About ExactSpace
ExactSpace is a company based in Bengaluru (India) founded in 2018 by Arun Jose, Boben Anto, and Rahul Raghunathan was acquired by Thermax in April 2026.. ExactSpace has raised $1.4 million across 2 funding rounds from investors including Thermax, Startup Karnataka and Shell E4. The company has 59 employees as of April 07, 2024. ExactSpace offers products and services including Pulse. ExactSpace operates in a competitive market with competitors including Uptake, Infinite Uptime, Uptime AI, I-Care and SparkCognition, among others.
- Headquarter Bengaluru, India
- Employees 59 as on 07 Apr, 2024
- Founders Arun Jose, Boben Anto, Rahul Raghunathan
- Stage Minicorn
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Sectors
TechnologyIndustrial Goods & Manufacturing
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Phone
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Website
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Social
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- Legal Name Exactspace Technologies Private Limited
- Date of Incorporation 14 Dec, 2017
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$704.38 K (USD)48.21as on Mar 31, 2023
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Net Profit
$-74.42 K (USD)-136as on Mar 31, 2023
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EBITDA
$-75.22 K (USD)-133.21as on Mar 31, 2023
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Total Equity Funding
$1.4 M (USD)
in 2 rounds
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Latest Funding Round
$1.4 M (USD), Seed
Jan 13, 2022
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Investors
Thermax
& 2 more
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Employee Count
59
as on Apr 07, 2024
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Acquired by
Thermax
(Apr 09, 2026)
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Products & Services of ExactSpace
ExactSpace offers a comprehensive portfolio of products and services, including Pulse. 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.
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 Total Funding
- Total Rounds 2
- Last Round Seed — $1.4M
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2022 | Amount | Seed - ExactSpace | Valuation | Thermax | |
| Jun, 2019 | Amount | Grant - ExactSpace | 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 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. 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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Energy sectors are targeted by Shell-backed accelerator program.
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Founded Year | Domain | Location | |
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Energy and environmental solutions are provided for industrial sectors.
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Founded Year | Domain | Location | |
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Support for startups in Karnataka is delivered through policies, funding, and networking services.
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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 ExactSpace
| 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 - ExactSpace
| 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 |
Exactspace Comparisons
Competitors of ExactSpace
ExactSpace 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 Uptake, Infinite Uptime, Uptime AI, I-Care and SparkCognition, 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 |
Cloud-based predictive analytics platform is utilized for asset maintenance insights.
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| domain | founded_year | HQ Location |
AI-powered predictive maintenance solutions are provided for industrial equipment reliability.
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| domain | founded_year | HQ Location |
Provider of cloud based management solutions
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| domain | founded_year | HQ Location |
Predictive maintenance solutions are provided for industrial equipment.
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| domain | founded_year | HQ Location |
AI based platform offering predictive analytics solution
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| domain | founded_year | HQ Location |
Web-enabled solutions for asset operations and maintenance management are offered.
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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 Exactspace
Frequently Asked Questions about ExactSpace
When was ExactSpace founded?
ExactSpace was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is ExactSpace located?
ExactSpace is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of ExactSpace?
Rahul Raghunathan is the current CEO of ExactSpace. They have also founded this company.
Is ExactSpace a funded company?
ExactSpace is a funded company, having raised a total of $1.4M across 2 funding rounds to date.
How many employees does ExactSpace have?
As of Apr 07, 2024, the latest employee count at ExactSpace is 59.
What is the annual revenue of ExactSpace?
Annual revenue of ExactSpace is $704.38K as on Mar 31, 2023.
What does ExactSpace do?
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.
Who are the top competitors of ExactSpace?
ExactSpace's top competitors include UpKeep, Uptime AI and Infinite Uptime.
What products or services does ExactSpace offer?
ExactSpace offers Pulse.
Who are ExactSpace's investors?
ExactSpace has 3 investors. Key investors include Thermax, Startup Karnataka, and Shell E4.
What is ExactSpace's valuation?
The valuation of ExactSpace is $8.44M as of Jan 2022.