• Download the Constitution of Pakistan
  • Advertise
Friday, July 25, 2025
  • Login
NEWSLETTER
ECONOMY
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
ECONOMY
No Result
View All Result
Home Technology

Investors to spend $1.4m for a technology startup

by Web Desk
March 15, 2021
in Technology
Reading Time: 1 min read
0
Technology
Share on FacebookShare on TwitterLinkedinWhatsapp

In order to promote the growing tech ecosystem in Pakistan, an Islamabad-based Technology startup has raised $1.4 million from Silicon Valley investors. Indus Valley Capital led the round for the investments with the further participation of several known global investors including billionaire investor Tim Draper, Hustle Fund Ventures, and other well-known angel investors from Silicon Valley.

RemoteBase capitalized on the pandemic and enabled Pakistani software engineers and developers to work directly with Silicon Valley companies, creating a business model which attracted one of the largest investment seed rounds for any Pakistani company.

A former senior executive at business networking app, Linkedin, Aatif Awan expressed excitement about investing in Remotebase to promote the technology.

He said: “Remotebase is a crucial piece of the puzzle for the Pakistani tech ecosystem to earn its well-deserved place in the world. As tech companies go remote, Remotebase can help Pakistani talent fulfill this demand and gain experience with the best startups around the world.”

COVID-19 has further enabled companies to work remotely. RemoteBase finds, hires, trains, and places Pakistani software engineers and developers in Silicon Valley companies. Famous Silicon Valley companies include Google, Facebook, and Apple.

Tags: COVID-19Indus Valley CapitalIslamabadRemotebaseSillicon Valley
Web Desk

Web Desk

Related Posts

Mobile imports decreased

Pakistan’s Mobile Phone Imports Drop 16% in FY25

by Anum Arif
June 27, 2025
0

ISLAMABAD: Mobile phone imports in Pakistan fell sharply by 16.31% during the first eleven months (July–May) of the fiscal year...

What is Artificial Intelligence and How AI is Everywhere Around Us?

What is Artificial Intelligence and How AI is Everywhere Around Us?

by News Publishing
June 6, 2025
0

Artificial Intelligence (AI) could be described as one of the finest innovations of the 21st century. It has become an...

Microsoft and Elon Musk

Microsoft Hosts Elon Musk’s Grok Chatbot on Azure

by Anum Arif
May 20, 2025
0

Microsoft has officially partnered with Elon Musk’s AI startup, xAI, to host the controversial chatbot Grok on its Azure cloud...

Apple iphone all glass

Apple Plans Bezel-Free Glass iPhone for 2027

by Anum Arif
May 15, 2025
0

As Apple prepares to celebrate the 20th anniversary of the iPhone in 2027, the tech giant is reportedly planning a...

Agriculture sector being developed on modern lines: PM

Agriculture sector being developed on modern lines: PM

by News Publishing
May 15, 2025
0

Prime Minister Muhammad Shehbaz Sharif has said agriculture sector is being developed on modern lines to achieve agricultural self-reliance. He...

iphone 18

Apple iPhone 18 Pro to Get Under-Display Face ID

by Anum Arif
May 14, 2025
0

California – 14 May 2025:Apple is reportedly preparing a major redesign for its 2026 iPhone 18 Pro lineup, with plans...

Next Post
747 Points Upsurge in KSE-100 Index

747 Points Upsurge in KSE-100 Index

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

About Us

Economy.pk is a source of economic, political, business, finance, health and sports updates.

Important Categories

  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin
  • YouTube
  • Linkedin
  • TikTok
  • WhatsApp
  • About
  • Advertise
  • Careers
  • Contact

© 2024 Economy.pk - Web Development by Digital Otters

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

© 2024 Economy.pk - Web Development by Digital Otters