CloudHedge Technologies Pvt. Ltd.

CloudHedge Technologies Pvt. Ltd. specializes in application modernization solutions, leveraging innovative platforms to enhance operational efficiency and facilitate cloud migration for businesses across various sectors. Founded in 2017, CloudHedge Technologies Pvt.

Ltd. is based in Pune, India. The company focuses on delivering modern application solutions. Its founders include Abhijit Joshi, who serves as CEO, along with Ameya Varade, Asawari Joshi, and Sameer Karmarkar.

The company raised INR 62. 57 million in venture funding from NTT Data Corporation in June 2019, and has a total amount raised of INR 62. 57 million, with a current valuation of INR 891. 524 million.

CloudHedge offers a comprehensive suite of products focused on application modernization, primarily through its flagship platforms, OmniDeq and DART. OmniDeq serves as an omni-environment application modernization platform powered by R6Ai™, enabling organizations to transform their applications rapidly and intelligently. It allows users to deploy multiple containerized applications seamlessly across various cloud and on-premise environments, catering to industries such as automotive, aviation, banking, and government. DART, the company's cloud-readiness evaluation tool, assists businesses in assessing their application landscapes, identifying modernization opportunities, and providing insights into potential cost savings and risks.

Together, these platforms are designed to address the challenges of enterprise modernization, with clients like BMW utilizing CloudHedge's solutions to achieve efficiency and sustainability outcomes. CloudHedge primarily serves markets in North America, Europe, and Asia, providing tailored solutions for businesses seeking to enhance their operational capabilities. In the most recent year of 2023, CloudHedge generated revenue of INR 1,250,088. 50 with an EBITDA of INR -49,645.

80. The company generates revenue through subscription-based models and B2B partnerships, focusing on its flagship products, OmniDeq and DART. Clients engage in contract agreements for comprehensive modernization solutions that encompass assessment, migration, and ongoing support. Transactions typically involve annual or multi-year subscriptions, providing clients with access to the platforms' capabilities along with industry-specific intelligent automations.

CloudHedge plans to utilize the funds raised in their June 2019 round to support the development of new products and expand into additional markets. Specific regions targeted for expansion include North America and Europe, with a goal to enhance their market presence by 2025. The company aims to continue advancing its product offerings to meet the evolving demands of enterprise modernization.