Other Collaboration Software
Nife Labs is a Singapore-founded hybrid cloud platform operating under the domain nife.io. The company describes itself as an application lifecycle management platform, helping businesses deploy and scale applications across distributed server infrastructure globally. Nida Sahar, the sole founder and CEO, launched the company in May 2020 during the peak of the pandemic.
As of May 2023, Nife Labs reported approximately $300,000 in annualized revenue, up from roughly $12,000 the prior year, representing growth of approximately 2,400 percent. The company serves 25 customers, operates with a team of 20 people including 8 engineers, and is profitable, generating approximately $15,000 per month in profit on roughly $10,000 per month in burn.
Nife Labs closed a pre-seed round of $500,000 in August 2022 at a $5,500,000 valuation, selling 10 percent equity. At the time of the interview, the company was targeting a seed round of $500,000 at a $10,000,000 valuation, with two late-stage investor conversations underway.