Categories: Tech & Society

Apple iCloud’s Competitor Loom Raises $1.4 Million in Funding

Media cloud startup Loom.com opened its service to the public today after a few months in private beta testing.

A Y Combinator grad, Loom seeks to steal some market share from Apple’s sometimes frustrating iCloud. The company offers a Mac app, an iOS app, and a web portal that enables users to store and manage their media libraries in the cloud. Android support is planned for down the line.

The service received some major updates for its public launch, including an updated mobile interface optimized for iOS 7 and support for RAW image files.

Loom offers 5GB of storage for free, with additional storage available on a subscription basis. Three percent of Loom users purchase additional storage, but the company won’t disclose the size of its user base.

Because Loom doesn’t require a constant internet connection — mobile files sync when a connection is reestablished — the company views the service as a replacement for the iPhone’s default photo album.

Loom just announced a $1.4 million funding round with participation from Google Ventures, Tencent, Great Oaks VC, Overbrook Entertainment, Damon Way (founder of DC shoes), and a few additional angel investors. The company currently has eight employees.

Via: VentureBeat

 

Team TechPanda

Recent Posts

AI Launches: Cybersecurity, AI Agents, product specs, business operating system, automobile, consumer & MSME lending, cloud, data streaming

The Tech Panda takes a look at recent launches in the superfast field of Artificial…

18 hours ago

As India’s tech sector on track to surpass $300 billion, CEO of Ness shares insights into AI’s important role 

The tech sector in India has been going from strength to strength in recent years.…

21 hours ago

Unknown & uncontrolled machine identities within organizations leading to emergence of new identity security challenges

Experts are saying that organizations are inadvertently creating a new identity-centric attack surface through growing…

21 hours ago

Outbound & inbound: India attracts businesses from US & Singapore while expanding to UAE, Europe & Philippines

The Tech Panda takes a look at how India has been attracting foreign businesses from…

2 days ago

The death of paper records: Will AI-driven EHRs eliminate medical errors?

Patient records have long been a collection of handwritten notes, prescription slips, and test results,…

2 weeks ago

The future of contactless hospitality: Balancing convenience with personalization

The fast pace development of the hospitality industry will result in contactless technology adoption, where…

2 weeks ago