About indurad
indurad is a company based in Aachen (Germany) founded in 2007 was acquired by Hexagon in November 2024.. indurad has raised $4.5 million across 2 funding rounds from investors including Hexagon, European Union and Jolimont Global Mining Systems. indurad operates in a competitive market with competitors including AeroScout, MachineMax, Briston Technomach, FuelArk and Real Time Management, among others.
- Headquarter Aachen, Germany
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Sectors
Natural Resources
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Email
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Phone
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Website
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Social
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Funding Insights of indurad
indurad has successfully raised a total of $4.5M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $4.5 million completed in May 2019. 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 Series A — $4.5M
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First Round
First Round
(02 Jan 2016)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2019 | Amount | Series A - indurad | Valuation | Jolimont Global Mining Systems |
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| Jan, 2016 | Amount | Grant - indurad | 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 indurad
indurad has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Hexagon, European Union and Jolimont Global Mining Systems. 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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Provides private equity investments in metals, mining, and critical minerals globally.
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Founded Year | Domain | Location | |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location | |
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Hexagon is recognized for delivering advanced measurement and automation technologies.
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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 indurad
| 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 - indurad
| 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 |
Indurad Comparisons
Competitors of indurad
indurad 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 AeroScout, MachineMax, Briston Technomach, FuelArk and Real Time Management, 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.
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|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based real time location system, asset and fleet management solutions
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| domain | founded_year | HQ Location |
A cloud-based platform for managing industrial equipment is offered.
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IoT and M2M technologies for fuel management
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| domain | founded_year | HQ Location |
IoT-based fuel and asset management solutions are offered.
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| domain | founded_year | HQ Location |
Offers fleet management, vehicle tracking, and OHS solutions for corporate and mining sectors.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Indurad
Frequently Asked Questions about indurad
When was indurad founded?
indurad was founded in 2007 and raised its 1st funding round 9 years after it was founded.
Where is indurad located?
indurad is headquartered in Aachen, Germany. It is registered at Aachen, North Rhine-westphalia, Germany.
Is indurad a funded company?
indurad is a funded company, having raised a total of $4.5M across 2 funding rounds to date. The company's 1st funding round was a Grant of $406.86K, raised on Jan 02, 2016.
What does indurad do?
Indurad was founded in 2007 in Aachen, Germany, focusing on the mining and material handling sector. Software solutions are developed to automate operations through sensors and radar technology. Intelligent algorithms and tools are created, allowing processes to be optimized for efficiency. These offerings support industrial applications in resource extraction and logistics across Europe and beyond.
Who are the top competitors of indurad?
indurad's top competitors include AeroScout, MachineMax and iVolve.
Who are indurad's investors?
indurad has 3 investors. Key investors include Hexagon, European Union, and Jolimont Global Mining Systems.