and threat. ”

Bodas is now chairman of CloudMoyo’s board.

CloudMoyo has helped a main American railroad that it gained’t title handle its operations and crews. It used the evaluation of huge information units to create a scheduling system that helped coordinate the railroad’s 800 crew members, who work on 1,044 locomotives and 13,000 freight vehicles over 6,600 route miles. It additionally created a train-scheduling system supposed to decrease prepare delays, spoiled items and wasted man-hours.

Microsoft shouldn’t be solely CloudMoyo’s cloud supplier but in addition “our first and finest” buyer, Kedia stated. CloudMoyo has helped Microsoft handle offers and do planning eventualities for its retail shops.

The corporate’s six prospects additionally embrace Toyota. Opponents embrace Optym, an optimization and automation agency.

CloudMoyo took “a small quantity” of seed and angel funding initially and has been cash-positive from the outset, Kedia stated. “We’re frugal. We make ends meet. All of the earnings we generate return into the enterprise.” Having the majority of the engineering workers in India has helped maintain down prices, he stated.

The transportation analytics market is “a number of hundred million {dollars} proper now,” he estimated, and the advanced-analytics market is value greater than $1 billion.

[Editor’s Note: Post updated to clarify reference to CloudMoyo’s railroad customer.]

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