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Aurus Networks Raises Funding From Indian Angel Network

Cloud-based virtual classroom solution provider Aurus Networks has raised an undisclosed amount of funding from Indian Angel Network (IAN), reports TechCircle.in. The report states that the funding round saw participation from various IAN members like Padmaja Ruparel, Saumya Meattle, Sharad Sharma and Ajai Chowdhry, with Saumya Meattle and Sharad Sharma joining the company’s board.

The company plans to use the funds raised to improve its R&D centre and for hiring. It also plans to expand its operations globally, starting with Africa. It had previously raised an initial seed round of Rs 10,000, as indicated by the report and had received a grant of $30,000 from Microsoft in June 2012.

Founded in July 2010, Aurus Networks offers a cloud based virtual classroom solution which allows users to conduct HD-quality live audio/video interactive classes at low broadband speeds (around 200 kbps speeds). These solutions also offer an on-demand video archive to its users along with a web-based video editing interface, real-time analytics, and integrated testing and performance tracking tools.

Pricing: As of June 2012, the company offered these solutions on a pay-per-user basis, priced at $50 per user per year and on a pay-per-hour basis priced at $0.6 per hour per user.

Tie-ups: Aurus Networks was targeting higher education institutes, distance education universities, training/coaching institutes and corporates as its customers and had claimed to have tie-ups with more than 20 test prep and training centers in the country including ACE Tutorials, NGPA College, Career Point and Quest Tutorials among others and an ongoing pilot program at IIT Kanpur.

Similar Developments: Last week, online education and training platform for professional certification courses Simplilearn.com, had raised funding from IndoUS Venture Partners. The company had said that it plans to use the funding raised to expand its existing portfolio of certification courses, add newer geographies and hiring.

Before this, eLearning content service company LIQVID had raised $3 million from an SBI Holdings subsidiary and Limberlink Technologies had received an undisclosed amount of funding from Accel Partners. Education training and certification company Edusys had also raised $7.5 million from Sequoia Capital in February 2012 and E-Learning company iProf Learning Solutions which had recently launched a digital education service called TheDigiLibrary, had received Rs 22 Crores in Series A funding from Norwest Venture Partners and IDG Ventures India in April 2011.

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    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ