Cloud Elements is a technology company.
Cloud Elements has raised $41.0M across 3 funding rounds.
Key people at Cloud Elements.
Cloud Elements has raised $41.0M in total across 3 funding rounds.
Cloud Elements has raised $41.0M in total across 3 funding rounds.
Cloud Elements's investors include Company Capital, Highway 12 Ventures, IGNIA Partners, Rally Ventures, Rumbo Ventures, Bruno Del Ama.
Key people at Cloud Elements.
Cloud Elements was a technology company that built a cloud API integration platform enabling developers to unify, manage, and aggregate thousands of APIs through uniform interfaces and common data models.[1][2][3] It served software providers, enterprises, and developers worldwide, solving the pain of point-to-point integrations by reducing complexity, cost, and maintenance for connecting SaaS apps like CRM, ERP, finance, and more.[1][3] The platform offered over 200 pre-built "Elements" for integrations and "Formulas" for workflows, driving productivity in digital ecosystems; it was acquired by UiPath in March 2021, enhancing API-based automation.[3][4]
Cloud Elements was founded in October 2012 by CEO Mark Geene, CTO Vineet Joshi, and VP of Product Development Atul Barve, headquartered in Denver, Colorado.[1][3] The idea emerged to harmonize inconsistent APIs, allowing faster innovation in cloud ecosystems amid rising SaaS adoption.[1][3] Early traction included a $3.1 million Series A in 2014 from Grotech Ventures, Icon Venture Partners, and Galvanize Ventures, followed by a $13 million Series B in 2017 led by Harbert Growth Partners, fueling 40% quarter-over-quarter revenue growth and expansion to over 100 employees.[3] Pivotal moments featured partnerships like SAP's 2018 use of its connectors, culminating in UiPath's acquisition to bolster enterprise automation.[3][4]
Cloud Elements rode the explosion of API-driven ecosystems and SaaS proliferation, where inconsistent APIs hindered enterprise integration.[1][3] Its timing aligned with the shift to microservices and digital transformation in the 2010s, enabling uniform access to disparate services like Salesforce and Quickbooks.[2][3] Market forces favoring it included rising demand for low-code integration and RPA, amplified by UiPath's acquisition to fuse API automation with UI bots for end-to-end processes.[4] It influenced the ecosystem by powering tools like SAP Cloud Platform Open Connectors and accelerating API monetization/maintenance standards.[3][5]
Post-2021 acquisition, Cloud Elements' technology is embedded in UiPath's platform, expanding native integrations for API/UI hybrid automation in enterprises.[4] Next steps likely involve deeper AI integration for agentic workflows and broader connector growth amid RPA market expansion. Trends like multi-cloud complexity and composable architectures will shape its trajectory, evolving UiPath's influence toward fully automated enterprises while maintaining Cloud Elements' legacy in simplifying API chaos.[4] This positions it as a foundational enabler in automation's next wave, tying back to its original mission of API harmony.
Cloud Elements has raised $41.0M across 3 funding rounds. Most recently, it raised $25.0M Series C in February 2019.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Feb 1, 2019 | $25.0M Series C | Company Capital, Highway 12 Ventures, IGNIA Partners, Rally Ventures, Rumbo Ventures, Bruno Del Ama | |
| Jan 1, 2017 | $13.0M Series B | Highway 12 Ventures, Rally Ventures | |
| Jun 1, 2014 | $3.0M Series A | Highway 12 Ventures, Rally Ventures |
