About Covacsis
Covacsis is a company based in Mumbai (India) founded in 2009 by Tarun Mishra. Covacsis has raised $4.02 million across 3 funding rounds from investors including Thermax, Cisco Investments and JioGenNext. The company has 39 employees as of April 02, 2024. Covacsis operates in a competitive market with competitors including Seeq, Tulip, MachineMetrics, Trio Mobil and Braincube, among others.
- Headquarter Mumbai, India
- Employees 39 as on 02 Apr, 2024
- Founders Tarun Mishra
- Stage Minicorn
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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
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- Legal Name Covacsis Technologies Private Limited
- Date of Incorporation 10 Oct, 2003
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$655.84 K (USD)-22.18as on Mar 31, 2023
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Net Profit
-$188.55 K (USD)-553.56as on Mar 31, 2023
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EBITDA
-$187.2 K (USD)-31.15as on Mar 31, 2023
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Total Equity Funding
$4.02 M (USD)
in 3 rounds
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Latest Funding Round
$1.26 M (USD), Series C
Jul 26, 2022
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Investors
Thermax
& 5 more
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Employee Count
39
as on Apr 02, 2024
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Funding Insights of Covacsis
Covacsis has successfully raised a total of $4.02M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $1.26 million completed in July 2022. 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 Covacsis
Covacsis has secured backing from 6 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Thermax, Cisco Investments and JioGenNext.
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Technology investments and expertise in networking, cloud, and security services.
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Seed and early-stage investments are made across sectors in India.
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Startup engagement platform providing market access and guidance within the Reliance ecosystem.
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Investor details for Covacsis
Investor domains, locations, round participation, and complete history require an active premium plan.
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Investments & Acquisitions by Covacsis
Investment portfolio details for Covacsis
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- Transaction dates
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Financial Statements - Covacsis
Detailed financials for Covacsis
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- Profit trends
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Covacsis Comparisons
Peer comparison for Covacsis
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- Named peers
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Competitors of Covacsis
Covacsis 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 Seeq, Tulip, MachineMetrics, Trio Mobil and Braincube, among others.
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Industrial process data is analyzed through advanced analytics solutions.
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IoT-based software for manufacturing efficiency and data integration is provided.
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Machine data is monitored and visualized to enhance manufacturing efficiency.
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IoT and Tracking Solutions - Trio Mobil
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Cloud-based IoT and data analytics are offered for manufacturing operations.
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Public cloud APIs for machine learning intelligence are provided.
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Detailed competitors of Covacsis
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Latest news on Covacsis
Complete news archive for Covacsis
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Frequently Asked Questions about Covacsis
Covacsis was founded in 2009 and raised its 1st funding round 3 years after it was founded.
Covacsis is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Tarun Mishra is the current CEO of Covacsis. They have also founded this company.
Covacsis is a funded company, having raised a total of $4.02M across 3 funding rounds to date.
As of Apr 02, 2024, the latest employee count at Covacsis is 39.
Annual revenue of Covacsis is $655.84K as on Mar 31, 2023.
Founded in 2009 in Mumbai, India, Covacsis functions as an industrial IoT platform. Plant data from manufacturing operations is captured, transformed, and analyzed. Key performance indicators, including productivity, energy efficiency, quality, and cost management, are tracked. Micro events on production floors are recorded and converted into analytical insights. Tools for extracting data from machines, measuring productivity parameters, integrating with ERP systems, and supporting process control are included.
Covacsis's top competitors include Seeq, MachineMetrics and Tulip.
Covacsis has 6 investors. Key investors include Thermax, Cisco Investments, JioGenNext, Blume Ventures, and India Venture Partnership.
The valuation of Covacsis is $7.96M as of Jul 2022.