About Axcend
Axcend is a company based in Bengaluru (India) founded in 2001 by Uma Balakrishnan was acquired by Acrodex in February 2013. It operates as a Managed Services and Professional Services. Axcend has raised $4.05 million across 4 funding rounds from investors including HHS and Acrodex. The company has 231 employees as of April 08, 2024. Axcend offers products and services including Outsourced Product Development, Digital Transformation, Engineering Services, Managed Services, and Consulting.
- Headquarter Bengaluru, India
- Employees 231 as on 08 Apr, 2024
- Founders Uma Balakrishnan
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Sectors
TechnologyIndustrial Goods & Manufacturing
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Axcend Automation & Software Solutions Pvt. Ltd.
- Date of Incorporation 05 May, 2004
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$4.04 M (USD)21.85as on Mar 31, 2023
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Net Profit
$142.93 K (USD)148.61as on Mar 31, 2023
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EBITDA
$231.68 K (USD)-3.7as on Mar 31, 2023
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Total Equity Funding
$4.05 M (USD)
in 4 rounds
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Latest Funding Round
$2.55 M (USD), Series A
May 02, 2019
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Investors
HHS
& 1 more
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Employee Count
231
as on Apr 08, 2024
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Acquired by
Acrodex
(Feb 06, 2013)
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Products & Services of Axcend
Axcend offers a comprehensive portfolio of products and services, including Outsourced Product Development, Digital Transformation, Engineering Services, Managed Services, and Consulting.
Industrial products are developed from scratch for OEMs.
Smart manufacturing is enabled through data integration systems.
System design and programming are provided for automation.
Deployed systems are supported through remote diagnostics assistance.
High-impact challenges are addressed with multidisciplinary expertise.
People of Axcend
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Funding Insights of Axcend
Axcend has successfully raised a total of $4.05M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $2.55 million completed in May 2019. 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 Axcend
Axcend has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include HHS and Acrodex.
| Investor | Description | Founded Year | Domain | Location |
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Public health and human services are overseen by HHS.
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Locked | Locked | Locked | |
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Metal products are manufactured for construction and engineering sectors.
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Locked | Locked | Locked |
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Investments & Acquisitions by Axcend
Investment portfolio details for Axcend
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Financial Statements - Axcend
Detailed financials for Axcend
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Axcend Comparisons
Peer comparison for Axcend
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Competitors of Axcend
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Latest news on Axcend
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Frequently Asked Questions about Axcend
Axcend was founded in 2001 and raised its 1st funding round 11 years after it was founded.
Axcend is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Uma Balakrishnan is the current CEO of Axcend. They have also founded this company.
Axcend is a funded company, having raised a total of $4.05M across 4 funding rounds to date.
As of Apr 08, 2024, the latest employee count at Axcend is 231.
Annual revenue of Axcend is $4.04M as on Mar 31, 2023.
Axcend is focused on delivering technology and engineering solutions to the manufacturing ecosystem. Services are provided across sectors like automotive, pharmaceuticals, and renewable energy. Complex problems are solved through a combination of engineering expertise and digital transformation. Solutions such as outsourced product development, smart manufacturing, and managed services are offered to OEMs and manufacturers. Emphasis is placed on future-proofing and client-centric approaches to ensure adoption and measurable ROI. Operations are conducted with deep expertise in IT and OT integration for industrial automation.
Axcend offers Outsourced Product Development, Digital Transformation, Engineering Services, Managed Services, and Consulting.