About Flutura
Flutura is a company based in Houston (United States) founded in 2012 by Krishnan Raman, Srikanth Muralidhara, and Derick Jose was acquired by Accenture in March 2023.. Flutura has raised $9.62 million across 3 funding rounds from investors including Accenture, Vertex Ventures SG and Lumis Partners. The company has 110 employees as of April 06, 2024. Flutura offers products and services including Industrial Intelligence Suite. Flutura operates in a competitive market with competitors including Particle, PTC, Ayla Networks, Software AG and Infinite Uptime, among others.
- Headquarter Houston, United States
- Employees 110 as on 06 Apr, 2024
- Founders Krishnan Raman, Srikanth Muralidhara, Derick Jose
- Stage Minicorn
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Sectors
TechnologyIndustrial Goods & Manufacturing
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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 Flutura Business Solutions Private Limited
- Date of Incorporation 24 Feb, 2012
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$3.48 M (USD)76.12as on Mar 31, 2022
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Net Profit
$-345.46 K (USD)56.84as on Mar 31, 2022
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EBITDA
$-614.56 K (USD)45.28as on Mar 31, 2022
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Total Equity Funding
$9.62 M (USD)
in 3 rounds
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Latest Funding Round
$7.63 M (USD), Series A
Feb 03, 2017
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Investors
Accenture
& 10 more
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Employee Count
110
as on Apr 06, 2024
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Acquired by
Accenture
(Mar 20, 2023)
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Products & Services of Flutura
Flutura offers a comprehensive portfolio of products and services, including Industrial Intelligence Suite. 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.
Offers predictive analytics for optimizing industrial processes and decision-making.
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Software Development Team
394 people
Leadership Team
374 people
Senior Team
259 people
Sales and Marketing
80 people
Human Resources and Administration
72 people
Strategy Team
72 people
Product Management Team
56 people
Operations Team
47 people
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Funding Insights of Flutura
Flutura has successfully raised a total of $9.62M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $7.63 million completed in February 2017. 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 A — $7.6M
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First Round
First Round
(10 May 2012)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2017 | Amount | Series A - Flutura | Valuation | Vertex Ventures | |
| Oct, 2013 | Amount | Seed - Flutura | Valuation | The Hive |
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| May, 2012 | Amount | Angel Round - Flutura | Valuation | Krishnan Muthukumar |
| 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 Flutura
Flutura has secured backing from 11 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Accenture, Vertex Ventures SG and Lumis 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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Investment in alternative assets, businesses, and funds in India.
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Founded Year | Domain | Location | |
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Hive Data is engaged in co-creating AI-based startups.
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Founded Year | Domain | Location | |
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Venture capital fund focused on multiple sectors
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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 Flutura
| 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 - Flutura
| 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 |
Flutura Comparisons
Competitors of Flutura
Flutura 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 Particle, PTC, Ayla Networks, Software AG and Infinite Uptime, 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 |
IoT connectivity platform from prototype to production is developed.
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| domain | founded_year | HQ Location |
PTC is recognized as a global leader in product lifecycle management software.
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| domain | founded_year | HQ Location |
Provider of a platform for IoT and edge computing applications
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| domain | founded_year | HQ Location |
Provider of data integration, application modernization, and digital transformation solutions
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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 |
Real-time data analysis platform for industrial edge computing is 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 Flutura
Frequently Asked Questions about Flutura
When was Flutura founded?
Flutura was founded in 2012.
Where is Flutura located?
Flutura is headquartered in Houston, United States. It is registered at Houston, Texas, United States.
Who is the current CEO of Flutura?
Krishnan Raman is the current CEO of Flutura. They have also founded this company.
Is Flutura a funded company?
Flutura is a funded company, having raised a total of $9.62M across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $451.66K, raised on May 10, 2012.
How many employees does Flutura have?
As of Apr 06, 2024, the latest employee count at Flutura is 110.
What is the annual revenue of Flutura?
Annual revenue of Flutura is $3.48M as on Mar 31, 2022.
What does Flutura do?
Flutura was founded in 2012 and is based in Houston, United States. Operations focus on an IoT analytics platform where embedded machine data is extracted and analyzed. Tailored solutions are developed for various industries, incorporating real-time insights and risk mitigation features. The platform serves clients such as Deloitte and Reuters, with an Android application available on Google Play.
Who are the top competitors of Flutura?
Flutura's top competitors include Particle, Software AG and PTC.
What products or services does Flutura offer?
Flutura offers Industrial Intelligence Suite.
Who are Flutura's investors?
Flutura has 11 investors. Key investors include Accenture, Vertex Ventures SG, Lumis Partners, Narotam Sekhsaria Family Office, and Hive Data.
What is Flutura's valuation?
The valuation of Flutura is $23.65M as of Feb 2017.