About Cirel Systems
Cirel Systems is a Technology company based in Bengaluru (India) founded in 2013 by Sumeet Mathur. Cirel Systems has raised $4.87 million across 2 funding rounds from investors including A&E Investments, Torex Semiconductor and Ganapathy Subramaniam. The company has 2 employees. Cirel Systems was last valued at $15.83 million in December 2019. Its chief executive, as recorded, is Sumeet Mathur. Its Indian entity Cirel Systems Private Limited reported revenue of ₹4.08 Cr. Cirel Systems offers products and services including PMASIC Platform, SensASIC Platform, and Preamps. Its focus areas include Semiconductors, Analog and Mixed Signal ICs, Power and Power Management ICs.
Company details
Provider of power management ICs. It offers a power management platform and portable devices, such as smart-phones and tablets by providing an integrated and optimized solution to power application processors, integrates regulators for peripherals, battery charging and monitoring functions. Its sensor chip platform enables customers to develop custom ASIC solutions for sensors.
- Headquarters Bengaluru, India
- Employees 2
- Founders Sumeet Mathur
- Stage Minicorn
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website cirelsystems.com
- Social LinkedIn X
- Legal Name Cirel Systems Private Limited
- Date of Incorporation 04 Jan, 2013
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹4.08 Cr
FY 2025 · -93% YoY
- Net Loss-₹5.39 Cr
FY 2025 · -132% margin
- EBITDA-₹2.14 Cr
FY 2025 · -52% margin
- Total Equity Funding$4.87M (USD)
in 2 rounds
- Latest Funding Round$1.98M (USD), Seed
Dec 2019
- InvestorsA&E Investments
& 9 more
- Employee Count2
Associated legal entities of Cirel Systems
Cirel Systems operates through Cirel Systems Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Cirel Systems Private Limited CIN U74999KA2013PTC067530 | Active | 04 Jan 2013 | Bangalore, Karnataka | ₹4.1 Cr | 2 | 5 | View details |
Products & Services of Cirel Systems
Cirel Systems offers a comprehensive portfolio of products and services, including PMASIC Platform, SensASIC Platform, and Preamps.
Provides integrated IC solutions for powering portable devices efficiently.
Develops custom ASICs for sensor applications like capacitive sensing.
Offers low-noise preamps for MEMS microphones in various devices.
Funding Insights of Cirel Systems
Cirel Systems has successfully raised a total of $4.87M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1.98 million completed in December 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 $4.87M
- Total Rounds 2
- Last Round Seed — $1.98M
- First Round $2.89M
(Jun 2014)
- Investors Count 10
All 2 funding rounds of Cirel Systems 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 |
|---|---|---|---|---|---|
| Dec 2019 | $1.98M | Seed | $15.83M | Torex Semiconductor | – |
| Jun 2014 | $2.89M | Seed | $5.49M | Srinivasan Chakravarthy |
| Date | Valuation | Stage |
|---|---|---|
| Dec 2019 | $15.83M | •••••••• |
| Jun 2014 | $5.49M | •••••••• |
Last known valuation $15.83M (Dec 2019). 10 investors in total: 2 institutional and 8 angel.
Investors in Cirel Systems
Cirel Systems has secured backing from 10 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include A&E Investments, Torex Semiconductor and Ganapathy Subramaniam.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm investing in multiple sectors | aeinvestments.com | San Francisco, United States | ||
Developer of power supply IC | torexsemi.com | Chuo City, Japan | ||
GS Ganapathy Subramaniam | unknown_e307cbb525fc4b199 | |||
SC Srinivasan Chakravarthy | unknown_306696ed5d104a459 | |||
PE Prakash Easwaran | Angel investor and tech leader, ex-Google, focused on early-stage startups | unknown_69c48293f5f645b18 | ||
NA Nagaraj Azhakesan | unknown_61c46810da92421c9 | |||
SM Sumeet Mathur | Angel investor and tech entrepreneur, focused on early-stage Indian startups | unknown_dd99f7cd0bcf41ed8 | ||
GS Ganapathy Subramaniam | unknown_028172cfc1aa45b5a | |||
SC Srinivasan Chakravarthy | unknown_b7c9f15fa2c24f8db | |||
NA Nagaraj Azhakesan | Angel investor and tech leader, ex-Google, focused on early-stage startups | unknown_f591ac9caec5473da |
Investor details for Cirel Systems
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Verified entity values are shown only after access is granted.
Board of directors of Cirel Systems Private Limited (Cirel Systems)
Cirel Systems Private Limited is the primary company behind Cirel Systems. The board of Cirel Systems Private Limited currently have 5 directors; the longest-serving is Prakash Easwaran, appointed in 2013. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Prakash Easwaran DIN 00019527 | Director | 04 Jan 2013 | 13 yrs 10 mo | Cirel Systems Private Limited |
| Srinivasan Chakravarthy DIN 00019854 | Director | 04 Jan 2013 | 13 yrs 10 mo | Cirel Systems Private Limited |
| Sumeet Mathur DIN 06520234 | Director | 06 Mar 2013 | 13 yrs 8 mo | Cirel Systems Private Limited |
| Ganapathy Subramaniam DIN 00019891 | Director | 13 Jun 2014 | 12 yrs 5 mo | Cirel Systems Private Limited |
| Akira Shimizu DIN 08739802 | Nominee Director | 26 May 2020 | 6 yrs 5 mo | Cirel Systems Private Limited |
People of Cirel Systems
1 people are tracked at Cirel Systems (1 in leadership); the tracked headcount is 2.
| Name | Role | Group |
|---|---|---|
| Founder & CEO | Leadership |
Complete people profiles for Cirel Systems
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Verified entity values are shown only after access is granted.
Financials of Cirel Systems
Figures of Cirel Systems Private Limited, the primary company behind Cirel Systems, for FY 2025. Revenue was ₹4.08 Cr (-93% year on year). Net loss was -₹5.39 Cr (-132% margin). EBITDA was -₹2.14 Cr (-52% margin). Revenue has grown at a compounded annual rate of -59% over three years and -20% over five years.
- ₹4.08 CrRevenue · FY 2025 · -93% YoY
- -₹5.39 CrNet loss · -132% margin
- -₹2.14 CrEBITDA · -52% margin
- ₹1.02 CrPaid-up capital
- 2Employees (provident fund records)
- -59%Revenue CAGR, 3 years
- -20%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Cirel Systems Private Limited are on its company page.
Detailed financial statements for Cirel Systems
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Cirel Systems
4 dated milestones of Cirel Systems across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Cirel Systems is founded.
- Funding First funding round of $2.9M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $2.0M.
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Related news about Cirel Systems
Complete news archive for Cirel Systems
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Frequently Asked Questions about Cirel Systems
Cirel Systems was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Cirel Systems is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Sumeet Mathur is the CEO of Cirel Systems, as recorded in our data. They have also founded this company.
Cirel Systems is a funded company, having raised a total of $4.87M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2.89M, raised on Jun 2014.
Cirel Systems has 2 employees.
The primary company behind Cirel Systems, Cirel Systems Private Limited, reported revenue of ₹4.08 Cr for FY 2025, down 93% year on year.
Provider of power management ICs. It offers a power management platform and portable devices, such as smart-phones and tablets by providing an integrated and optimized solution to power application processors, integrates regulators for peripherals, battery charging and monitoring functions. Its sensor chip platform enables customers to develop custom ASIC solutions for sensors.
Cirel Systems offers PMASIC Platform, SensASIC Platform, and Preamps.
Cirel Systems has 10 investors. Key investors include A&E Investments, Torex Semiconductor, Ganapathy Subramaniam, Srinivasan Chakravarthy, and Prakash Easwaran.
The valuation of Cirel Systems is $15.83M as of Dec 2019.
Cirel Systems operates through Cirel Systems Private Limited.
The legal entities of Cirel Systems currently have 5 directors, including Prakash Easwaran, Srinivasan Chakravarthy, Ganapathy Subramaniam and others.