About Avanseus
Avanseus is an Industrial Goods & Manufacturing company based in Singapore (Singapore) founded in 2015 by Chiranjeeb Bhandary, and was acquired by Accenture in February 2026. Cloud-based software for predictive maintenance. Avanseus has raised $3.7 million across 2 funding rounds from investors including Accenture, TNB Aura and SEEDS Capital. The company has 57 employees. Its chief executive, as recorded, is Bhargab Mitra. Its Indian entity Avanseus Technologies Private Limited reported revenue of ₹13.44 Cr. Its focus areas include Enterprise Applications, Manufacturing Tech, Enterprise Asset Management and Maintenance Management.
Company details
Avanseus was founded in 2015 and is headquartered in Singapore. Operations focus on a cloud-based business intelligence platform interfaced with AI for predictive maintenance. Solutions encompass image recognition, video analysis, and deep learning applications to identify anomalies, perform impact analysis, and extract contextual insights from visual data. The platform serves sectors requiring data-driven asset management and operational efficiency.
- Headquarters Singapore, Singapore
- Employees 57
- Founders Chiranjeeb Bhandary
- Stage Acquired
- SectorsIndustrial Goods & Manufacturing
- Email••••••••
- Website avanseus.com
- Social LinkedIn X
- Acquired by Accenture (Feb 2026)
- Legal Name Avanseus Technologies Private Limited
- Date of Incorporation 03 Aug, 2015
- Jurisdiction Bangalore, Karnataka, India
- Indian entity revenue₹13.44 Cr
FY 2024 · -17% YoY
- Indian entity net profit₹1.29 Cr
FY 2024 · 10% margin
- Indian entity EBITDA₹1.88 Cr
FY 2024 · 14% margin
- Total Equity Funding$3.7M (USD)
in 2 rounds
- Latest Funding Round$2.4M (USD), Series A
Jan 2020
- InvestorsAccenture
& 2 more
- Employee Count57
- Acquired byAccenture
(Feb 2026)
Associated legal entities of Avanseus
Avanseus operates through Avanseus Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Avanseus Technologies Private Limited CIN U72200KA2015FTC081946 | Active | 03 Aug 2015 | Bangalore, Karnataka | ₹13.4 Cr | 57 | 2 | View details |
Funding Insights of Avanseus
Avanseus has successfully raised a total of $3.7M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $2.4 million completed in January 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $3.7M
- Total Rounds 2
- Last Round Series A — $2.4M
- First Round $1.3M
(Jan 2019)
- Investors Count 2
All 2 funding rounds of Avanseus 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 |
|---|---|---|---|---|---|
| Jan 2020 | $2.4M | Series A | – | – | – |
| Jan 2019 | $1.3M | Seed | – | TNB Aura, SEEDS Capital | – |
3 investors in total: 3 institutional.
Investors in Avanseus
Avanseus has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Accenture, TNB Aura and SEEDS Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments are provided to early-stage tech startups. | tnbaura.vc | Singapore, Singapore | ||
Government-backed fund investing in tech startups | seedscapital.sg | Singapore, Singapore | ||
IT and management consultancy services are provided globally. | 1989 | accenture.com | Dublin, Ireland |
Investor details for Avanseus
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Board of directors of Avanseus Technologies Private Limited (Avanseus)
Avanseus Technologies Private Limited is the primary company behind Avanseus. The board of Avanseus Technologies Private Limited currently have 2 directors; the longest-serving is Rajendra Narayan Panda, appointed in 2015. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rajendra Narayan Panda DIN 03438655 | Director | 03 Aug 2015 | 11 yrs 3 mo | Avanseus Technologies Private Limited |
| Bhargab Mitra DIN 09137504 | Director | 08 Apr 2021 | 5 yrs 7 mo | Avanseus Technologies Private Limited |
People of Avanseus
29 people are tracked at Avanseus (12 in leadership, 4 in board & advisors, 13 in team); the tracked headcount is 57.
| Name | Role | Group |
|---|---|---|
Chiranjeeb Bhandary | Co-Founder & CTO | Leadership |
| CEO | Leadership | |
Chiranjib Bhandary | Chief Technology Officer | Leadership |
Jansette Anz | Head Of Sales | Leadership |
Ng Mei Lan | Head of Finance | Leadership |
Arun Goel | Chief Delivery Officer | Leadership |
| Head Of Strategy And Business Development | Leadership | |
Mei Lan Ng | Head of Finance | Leadership |
Mark Rodrigues | Head of Marketing | Leadership |
Morena Ferrario | Director, Cloud & AI Business Practice Head | Chief Product Officer | Leadership |
Sanjeeva P | Director Engineering | Leadership |
Claudio Mantovaneli | Head of Sales LAT | Leadership |
Marcus Weldon | Advisory Board Member | Board & advisors |
Jan Campbell | Advisory Board Member | Board & advisors |
Giuseppe Donagemma | Chairman | Board & advisors |
Armando Almeida | Advisory Board Member | Board & advisors |
manjunath bhovi | Software Engineer | Team |
Pardeep Shukla | Project Delivery Manager | Team |
Manoj S | Technical Lead | Team |
Vinod Petwal | Domain Consulting | Telco Operation Service Delivery @ Avanseus . | Team |
9 more people are available in the full profile.
Complete people profiles for Avanseus
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Avanseus
Figures of Avanseus Technologies Private Limited, the primary company behind Avanseus, for FY 2024. Revenue was ₹13.44 Cr (-17% year on year). Net profit was ₹1.29 Cr (10% margin). EBITDA was ₹1.88 Cr (14% margin). Revenue has grown at a compounded annual rate of +1050% over three years and +17% over five years.
- ₹13.44 CrRevenue · FY 2024 · -17% YoY
- ₹1.29 CrNet profit · 10% margin
- ₹1.88 CrEBITDA · 14% margin
- ₹1 LakhPaid-up capital
- 57Employees (provident fund records)
- +1050%Revenue CAGR, 3 years
- +17%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Avanseus Technologies Private Limited are on its company page.
Detailed financial statements for Avanseus
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Timeline of Avanseus
4 dated milestones of Avanseus across 11 years, from founding to its latest funding, stage changes and deals.
- Founded Avanseus is founded.
- Funding First funding round of $1.3M.
- Funding Latest funding round, Series A, of $2.4M.
- Exit Acquired by Accenture.
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Frequently Asked Questions about Avanseus
Avanseus was founded in 2015 and raised its 1st funding round 4 years after it was founded.
Avanseus is headquartered in Singapore, Singapore.
Bhargab Mitra is the CEO of Avanseus, as recorded in our data.
Avanseus is a funded company, having raised a total of $3.7M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.3M, raised on Jan 2019.
Avanseus has 57 employees.
The primary company behind Avanseus, Avanseus Technologies Private Limited, reported revenue of ₹13.44 Cr for FY 2024, down 17% year on year.
Avanseus was founded in 2015 and is headquartered in Singapore. Operations focus on a cloud-based business intelligence platform interfaced with AI for predictive maintenance. Solutions encompass image recognition, video analysis, and deep learning applications to identify anomalies, perform impact analysis, and extract contextual insights from visual data. The platform serves sectors requiring data-driven asset management and operational efficiency.
Avanseus has 3 investors. Key investors include Accenture, TNB Aura, and SEEDS Capital.
Avanseus operates through Avanseus Technologies Private Limited.
Yes. Avanseus was acquired by Accenture in February 2026.
The legal entities of Avanseus currently have 2 directors, including Rajendra Narayan Panda, Bhargab Mitra.