About Invention Labs
Invention Labs is a company based in Chennai (India) founded in 2007. Invention Labs has raised $1.55 million across 2 funding rounds from investors including Mumbai Angels, RTBI and Inventus Capital Partners. Invention Labs offers products and services including Avaz AAC, Avaz Reader, and Avaz FreeSpeech. Invention Labs operates in a competitive market with competitors including Change Dyslexia, DoBrain, Jellow, ShmoontzApps and AngelTalk, among others.
- Headquarter Chennai, India
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Sectors
HealthcareEducation
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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 Invention Labs Engineering Products Private Limited
- Date of Incorporation 31 Jul, 2007
- Jurisdiction Chennai, Tamil Nadu, India
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Annual Revenue
$317.2 K (USD)178.26as on Mar 31, 2022
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Net Profit
$34.27 K (USD)385.61as on Mar 31, 2022
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EBITDA
$54.85 K (USD)478.93as on Mar 31, 2022
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Total Equity Funding
$1.55 M (USD)
in 2 rounds
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Latest Funding Round
$1 M (USD), Series A
Jun 01, 2016
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Investors
Mumbai Angels
& 3 more
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Employee Count
Not available
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Products & Services of Invention Labs
Invention Labs offers a comprehensive portfolio of products and services, including Avaz AAC, Avaz Reader, and Avaz FreeSpeech.
Picture-based app for speech-impaired users to express needs.
App that aids reading and literacy for special needs individuals.
Tool for free expression through customizable communication options.
Funding Insights of Invention Labs
Invention Labs has successfully raised a total of $1.55M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $1 million completed in June 2016. 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.
Investors in Invention Labs
Invention Labs has secured backing from 4 investors, including venture fund and angel investors. Prominent investors backing the company include Mumbai Angels, RTBI and Inventus Capital Partners.
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Startups in rural technologies are incubated by government-backed RTBI.
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Early-stage investments are targeted by Inventus Capital Partners.
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Early-stage venture investments are facilitated by Mumbai Angels network.
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Investor details for Invention Labs
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Investments & Acquisitions by Invention Labs
Investment portfolio details for Invention Labs
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Financial Statements - Invention Labs
Detailed financials for Invention Labs
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Invention Labs Comparisons
Peer comparison for Invention Labs
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Competitors of Invention Labs
Invention Labs 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 Change Dyslexia, DoBrain, Jellow, ShmoontzApps and AngelTalk, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Scientifically validated tools for dyslexia detection and remediation are offered.
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Brain training platform for children is provided with gamified features.
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Augmentative and alternative communication solutions are provided for speech-impaired individuals.
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AAC app for communication via customizable image cards and voice recordings.
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A mobile app for alternative and augmentative communication support.
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Detailed competitors of Invention Labs
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Latest news on Invention Labs
Complete news archive for Invention Labs
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Frequently Asked Questions about Invention Labs
Invention Labs was founded in 2007 and raised its 1st funding round 7 years after it was founded.
Invention Labs is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Invention Labs is a funded company, having raised a total of $1.55M across 2 funding rounds to date.
Annual revenue of Invention Labs is $317.2K as on Mar 31, 2022.
Invention Labs is the developer of Avaz (mobiletablet app) launched by which helps people with cerebral palsy to communicate through pictures replacing words using the tablet. It enables companies with technology consulting and product development, particularly in the medical domain. It has created many products for its clients, including innovative blood glucose monitors, a non-invasive thermometer, and low-cost infant warmers.
Invention Labs's top competitors include Change Dyslexia, Jellow and DoBrain.
Invention Labs offers Avaz AAC, Avaz Reader, and Avaz FreeSpeech.
Invention Labs has 4 investors. Key investors include Mumbai Angels, RTBI, Inventus Capital Partners, and Rajan Anandan.