About Avanseus
Avanseus is a company based in Singapore (Singapore) founded in 2015 by Chiranjeeb Bhandary was acquired by Accenture in February 2026. Avanseus has raised $3.7 million across 2 funding rounds from investors including Accenture, TNB Aura and SEEDS Capital. The company has 57 employees as of April 05, 2024. Avanseus operates in a competitive market with competitors including Uptime AI, Augury, Uptake, ThingWorx and TRACTIAN, among others.
- Headquarter Singapore, Singapore
- Employees 57 as on 05 Apr, 2024
- Founders Chiranjeeb Bhandary
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Sectors
Industrial Goods & Manufacturing
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Email
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Phone
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Website
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Social
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- Legal Name Avanseus Technologies Private Limited
- Date of Incorporation 03 Aug, 2015
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
$1.15 M (USD)38.02as on Mar 31, 2020
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Net Profit
$125.72 K (USD)57.56as on Mar 31, 2020
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EBITDA
$152.05 K (USD)29.98as on Mar 31, 2020
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Total Equity Funding
$3.7 M (USD)
in 2 rounds
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Latest Funding Round
$2.4 M (USD), Series A
Jan 31, 2020
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Investors
Accenture
& 2 more
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Employee Count
57
as on Apr 05, 2024
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Acquired by
Accenture
(Feb 24, 2026)
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People of Avanseus
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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.
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.
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Government-backed fund investing in tech startups
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IT and management consultancy services are provided globally.
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Investor details for Avanseus
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Investments & Acquisitions by Avanseus
Investment portfolio details for Avanseus
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Financial Statements - Avanseus
Detailed financials for Avanseus
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Avanseus Comparisons
Peer comparison for Avanseus
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Competitors of Avanseus
Avanseus 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 Uptime AI, Augury, Uptake, ThingWorx and TRACTIAN, among others.
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Provider of cloud based management solutions
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Provider of IoT and cloud-based machine analytics and predictive maintenance solutions
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Cloud-based predictive analytics platform is utilized for asset maintenance insights.
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Platform to build and run applications for connected devices
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Provider of industrial maintenance and reliability solutions using sensors and software
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AI based platform offering predictive analytics solution
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Detailed competitors of Avanseus
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Latest news on Avanseus
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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 current CEO of Avanseus.
Avanseus is a funded company, having raised a total of $3.7M across 2 funding rounds to date.
As of Apr 05, 2024, the latest employee count at Avanseus is 57.
Annual revenue of Avanseus is $1.15M as on Mar 31, 2020.
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's top competitors include UpKeep, Uptime AI and Infinite Uptime.
Avanseus has 3 investors. Key investors include Accenture, TNB Aura, and SEEDS Capital.