About Edgeforce
Edgeforce is a company based in Hyderabad (India) founded in 2020 by P Hani and Sriramesh Narayanan. Edgeforce has raised $834.46 thousand across 3 funding rounds from investors including Dholakia Ventures, IVY Growth Associates and HTS.Limited. The company has 22 employees as of March 28, 2024. Edgeforce operates in a competitive market with competitors including Anduril, Hensoldt, Serco, Cubic and Alpha Design Technologies, among others.
- Headquarter Hyderabad, India
- Employees 22 as on 28 Mar, 2024
- Founders P Hani, Sriramesh Narayanan
- Stage Minicorn
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Sectors
Aerospace, Defense & Maritime
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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 Edgeforce Solutions Private Limited
- Date of Incorporation 10 Dec, 2020
- Jurisdiction Serilingampally, Telangana, India
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Annual Revenue
$146.55 K (USD)329.03as on Mar 31, 2023
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Net Profit
$26.69 K (USD)152.07as on Mar 31, 2023
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EBITDA
-$14.5 K (USD)70.17as on Mar 31, 2023
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Total Equity Funding
$834.46 K (USD)
in 3 rounds
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Latest Funding Round
$501.69 K (USD), Seed
Jun 15, 2024
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Investors
Dholakia Ventures
& 38 more
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Employee Count
22
as on Mar 28, 2024
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Funding Insights of Edgeforce
Edgeforce has successfully raised a total of $834.46K across 3 strategic funding rounds. The most recent funding activity was a Seed round of $501.69 thousand completed in June 2024. 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 3
- Last Round Seed — $501,694
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First Round
First Round
(09 May 2022)
- Investors Count 39
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Seed - Edgeforce | Valuation | Mile Deep Capital |
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| Oct, 2023 | Amount | Seed - Edgeforce | Valuation | AI4ICPS |
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| May, 2022 | Amount | Seed - Edgeforce | Valuation | Dholakia Ventures |
Investors in Edgeforce
Edgeforce has secured backing from 39 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Dholakia Ventures, IVY Growth Associates and HTS.Limited.
| Investor | Description | 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 acceleration and incubation services are offered in India.
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Founded Year | Domain | Location | |
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Angel network facilitating startup investments and investor connections in technology and sustainability sectors.
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Founded Year | Domain | Location |
Investments & Acquisitions by Edgeforce
Financial Statements - Edgeforce
Edgeforce Comparisons
Competitors of Edgeforce
Edgeforce 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 Anduril, Hensoldt, Serco, Cubic and Alpha Design Technologies, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of AI-based drone surveillance solutions for defense and maritime sector
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| domain | founded_year | HQ Location |
Developer of integrated air surveillance radar for the military and defence industry
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| domain | founded_year | HQ Location |
Provider of public services to government
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| domain | founded_year | HQ Location |
Integrated solutions are provided for transportation and defense sectors.
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| domain | founded_year | HQ Location |
Diversified non-combat systems for defense industries are developed.
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| domain | founded_year | HQ Location |
SaaS-based solutions for rail fleet operations management are developed.
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Latest news on Edgeforce
Frequently Asked Questions about Edgeforce
Edgeforce was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Edgeforce is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
P Hani is the current CEO of Edgeforce. They have also founded this company.
Edgeforce is a funded company, having raised a total of $834.46K across 3 funding rounds to date. The company's 1st funding round was a Seed of $300.17K, raised on May 09, 2022.
As of Mar 28, 2024, the latest employee count at Edgeforce is 22.
Annual revenue of Edgeforce is $146.55K as on Mar 31, 2023.
Edgeforce was founded in 2020 and is based in Hyderabad, India. Technology solutions are developed for security forces and various industries, with emphasis on sensor technology, edge computing, artificial intelligence, data analytics, and embedded systems. Operations focus on integrating these competencies to support sector-specific applications in defense and commercial environments.
Edgeforce's top competitors include Anduril, Hensoldt and ST Engineering.
Edgeforce has 39 investors. Key investors include Dholakia Ventures, IVY Growth Associates, HTS.Limited, Plantain Tree Ventures, and Ambalika Nair.
The valuation of Edgeforce is $3.44M as of May 2022.