About 18th Parallel
Data last updated:
18th Parallel is a company based in Pune (India) founded in 2011. It operates as a B2B. The company has 18 employees. 18th Parallel operates in a competitive market with competitors including Harmonic, Synamedia, Wyplay, SeaChange and ZEASN, among others.
- Headquarter Pune, India
- Employees 18
- SectorsMedia & Entertainment
- Website 18thparallel.com
- Social X
- Legal Name Eighteenth Parallel Technology Labs Private Limited
- Date of Incorporation 12 May, 2011
- Jurisdiction Pune, Maharashtra, India
- Annual Revenue$15.51 K (USD)16.83as on Mar 31, 2018
- Net Profit-$656 K (USD)-121.95as on Mar 31, 2018
- EBITDA-$606.32 K (USD)-39.54as on Mar 31, 2018
- Employee Count18
Associated legal entities of 18th Parallel
18th Parallel operates through Eighteenth Parallel Technology Labs Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2018) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Eighteenth Parallel Technology Labs Private Limited CIN U72900PN2011PTC139536 | Active | 12 May 2011 | Pune, Maharashtra | ₹0.1 Cr | 18 | 2 | View details |
Board of directors of Eighteenth Parallel Technology Labs Private Limited (18th Parallel)
Eighteenth Parallel Technology Labs Private Limited is the primary company behind 18th Parallel. The board of Eighteenth Parallel Technology Labs Private Limited currently have 2 directors; the longest-serving is Gajanan Balkrushna Walke, appointed in 2022. 8 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Gajanan Balkrushna Walke DIN 09718367 | Additional Director | 26 Aug 2022 | 4 yrs 1 mo | Eighteenth Parallel Technology Labs Private Limited |
| Nilesh Dnyaneshwar Kate DIN 09718509 | Additional Director | 26 Aug 2022 | 4 yrs 1 mo | Eighteenth Parallel Technology Labs Private Limited |
Financials of 18th Parallel
Figures of Eighteenth Parallel Technology Labs Private Limited, the primary company behind 18th Parallel, for FY 2018. Revenue was ₹0.11 Cr (+17% year on year). Net loss was -₹4.57 Cr (-4230% margin). EBITDA was -₹5.31 Cr (-4921% margin). Revenue has grown at a compounded annual rate of -30% over three years.
- ₹0.11 CrRevenue · FY 2018 · +17% YoY
- -₹4.57 CrNet loss · -4230% margin
- -₹5.31 CrEBITDA · -4921% margin
- ₹0.03 CrPaid-up capital
- 18Employees (provident fund records)
- -30%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Eighteenth Parallel Technology Labs Private Limited are on its company page.
Detailed financial statements for 18th Parallel
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Funding Insights of 18th Parallel
- Total Rounds 1
All 1 funding rounds of 18th Parallel with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 01 Jun 2014 | Undisclosed | Seed | – | – | – |
Timeline of 18th Parallel
2 dated milestones of 18th Parallel across 3 years, from founding to its latest funding, stage changes and deals.
- 18th Parallel is founded.
- First funding round.
Competitors of 18th Parallel
18th Parallel operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Harmonic, Synamedia, Wyplay, SeaChange and ZEASN, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| harmonicinc.com | 1988 | San Francisco, United States | – | 1,359 | Video delivery infrastructure is offered through a SaaS platform. | |
| synamedia.com | 2018 | Staines-upon-thames, United Kingdom | – | – | Video distribution solutions are delivered through a cloud-based platform. | |
| wyplay.com | 2006 | Marseille, France | $32.4M | – | Software solution provider for IPTV, cable and satellite TV operators | |
| seachange.com | 1993 | Waltham, United States | – | 108 | Video streaming, broadcast platforms, and advertising solutions are provided globally. | |
| zeasn.com | 2011 | Beijing, China | – | – | Offers innovative smart TV solutions for manufacturers and users. | |
| iwedia.com | 1996 | Rennes, France | $12.9M | – | Technology solutions are provided for connected TV devices. | |
| mediakind.com | 2012 | Fort Worth, United States | – | 178 | End-to-end video delivery solutions are provided for broadcasters and operators. | |
| sumavision.com | 2000 | Beijing, China | $9.1M | – | Video delivery and broadband solutions provider | |
| softathome.com | 2008 | Nanterre, France | – | – | Provides software solutions for home connectivity, Wi-Fi, and network monitoring. | |
| vewd.com | 2002 | Wroclaw, Poland | – | – | OTT solutions for video streaming on multiple devices are provided. |
Detailed competitors of 18th Parallel
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Latest news on 18Th Parallel
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Frequently Asked Questions about 18th Parallel
18th Parallel was founded in 2011 and raised its 1st funding round 3 years after it was founded.
18th Parallel is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
18th Parallel has 18 employees.
Annual revenue of 18th Parallel is $15.51K as on Mar 31, 2018.
18th Parallel operates with a B2B model, focusing on leveraging cutting-edge technology, creating custom software solutions, media and entertainment software, and set-top-box solutions. Provides end-to-end Android set-top-box software solutions for businesses. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
18th Parallel operates through Eighteenth Parallel Technology Labs Private Limited.
The legal entities of 18th Parallel currently have 2 directors, including Gajanan Balkrushna Walke, Nilesh Dnyaneshwar Kate.