The company runs on a SaaS model, charging $29 per month for hosting and use of the software. In comparison, Moorjani points out that the cost of hiring an iOS or Android developer to make a mobile app from scratch is generally five-figures. Kleverbeast also offers monetization tools, like in-app purchasing for e-commerce stores and ad-serving for blogs. The 21-person company, based in the SoHo neighborhood of Manhattan, has raised $2 million in seed funding and $1.5 million in bridge financing from an undisclosed set of angel investors.