About CUSMAT
CUSMAT is a company based in Bengaluru (India) founded in 2016 by Anirban Jyoti Chakravorty.. CUSMAT has raised $4.22 million across 8 funding rounds from investors including Angel List, Better Mortgage and MapmyIndia. The company has 57 employees as of April 09, 2024. CUSMAT offers products and services including SkillEdge, VR-based Operator Simulators, and Operator Skilling Platform. CUSMAT operates in a competitive market with competitors including Attensi, Interplay Learning, Transfr, Simulanis and Strivr, among others.
- Headquarter Bengaluru, India
- Employees 57 as on 09 Apr, 2024
- Founders Anirban Jyoti Chakravorty
- 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 Cusmat Technologies Private Limited
- Date of Incorporation 16 Jun, 2016
- Jurisdiction Hyderabad, Telangana, India
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Annual Revenue
$222.63 K (USD)113.62as on Mar 31, 2023
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Net Profit
$-647.13 K (USD)-199.7as on Mar 31, 2023
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EBITDA
$-650.05 K (USD)-199.87as on Mar 31, 2023
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Total Equity Funding
$4.22 M (USD)
in 8 rounds
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Latest Funding Round
$3.5 M (USD), Series A
Aug 04, 2022
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Investors
Angel List
& 125 more
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Employee Count
57
as on Apr 09, 2024
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Products & Services of CUSMAT
CUSMAT offers a comprehensive portfolio of products and services, including SkillEdge, VR-based Operator Simulators, and Operator Skilling Platform. 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.
Simulation-based training for industrial skills and efficiency
Virtual reality tools for operator safety and productivity
Platform for enhancing industrial operator expertise
Unlock access to complete
Funding Insights of CUSMAT
CUSMAT has successfully raised a total of $4.22M across 8 strategic funding rounds. The most recent funding activity was a Series A round of $3.5 million completed in August 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.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series A — $3.5M
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First Round
First Round
(16 Apr 2019)
- Investors Count 126
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2022 | Amount | Series A - CUSMAT | Valuation | Z Nation Lab , Arkam Ventures | |
| Aug, 2022 | Amount | Seed - CUSMAT | Valuation | Soonicorn Ventures |
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| May, 2022 | Amount | Seed - CUSMAT | Valuation |
investors |
| 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 CUSMAT
CUSMAT has secured backing from 126 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Angel List, Better Mortgage and MapmyIndia. 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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Venture capital firm investing in applied generative AI
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Founded Year | Domain | Location | |
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Investing in pre-seed to Series A startups across various sectors in India.
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Founded Year | Domain | Location | |
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Startup accelerator
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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 CUSMAT
| 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 - CUSMAT
| 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 |
Cusmat Comparisons
Competitors of CUSMAT
CUSMAT 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 Attensi, Interplay Learning, Transfr, Simulanis and Strivr, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of gamified simulation training for corporates
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| domain | founded_year | HQ Location |
VR simulation-based online training is provided for technical skills.
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| domain | founded_year | HQ Location |
VR-based online LMS for enterprise career training is offered.
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| domain | founded_year | HQ Location |
Developer of virtual, augmented, and mixed reality training and productivity tools.
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| domain | founded_year | HQ Location |
Virtual reality platforms for training and learning are provided.
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| domain | founded_year | HQ Location |
Cloud-based VR training platform is offered for corporate use.
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| 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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Latest news on Cusmat
Frequently Asked Questions about CUSMAT
When was CUSMAT founded?
CUSMAT was founded in 2016 and raised its 1st funding round 3 years after it was founded.
Where is CUSMAT located?
CUSMAT is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is CUSMAT a funded company?
CUSMAT is a funded company, having raised a total of $4.22M across 8 funding rounds to date.
How many employees does CUSMAT have?
As of Apr 09, 2024, the latest employee count at CUSMAT is 57.
What is the annual revenue of CUSMAT?
Annual revenue of CUSMAT is $222.63K as on Mar 31, 2023.
What does CUSMAT do?
CUSMAT was founded in 2016 in Bengaluru, India, as a developer of simulation-based training platforms focused on industrial skills. Equipment operation simulators, mobile learning applications, and VR hands-on skilling platforms are provided to enhance productivity and safety. These solutions serve sectors such as logistics, manufacturing, and healthcare, with training delivered via mobile apps and VR simulators for accessible learning experiences.
Who are the top competitors of CUSMAT?
CUSMAT's top competitors include Attensi, Interplay Learning and Simulanis.
What products or services does CUSMAT offer?
CUSMAT offers SkillEdge, VR-based Operator Simulators, and Operator Skilling Platform.
Who are CUSMAT's investors?
CUSMAT has 126 investors. Key investors include Angel List, Better Mortgage, MapmyIndia, BlackSoil, and Growit.
What is CUSMAT's valuation?
The valuation of CUSMAT is $11.92M as of Aug 2022.