About FlamencoTech
FlamencoTech is a Technology company based in Bengaluru (India) founded in 2011. IoT and AI SaaS platform for energy management, facility automation, and workplace optimization. It operates on a SaaS and B2B model. FlamencoTech has raised $3.45 million across 1 funding round from investors including FutureIP Labs and Neelanchal Edifice. The company has 33 employees. Its Indian entity Flamenco Tech (India) Private Limited reported revenue of ₹10.66 Cr. FlamencoTech offers products and services including db Automate, db Energy, db Optima, db Spazio, and db Sensors. Its focus areas include IoT and AI, Energy Management, Decarbonization and Real Estate Tech.
Company details
Digital Blanket is a technology company offering SaaS solutions that use IoT and AI to monitor energy consumption, automate building operations, and optimize space in real estate. It helps businesses achieve energy savings, comply with ESG standards, and enhance workplace experiences through products like smart sensors and reporting tools. Based in Bangalore, India, and Wilmington, USA, it serves sectors including corporate offices, healthcare, and data centers, focusing on decarbonization and efficiency for enterprises.
- Headquarters Bengaluru, India
- Employees 33
- SectorsTechnology
- Email••••••••
- Website flamencotech.com
- Social LinkedIn X Facebook YouTube
- Legal Name Flamenco Tech (India) Private Limited
- Date of Incorporation 29 Apr, 2011
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹10.66 Cr
FY 2024 · +41% YoY
- Net Loss-₹4.89 Cr
FY 2024 · -46% margin
- EBITDA-₹4.38 Cr
FY 2024 · -41% margin
- Total Equity Funding$3.45M (USD)
in 1 rounds
- Latest Funding Round$3.45M (USD), Series A
Jul 2021
- InvestorsFutureIP Labs
& 1 more
- Employee Count33
Associated legal entities of FlamencoTech
FlamencoTech operates through Flamenco Tech (India) 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 |
|---|---|---|---|---|---|---|---|
| Flamenco Tech (India) Private Limited CIN U72200KA2011PTC058389 | Active | 29 Apr 2011 | Bangalore, Karnataka | ₹10.7 Cr | 33 | 2 | View details |
Products & Services of FlamencoTech
FlamencoTech offers a comprehensive portfolio of products and services, including db Automate, db Energy, db Optima, db Spazio, and db Sensors.
Automates building systems for data-driven decisions and efficiency.
Monitors and controls energy inefficiencies for savings.
Manages assets to minimize downtime and streamline operations.
Optimizes space planning and employee experiences digitally.
Provides real-time insights on occupancy and air quality.
Apps and channels of FlamencoTech
its YouTube channel Flamenco Tech India Pvt Ltd has 56 subscribers and 14 videos.
Videos from FlamencoTech
The most watched videos on FlamencoTech's YouTube channel, Flamenco Tech India Pvt Ltd (56 subscribers). Click a video to play it here.
More on Flamenco Tech India Pvt Ltd.
Funding Insights of FlamencoTech
FlamencoTech has successfully raised a total of $3.45M through 1 strategic funding round. The most recent funding activity was a Series A round of $3.45 million completed in July 2021. 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 $3.45M
- Total Rounds 1
- Last Round Series A — $3.45M
- First Round $3.45M
(Jul 2021)
- Investors Count 2
All 1 funding rounds of FlamencoTech 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 |
|---|---|---|---|---|---|
| Jul 2021 | $3.45M | Series A | – | FutureIP Labs |
2 investors in total: 2 institutional.
Investors in FlamencoTech
FlamencoTech has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include FutureIP Labs and Neelanchal Edifice.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Provider of intellectual property services | 2009 | futureip.com | Bengaluru, India | |
Construction services are provided in Bengaluru, India. | neelanchaledifice.tcc.mode | Bengaluru, India |
Investor details for FlamencoTech
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Flamenco Tech (India) Private Limited (FlamencoTech)
Flamenco Tech (India) Private Limited is the primary company behind FlamencoTech. The board of Flamenco Tech (India) Private Limited currently have 2 directors; the longest-serving is Balasubramaniam Ramaswamy Chitoor, appointed in 2011. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Balasubramaniam Ramaswamy Chitoor DIN 01676770 | Director | 29 Apr 2011 | 15 yrs 5 mo | Flamenco Tech (India) Private Limited |
| Harsh Ketan Desai DIN 07837134 | Director | 01 Apr 2024 | 2 yrs 6 mo | Flamenco Tech (India) Private Limited |
Financials of FlamencoTech
Figures of Flamenco Tech (India) Private Limited, the primary company behind FlamencoTech, for FY 2024. Revenue was ₹10.66 Cr (+41% year on year). Net loss was -₹4.89 Cr (-46% margin). EBITDA was -₹4.38 Cr (-41% margin). Revenue has grown at a compounded annual rate of +19% over three years and -5% over five years.
- ₹10.66 CrRevenue · FY 2024 · +41% YoY
- -₹4.89 CrNet loss · -46% margin
- -₹4.38 CrEBITDA · -41% margin
- ₹2.1 LakhPaid-up capital
- 33Employees (provident fund records)
- +19%Revenue CAGR, 3 years
- -5%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Flamenco Tech (India) Private Limited are on its company page.
Detailed financial statements for FlamencoTech
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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Verified entity values are shown only after access is granted.
Timeline of FlamencoTech
2 dated milestones of FlamencoTech across 10 years, from founding to its latest funding, stage changes and deals.
- Founded FlamencoTech is founded.
- Funding First funding round of $3.5M.
Top companies in AI in Energy
3 companies that operate in the same segment as FlamencoTech (AI in Energy) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Delivers AI-driven software solutions for the renewable energy sector. | 2014 | Bengaluru, Karnataka, India | ||||
AI platform for energy management, forecasting, and optimization in utilities sector. | 2015 | Mumbai, Maharashtra, India | USD 315.66 K | 1 | ||
Experimental platform developing AI applications for climate initiatives globally. | 2007 | Chennai, Tamil Nadu, India | USD 5.3 K | 1 |
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Related news about Flamencotech
Complete news archive for FlamencoTech
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Frequently Asked Questions about FlamencoTech
FlamencoTech was founded in 2011 and raised its 1st funding round 10 years after it was founded.
FlamencoTech is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
FlamencoTech is a funded company, having raised a total of $3.45M across 1 funding round to date. The company's 1st funding round was a Series A of $3.45M, raised on Jul 2021.
FlamencoTech has 33 employees.
The primary company behind FlamencoTech, Flamenco Tech (India) Private Limited, reported revenue of ₹10.66 Cr for FY 2024, up 41% year on year.
Digital Blanket is a technology company offering SaaS solutions that use IoT and AI to monitor energy consumption, automate building operations, and optimize space in real estate. It helps businesses achieve energy savings, comply with ESG standards, and enhance workplace experiences through products like smart sensors and reporting tools. Based in Bangalore, India, and Wilmington, USA, it serves sectors including corporate offices, healthcare, and data centers, focusing on decarbonization and efficiency for enterprises.
FlamencoTech offers db Automate, db Energy, db Optima, db Spazio, and db Sensors.
FlamencoTech has 2 investors. Key investors include FutureIP Labs, and Neelanchal Edifice.
FlamencoTech operates through Flamenco Tech (India) Private Limited.
The legal entities of FlamencoTech currently have 2 directors, including Balasubramaniam Ramaswamy Chitoor, Harsh Ketan Desai.