About Elemental Machines
Elemental Machines is a company based in Cambridge (United States) founded in 2015 by Sridhar Iyengar.. Elemental Machines has raised $46.64 million across 3 funding rounds from investors including ProFounder, Sageview Capital and Omega Venture Partners. Elemental Machines offers products and services including IoT Platform, Hardware Solutions, and Software Solutions. Elemental Machines operates in a competitive market with competitors including Kontakt, UnaBiz, Waters Corporation, Lantronix and Ovation, among others.
- Headquarter Cambridge, United States
- Founders Sridhar Iyengar
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Sectors
HealthcareTechnology
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$46.64 M (USD)
in 3 rounds
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Latest Funding Round
$41.89 M (USD), Series B
Nov 10, 2022
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Investors
ProFounder
& 11 more
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Employee Count
Employee Count
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Products & Services of Elemental Machines
Elemental Machines offers a comprehensive portfolio of products and services, including IoT Platform, Hardware Solutions, and Software Solutions. 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.
Software for real-time data transmission and dashboard monitoring.
Devices for measuring temperature, humidity, and equipment usage.
Tools for alerting, analytics, and compliance reporting.
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Funding Insights of Elemental Machines
Elemental Machines has successfully raised a total of $46.64M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $41.89 million completed in November 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 3
- Last Round Series B — $41.9M
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First Round
First Round
(04 Aug 2015)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2022 | Amount | Series B - Elemental Machines | Valuation | Sageview Capital , Omega Venture Partners | |
| Jan, 2016 | Amount | Seed - Elemental Machines | Valuation | Founders Fund , Project 11 Ventures | |
| Aug, 2015 | Amount | Seed - Elemental Machines | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Elemental Machines
Elemental Machines has secured backing from 12 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include ProFounder, Sageview Capital and Omega Venture Partners. 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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Private equity investments are pursued in Europe and the US.
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Venture capital fund focused on AI & ML startups
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Venture capital firm investing in software companies
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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 Elemental Machines
| 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 - Elemental Machines
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Elemental Machines Comparisons
Competitors of Elemental Machines
Elemental Machines 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 Kontakt, UnaBiz, Waters Corporation, Lantronix and Ovation, 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 |
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| domain | founded_year | HQ Location |
AI-based location and sensor data insights are provided for businesses.
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| domain | founded_year | HQ Location |
IoT product design, manufacturing, and data platform services are provided.
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| domain | founded_year | HQ Location |
Provider of laboratory management system for researchers and clinicians
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| domain | founded_year | HQ Location |
Provider of end to end IoT components
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| domain | founded_year | HQ Location |
Cloud-based platform for laboratory data management and collaboration is provided.
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| domain | founded_year | HQ Location |
LIMS, Quality ELN and Business Intelligence solutions for laboratory
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Elemental Machines
Frequently Asked Questions about Elemental Machines
When was Elemental Machines founded?
Elemental Machines was founded in 2015.
Where is Elemental Machines located?
Elemental Machines is headquartered in Cambridge, United States. It is registered at Cambridge, Massachusetts, United States.
Who is the current CEO of Elemental Machines?
Rob Estrella is the current CEO of Elemental Machines.
Is Elemental Machines a funded company?
Elemental Machines is a funded company, having raised a total of $46.64M across 3 funding rounds to date. The company's 1st funding round was a Seed of $2.25M, raised on Aug 04, 2015.
What does Elemental Machines do?
Elemental Machines was founded in 2015 in Cambridge, United States. Cloud-based hardware and software solutions are provided by the company to support data-driven processes in drug discovery, development, and delivery. These tools are utilized by organizations including biopharma labs, biobanks, analytical labs, and manufacturers within the life sciences sector and related fields. Operations focus on enabling efficient data management and insights for various industrial applications.
Who are the top competitors of Elemental Machines?
What products or services does Elemental Machines offer?
Elemental Machines offers IoT Platform, Hardware Solutions, and Software Solutions.
Who are Elemental Machines's investors?
Elemental Machines has 12 investors. Key investors include ProFounder, Sageview Capital, Omega Venture Partners, Gutbrain Ventures, and Digitalis Ventures.
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