About Idea Device
Idea Device is a Technology company based in Bengaluru (India) founded in 2009. IT and data center process automation solutions are provided. Idea Device has raised $4 million across 1 funding round from investors including Sequoia Capital. The company has 1 employees. Its Indian entity Idea Device Technologies Private Limited reported revenue of ₹2.5 Lakh. Its focus areas include Enterprise Infrastructure, IT Operations, ITOM and IT Automation.
Company details
Idea Device was founded in 2009 in Bengaluru, India. Automation solutions for IT and data center operations are delivered by the company within the technology sector. Manual processes in enterprises are automated, and operational errors in data centers are minimized. The platform is accessible via a subscription-based pricing model, supporting operations across various locations.
- Headquarters Bengaluru, India
- Employees 1
- SectorsTechnology
- Website ideadevice.com
- Social LinkedIn X
- Legal Name Idea Device Technologies Private Limited
- Date of Incorporation 04 Jun, 2009
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹2.5 Lakh
FY 2025 · -47% YoY
- Net Loss-₹11 Lakh
FY 2025 · -441% margin
- EBITDA-₹10.9 Lakh
FY 2025 · -439% margin
- Total Equity Funding$4M (USD)
in 1 rounds
- Latest Funding Round$4M (USD), Series A
Oct 2013
- Investors
- Employee Count1
Associated legal entities of Idea Device
Idea Device operates through Idea Device Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Idea Device Technologies Private Limited CIN U72200KA2009PTC050035 | Active | 04 Jun 2009 | Bangalore, Karnataka | ₹0.0 Cr | 3 | View details |
Funding Insights of Idea Device
Idea Device has successfully raised a total of $4M through 1 strategic funding round. The most recent funding activity was a Series A round of $4 million completed in October 2013. 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 $4M
- Total Rounds 1
- Last Round Series A — $4M
- First Round $4M
(Oct 2013)
- Investors Count 1
All 1 funding rounds of Idea Device 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 |
|---|---|---|---|---|---|
| Oct 2013 | $4M | Series A | – | – |
1 investors in total: 1 institutional.
Investors in Idea Device
Idea Device has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Sequoia Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Sequoia Capital is engaged in venture capital investments. | 1972 | sequoiacap.com |
Investor details for Idea Device
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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Board of directors of Idea Device Technologies Private Limited (Idea Device)
Idea Device Technologies Private Limited is the primary company behind Idea Device. The board of Idea Device Technologies Private Limited currently have 3 directors; the longest-serving is Raymond Hum, appointed in 2022. 13 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Raymond Hum DIN 09687068 | Director | 22 Aug 2022 | 4 yrs 2 mo | Idea Device Technologies Private Limited |
| Mahesh Sankaran DIN 09832283 | Director | 04 Jan 2023 | 3 yrs 10 mo | Idea Device Technologies Private Limited |
| Mahesha Nanjundaiah DIN 09177777 | Director | 27 Mar 2025 | 1 yr 7 mo | Idea Device Technologies Private Limited |
Financials of Idea Device
Figures of Idea Device Technologies Private Limited, the primary company behind Idea Device, for FY 2025. Revenue was ₹2.5 Lakh (-47% year on year). Net loss was -₹11 Lakh (-441% margin). EBITDA was -₹10.9 Lakh (-439% margin). Revenue has grown at a compounded annual rate of -48% over three years and -44% over five years.
- ₹2.5 LakhRevenue · FY 2025 · -47% YoY
- -₹11 LakhNet loss · -441% margin
- -₹10.9 LakhEBITDA · -439% margin
- ₹2.15 CrPaid-up capital
- -48%Revenue CAGR, 3 years
- -44%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Idea Device Technologies Private Limited are on its company page.
Detailed financial statements for Idea Device
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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Timeline of Idea Device
2 dated milestones of Idea Device across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Idea Device is founded.
- Funding First funding round of $4.0M.
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Frequently Asked Questions about Idea Device
Idea Device was founded in 2009 and raised its 1st funding round 4 years after it was founded.
Idea Device is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Idea Device is a funded company, having raised a total of $4M across 1 funding round to date. The company's 1st funding round was a Series A of $4M, raised on Oct 2013.
Idea Device has 1 employees.
The primary company behind Idea Device, Idea Device Technologies Private Limited, reported revenue of ₹2.5 Lakh for FY 2025, down 47% year on year.
Idea Device was founded in 2009 in Bengaluru, India. Automation solutions for IT and data center operations are delivered by the company within the technology sector. Manual processes in enterprises are automated, and operational errors in data centers are minimized. The platform is accessible via a subscription-based pricing model, supporting operations across various locations.
Idea Device has 1 investor. Key investors include Sequoia Capital.
Idea Device operates through Idea Device Technologies Private Limited.
The legal entities of Idea Device currently have 3 directors, including Mahesha Nanjundaiah, Raymond Hum, Mahesh Sankaran.