About ExactSpace
ExactSpace is a Technology company based in Bengaluru (India) founded in 2018 by Arun Jose, Boben Anto, and Rahul Raghunathan, and was acquired by Thermax in April 2026. It operates in the Technology and Industrial Goods & Manufacturing sectors. ExactSpace has raised $1.4 million across 2 funding rounds from investors including Thermax, Startup Karnataka and Shell E4. The company has 59 employees. ExactSpace was last valued at $8.44 million in January 2022. Its chief executive, as recorded, is Rahul Raghunathan. Its Indian entity Exactspace Technologies Private Limited reported revenue of ₹5.53 Cr. ExactSpace offers products and services including Pulse. Its focus areas include Enterprise Applications, Manufacturing Tech, Enterprise Asset Management and Maintenance Management.
Company details
Developer of online predictive maintenance solutions for manufacturing. It offers AI and IoT-interfaced platform that analyzes machines and assets to diagnose faults and rectify errors and monitor production processes. It provides real-time data generated from automation systems and enterprise systems and offers insights for users to take business and operational decisions. It also uses a machine learning algorithm for predictive analytics and data extraction. Its applications are in thermal stations, chemicals, refineries, and manufacturers.
- Headquarters Bengaluru, India
- Employees 59
- Founders Arun Jose, Boben Anto, Rahul Raghunathan
- Stage Acquired
- SectorsTechnologyIndustrial Goods & Manufacturing
- Website exactspace.co
- Social LinkedIn
- Acquired by Thermax (Apr 2026)
- Legal Name Exactspace Technologies Private Limited
- Date of Incorporation 14 Dec, 2017
- Jurisdiction Bangalore, Karnataka, India
Associated legal entities of ExactSpace
ExactSpace operates through Exactspace 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 |
|---|---|---|---|---|---|---|---|
| Exactspace Technologies Private Limited CIN U72900KA2017PTC108698 | Active | 14 Dec 2017 | Bangalore, Karnataka | ₹5.5 Cr | 59 | 2 | View details |
Products & Services of ExactSpace
ExactSpace offers a comprehensive portfolio of products and services, including Pulse.
AI-powered tool for predictive maintenance and process optimization
Funding Insights of ExactSpace
ExactSpace has successfully raised a total of $1.4M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1.4 million completed in January 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 $1.4M
- Total Rounds 2
- Last Round Seed — $1.4M
- Investors Count 3
All 2 funding rounds of ExactSpace 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 |
|---|---|---|---|---|---|
| Jan 2022 | $1.4M | Seed | $8.44M | Thermax | |
| Jun 2019 | Grant | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Jan 2022 | $8.44M | •••••••• |
Last known valuation $8.44M (Jan 2022). 3 investors in total: 3 institutional.
Investors in ExactSpace
ExactSpace has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Thermax, Startup Karnataka and Shell E4.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Energy sectors are targeted by Shell-backed accelerator program. | e4.shell.in.tcc.mode | |||
Energy and environmental solutions are provided for industrial sectors. | 1966 | thermaxglobal.com | Pune, India | |
Support for startups in Karnataka is delivered through policies, funding, and networking services. | 2004 | missionstartupkarnataka.org | Bengaluru, India |
Investor details for ExactSpace
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Exactspace Technologies Private Limited (ExactSpace)
Exactspace Technologies Private Limited is the primary company behind ExactSpace. The board of Exactspace Technologies Private Limited currently have 2 directors; the longest-serving is Rahul Raghunathan, appointed in 2017. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rahul Raghunathan DIN 08011083 | Director | 14 Dec 2017 | 8 yrs 10 mo | Exactspace Technologies Private Limited |
| Arun Jose DIN 08981602 | Director | 04 Dec 2020 | 5 yrs 10 mo | Exactspace Technologies Private Limited |
People of ExactSpace
3 people are tracked at ExactSpace (3 in leadership); the tracked headcount is 59.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
Boben Anto | Co-Founder | Leadership |
| Co-Founder & CEO | Leadership |
Complete people profiles for ExactSpace
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of ExactSpace
Figures of Exactspace Technologies Private Limited, the primary company behind ExactSpace, for FY 2024. Revenue was ₹5.53 Cr (-6% year on year). Net loss was -₹1.40 Cr (-25% margin). EBITDA was -₹1.13 Cr (-20% margin). Revenue has grown at a compounded annual rate of +101% over three years and +99% over five years.
- ₹5.53 CrRevenue · FY 2024 · -6% YoY
- -₹1.40 CrNet loss · -25% margin
- -₹1.13 CrEBITDA · -20% margin
- ₹1 LakhPaid-up capital
- 59Employees (provident fund records)
- +101%Revenue CAGR, 3 years
- +99%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Exactspace Technologies Private Limited are on its company page.
Detailed financial statements for ExactSpace
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of ExactSpace
5 dated milestones of ExactSpace across 8 years, from founding to its latest funding, stage changes and deals.
- Founded ExactSpace is founded.
- Funding First funding round.
- Funding Latest funding round, Seed, of $1.4M.
- Milestone Reaches Minicorn status.
- Exit Acquired by Thermax.
Web traffic of ExactSpace
The website of ExactSpace (exactspace.co) receives about 4K visits a month.
- Monthly visits4K
▼ 4.7% vs previous month
Websites whose visitors overlap most with ExactSpace. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| google.com | 100% | 85.8B | #1 | View details |
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Related news about Exactspace
Complete news archive for ExactSpace
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Frequently Asked Questions about ExactSpace
ExactSpace was founded in 2018 and raised its 1st funding round 1 year after it was founded.
ExactSpace is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Rahul Raghunathan is the CEO of ExactSpace, as recorded in our data. They have also founded this company.
ExactSpace is a funded company, having raised a total of $1.4M across 2 funding rounds to date.
ExactSpace has 59 employees.
The primary company behind ExactSpace, Exactspace Technologies Private Limited, reported revenue of ₹5.53 Cr for FY 2024, down 6% year on year.
Developer of online predictive maintenance solutions for manufacturing. It offers AI and IoT-interfaced platform that analyzes machines and assets to diagnose faults and rectify errors and monitor production processes. It provides real-time data generated from automation systems and enterprise systems and offers insights for users to take business and operational decisions. It also uses a machine learning algorithm for predictive analytics and data extraction. Its applications are in thermal stations, chemicals, refineries, and manufacturers.
ExactSpace offers Pulse.
ExactSpace has 3 investors. Key investors include Thermax, Startup Karnataka, and Shell E4.
The valuation of ExactSpace is $8.44M as of Jan 2022.
ExactSpace operates through Exactspace Technologies Private Limited.
Yes. ExactSpace was acquired by Thermax in April 2026.