About Cerium Systems
Cerium Systems is a company based in Bengaluru (India) founded in 2013 by Sudhakar Palisetti and Jayakumar Gorla was acquired by Tech Mahindra in April 2020. Cerium Systems has raised $1.55 million across 5 funding rounds from investors including Tech Mahindra and Polisetty Trust. The company has 1,421 employees as of April 09, 2024. Cerium Systems operates in a competitive market with competitors including AKQA, Unicorn, Hancom, AlmavivA and Hedgehog lab, among others.
- Headquarter Bengaluru, India
- Employees 1421 as on 09 Apr, 2024
- Founders Sudhakar Palisetti, Jayakumar Gorla
- Stage Minicorn
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Sectors
Technology
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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 Tech Mahindra Cerium Private Limited
- Date of Incorporation 05 Sep, 2013
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$50.91 M (USD)18.07as on Mar 31, 2023
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Net Profit
$7.65 M (USD)263.43as on Mar 31, 2023
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EBITDA
$11.57 M (USD)116.67as on Mar 31, 2023
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Total Equity Funding
$1.55 M (USD)
in 5 rounds
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Latest Funding Round
$89.93 K (USD), Angel Round
May 07, 2018
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Investors
Tech Mahindra
& 1 more
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Employee Count
1421
as on Apr 09, 2024
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Acquired by
Tech Mahindra
(Apr 10, 2020)
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Funding Insights of Cerium Systems
Cerium Systems has successfully raised a total of $1.55M across 5 strategic funding rounds. The most recent funding activity was a Angel Round of $89.93 thousand completed in May 2018. 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 5
- Last Round Angel Round — $89,934
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First Round
First Round
(12 Jun 2014)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2018 | Amount | Angel Round - Cerium Systems | Valuation |
investors |
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| May, 2017 | Amount | Seed - Cerium Systems | Valuation | Polisetty Trust |
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| Jul, 2016 | Amount | Angel Round - Cerium Systems | Valuation |
investors |
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Investors in Cerium Systems
Cerium Systems has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Tech Mahindra and Polisetty Trust.
| Investor | Description | Founded Year | Domain | Location |
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Provider of data analytics, cloud management, and business process outsourcing services
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Investments & Acquisitions by Cerium Systems
Financial Statements - Cerium Systems
Cerium Systems Comparisons
Competitors of Cerium Systems
Cerium Systems 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 AKQA, Unicorn, Hancom, AlmavivA and Hedgehog lab, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Integrated digital marketing campaigns are developed and executed across channels.
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| domain | founded_year | HQ Location |
Software development services are provided by Unicorn in Prague.
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| domain | founded_year | HQ Location |
Technology conglomerate spanning AI, blockchain, IoT, and mobility solutions.
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| domain | founded_year | HQ Location |
IT services suite solutions are provided globally by AlmavivA.
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| domain | founded_year | HQ Location |
Mobile application development and UX design services are provided.
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| domain | founded_year | HQ Location |
Platform offering digital textbooks for students
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Latest news on Cerium Systems
Frequently Asked Questions about Cerium Systems
Cerium Systems was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Cerium Systems is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Sudhakar Palisetti is the current CEO of Cerium Systems. They have also founded this company.
Cerium Systems is a funded company, having raised a total of $1.55M across 5 funding rounds to date. The company's 1st funding round was a Angel Round of $103.55K, raised on Jun 12, 2014.
As of Apr 09, 2024, the latest employee count at Cerium Systems is 1,421.
Annual revenue of Cerium Systems is $50.91M as on Mar 31, 2023.
Global design services company for the VLSI and embedded software sectors. It offers a range of services, include VLSI Design, Embedded Software Development, System Design and IP Development, Analog and Mixed-Signal Design, and Integrated Circuit Layout.
Cerium Systems's top competitors include RedShelf, Unicorn and Hedgehog lab.
Cerium Systems has 2 investors. Key investors include Tech Mahindra, and Polisetty Trust.
The valuation of Cerium Systems is $16.11M as of May 2018.