Since the advent of digital technology, the world has changed at breakneck speed. As technology improves and so does its application in education. Today’s schools and learning methods are a far cry from what our grandparents experienced. Mobile learning, cloud computing, and gamification are some of the tools that are improving the learning experience in a dynamic and accessible way. According to data released by TechCrunch, the APAC region is predicted to account for 54 percent of the worldwide EdTech market.
During the pandemic, an educational technology company founded by the son of an overseas Filipino worker obtained contracts with prominent foreign universities, becoming one of the first local “camels” to have a global presence and achieve revenue-based growth rather than relying on investor capital.
De Guzman, who graduated from Mapua Institute of Technology in 2011 with a degree in Electronics Engineering, established CloudSwyft as an EdTech startup in 2015, building on the foundation of his first startup—RocketLabs Software, which he put up in 2012 at the age of 22.
CloudSwyft is now one of the fastest-growing EdTech startups with positive cashflow as it sustains operations almost purely from revenues. De Guzman is optimistic that CloudSwyft can hit the $10-million revenue milestone without raising any further capital, for now.
CloudSwyft’s Virtual Labs Platform transforms physical campus computer lab facilities into fully-automated cloud-based virtual lab settings, increasing productivity for students and lecturers in all lab classes that use numerous software applications and tools, anywhere and at any time.
Companies and institutions don’t have to pay money on items like computers or office space, and students and trainees don’t have to be present in the lab to study. During the epidemic, when most schools and offices are closed and practically everything is done online, a system that transforms and fully automates lab facilities and settings onto the cloud has proved highly useful and important.
CloudSwyft expanded its distribution in Indonesia and Malaysia this year, as well as beginning client acquisitions in the Middle East. It also become one of India’s largest EdTech firms’ virtual labs platform supplier.
With SoftwareONE, CloudSwyft’s online virtual labs platform will be distributed throughout Europe and the world to over 6,000 educational institutions. It also formed a strategic integration agreement with Insendi at Imperial College London, offering it access to the world’s top business schools.