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
***********
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Phone
*********
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Website
*********
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Social
*********
- 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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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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.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series A — $2.5M
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First Round
First Round
(01 Sep 2012)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2019 | Amount | Series A - Axcend | Valuation |
investors |
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| Dec, 2018 | Amount | Seed - Axcend | Valuation |
investors |
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| Jun, 2018 | Amount | Seed - Axcend | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Axcend
Axcend has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include HHS and Acrodex. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Public health and human services are overseen by HHS.
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Founded Year | Domain | Location | |
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Metal products are manufactured for construction and engineering sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Axcend
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Axcend
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Axcend Comparisons
Competitors of Axcend
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Axcend
When was Axcend founded?
Axcend was founded in 2001 and raised its 1st funding round 11 years after it was founded.
Where is Axcend located?
Axcend is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Axcend?
Uma Balakrishnan is the current CEO of Axcend. They have also founded this company.
Is Axcend a funded company?
Axcend is a funded company, having raised a total of $4.05M across 4 funding rounds to date. The company's 1st funding round was a Seed of $1M, raised on Sep 01, 2012.
How many employees does Axcend have?
As of Apr 08, 2024, the latest employee count at Axcend is 231.
What is the annual revenue of Axcend?
Annual revenue of Axcend is $4.04M as on Mar 31, 2023.
What does Axcend do?
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.
What products or services does Axcend offer?
Axcend offers Outsourced Product Development, Digital Transformation, Engineering Services, Managed Services, and Consulting.