About CUSMAT
CUSMAT is a Technology company based in Bengaluru (India) founded in 2016 by Anirban Jyoti Chakravorty. Simulation-based training platforms for industrial skills are developed. CUSMAT has raised $4.22 million across 8 funding rounds from investors including Angel List, Better Mortgage and MapmyIndia. The company has 57 employees. CUSMAT was last valued at $11.92 million in August 2022. Its Indian entity Cusmat Technologies Private Limited reported revenue of ₹3.31 Cr. CUSMAT offers products and services including SkillEdge, VR-based Operator Simulators, and Operator Skilling Platform. Its focus areas include High Tech, Virtual Reality, Applications and Education & Training.
Company details
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.
- Headquarters Bengaluru, India
- Employees 57
- Founders Anirban Jyoti Chakravorty
- Stage Minicorn
- SectorsTechnology
- Email••••••••
- Website cusmat.com
- Social LinkedIn X Facebook
- Legal Name Cusmat Technologies Private Limited
- Date of Incorporation 16 Jun, 2016
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹3.31 Cr
FY 2024 · +79% YoY
- Net Loss-₹10.77 Cr
FY 2024 · -326% margin
- EBITDA-₹10.68 Cr
FY 2024 · -323% margin
- Total Equity Funding$4.22M (USD)
in 8 rounds
- Latest Funding Round$3.5M (USD), Series A
Aug 2022
- InvestorsAngel List
& 125 more
- Employee Count57
Associated legal entities of CUSMAT
CUSMAT operates through Cusmat Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Cusmat Technologies Private Limited CIN U74999TG2016PTC110304 | Active | 16 Jun 2016 | Hyderabad, Telangana | ₹3.3 Cr | 57 | 2 | View details |
Products & Services of CUSMAT
CUSMAT offers a comprehensive portfolio of products and services, including SkillEdge, VR-based Operator Simulators, and Operator Skilling Platform.
Simulation-based training for industrial skills and efficiency
Virtual reality tools for operator safety and productivity
Platform for enhancing industrial operator expertise
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 $4.22M
- Total Rounds 8
- Last Round Series A — $3.5M
- First Round $23,013
(Apr 2019)
- Investors Count 126
All 8 funding rounds of CUSMAT 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 |
|---|---|---|---|---|---|
| Aug 2022 | $3.5M | Series A | $11.92M | Z Nation Lab, Arkam Ventures | |
| Aug 2022 | Seed | – | Soonicorn Ventures | – | |
| May 2022 | Seed | – | – | ||
| Mar 2022 | $13,057 | Angel Round | $6.18M | Heeral Amit Shah, Rashmi Nijagunamurthy | – |
| Jul 2021 | $271,720 | Seed | $••••• | – | |
| Mar 2020 | $209,997 | Angel Round | $••••• | Angel List | |
| Feb 2020 | $199,679 | Seed | $••••• | Raveen Sastry, Pratap Atwal | |
| Apr 2019 | $23,013 | Angel Round | $••••• | Trini Chowdhury Sinha, Sanjeev Verma |
| Date | Valuation | Stage |
|---|---|---|
| Aug 2022 | $11.92M | •••••••• |
| Mar 2022 | $6.18M | •••••••• |
| Jul 2021 | $••••• | •••••••• |
| Mar 2020 | $••••• | •••••••• |
| Feb 2020 | $••••• | •••••••• |
Full valuation and stage history of CUSMAT
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
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Verified entity values are shown only after access is granted.
Last known valuation $11.92M (Aug 2022). 126 investors in total: 47 institutional and 79 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm investing in applied generative AI | capria.vc | Seattle, United States | ||
Investing in pre-seed to Series A startups across various sectors in India. | 2020 | dholakiaventures.com | Surat, India | |
Startup accelerator | 2016 | znationlab.com | Cupertino, United States | |
Private debt fund focused on multiple sectors | bigleapinnovations.tcc.mode | Surat, India | ||
Investment and consulting firm supporting startups and organizations through strategic funding and development services. | kiaoraventures.com | Gurugram, India | ||
Multiple sectors are invested in by Malacca Ventures family office. | malaccaventure.tcc.mode | Singapore, Singapore | ||
Private equity and business acceleration focused on multiple sectors | equescapital.in | Mumbai, India | ||
Early-stage venture investments are facilitated by Mumbai Angels network. | 2006 | mumbaiangels.com | Mumbai, India | |
Venture capital investments are focused on fintech and various sectors. | uviiigp.tcc.mode | Seattle, United States | ||
Venture captial firm focused on multiple sectors | fashionfit.tcc.mode | Singapore, Singapore |
Investor details for CUSMAT
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 Cusmat Technologies Private Limited (CUSMAT)
Cusmat Technologies Private Limited is the primary company behind CUSMAT. The board of Cusmat Technologies Private Limited currently have 2 directors; the longest-serving is Abhinav Ayan, appointed in 2016. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Abhinav Ayan DIN 07537788 | Director | 16 Jun 2016 | 10 yrs 4 mo | Cusmat Technologies Private Limited |
| Anirban Jyoti Chakravorty DIN 07623174 | Director | 01 Oct 2016 | 10 yrs | Cusmat Technologies Private Limited |
People of CUSMAT
8 people are tracked at CUSMAT (6 in leadership, 2 in team); the tracked headcount is 57.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
Harshad Apte | Head Of Marketing | Leadership |
Aishwarya J. | Head Of Product Design | Leadership |
| COO | Leadership | |
Ayush Jena | Head Of HR | Leadership |
| CEO | Leadership | |
Rishabh Suri | 3d Artist | Team |
Naresh Dubbudu | Strategic Advisor | Team |
Complete people profiles for CUSMAT
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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- Professional contacts
Verified entity values are shown only after access is granted.
Financials of CUSMAT
Figures of Cusmat Technologies Private Limited, the primary company behind CUSMAT, for FY 2024. Revenue was ₹3.31 Cr (+79% year on year). Net loss was -₹10.77 Cr (-326% margin). EBITDA was -₹10.68 Cr (-323% margin). Revenue has grown at a compounded annual rate of +283% over three years and +114% over five years.
- ₹3.31 CrRevenue · FY 2024 · +79% YoY
- -₹10.77 CrNet loss · -326% margin
- -₹10.68 CrEBITDA · -323% margin
- ₹40 LakhPaid-up capital
- 57Employees (provident fund records)
- +283%Revenue CAGR, 3 years
- +114%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Cusmat Technologies Private Limited are on its company page.
Detailed financial statements for CUSMAT
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
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Timeline of CUSMAT
4 dated milestones of CUSMAT across 6 years, from founding to its latest funding, stage changes and deals.
- Founded CUSMAT is founded.
- Funding First funding round of $23K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $3.5M.
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Related news about Cusmat
Complete news archive for CUSMAT
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Frequently Asked Questions about CUSMAT
CUSMAT was founded in 2016 and raised its 1st funding round 3 years after it was founded.
CUSMAT is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
CUSMAT is a funded company, having raised a total of $4.22M across 8 funding rounds to date. The company's 1st funding round was a Angel Round of $23.01K, raised on Apr 2019.
CUSMAT has 57 employees.
The primary company behind CUSMAT, Cusmat Technologies Private Limited, reported revenue of ₹3.31 Cr for FY 2024, up 79% year on year.
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.
CUSMAT offers SkillEdge, VR-based Operator Simulators, and Operator Skilling Platform.
CUSMAT has 126 investors. Key investors include Angel List, Better Mortgage, MapmyIndia, BlackSoil, and Growit.
The valuation of CUSMAT is $11.92M as of Aug 2022.
CUSMAT operates through Cusmat Technologies Private Limited.
The legal entities of CUSMAT currently have 2 directors, including Anirban Jyoti Chakravorty, Abhinav Ayan.