A company called Kadan Mobile, which offers a wide range of cloud-based software, including AI-based technology for organizing documents, has raised $ 16 million for Series B, led by South Korea-based Datoz Partners, Mobile seats and participation from WI Harper Group, Taiwania Capital, and Golden Asia Fund Mitsubishi UFJ Capital. Launched in 2009, Kadan Mobile has been focused on creating content and productivity software for mobile devices since its inception in 2009, said Kenny Sue, founder, and CEO of TechCrunch.
“We’ve been observing more and more industries embracing remote or hybrid work for many years before 2020,” he said. “We’ve always felt that the trend would continue.” Can Mobile has now raised a total of $21 million. Since its announcement in the series in April 2018, Cadan Mobile has grown from 70 employees in Taiwan, China, Japan, and the United States to 200 employees. It has also passed 200 million downloads and now has more than 100 million members on its platform. More than half of Kadan mobile users are in the United States and Europe, 30% from Asia, and 15% from Africa and Australia.
Part of the funding is for animation and video editing for Canada Mobile’s enterprise products, such as Document AI, its data processing and filtering technology, and e-signing services DotDesign, PDF software Document 365, and Creativity 365 for creating multimedia content. After initially focusing on individual users, Cadan Mobile has decided to start working with more enterprise clients in 2018 and its software is now being used by more than 40,000 businesses and educational institutions. Sue said the focus of companies on the company has been validated with the launch of DotSign 2019, which now has more than 300,000 users.
Over the past year and a half, the number of signatures processed by DotSign has increased 30-fold as companies switch to remote jobs due to epidemics. Kedan also began offering a set of mobile APIs and SDs so that internal developers in large enterprises could integrate and customize its technology.
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