SmartGateVC invested in XCloud Networks
SmartGateVC has announced about the investment in XCloud Networks. Backed by Tim Draper and seasoned tech entrepreneurs, SmartGate is a venture capital firm targeting Armenian tech companies in Artificial Intelligence, Security and Internet of Things.
In this industry professionals like Alex usually take the career path. XCloud Networks comes with a unique combination of top level industry expertise coupled with profound entrepreneurial mindset” – says SmartGateVC founding advisor Vazgen Hakobjanyan.
“We have validated our technological approach through our innovator customers based in Europe, but still there is lots of things to do to offer 10 folds better product and cross the chasm to start acquiring early adopters. Current pre-seed investment round as well as wisdom from SmartGateVC are important components of this hard step.” – says XCloud Networks co-founder and CEO Alex Saroyan.