About iRam Technologies
iRam Technologies is a company based in Bengaluru (India) founded in 2009 by Idris Vasi, Vishal Mehra, and UdayaBhaskar Rao Abburu.. iRam Technologies has raised $995.95 thousand across 4 funding rounds from investors including Inspira Enterprise, Chunduru Sambasiva Rao and Posani Suresh Kumar. The company has 21 employees as of March 25, 2024. iRam Technologies offers products and services including Smart Parking, Smart Street Lighting, Smart Poles, Smart Environmental Sensors, and Smart Meters. iRam Technologies operates in a competitive market with competitors including Itron, Parkhub, Arrive, FlashParking and Metropolis, among others.
- Headquarter Bengaluru, India
- Employees 21 as on 25 Mar, 2024
- Founders Idris Vasi, Vishal Mehra, UdayaBhaskar Rao Abburu
- Stage Minicorn
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Sectors
TechnologyTransportation, Automotive & Logistics
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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 Iram Technologies Private Limited
- Date of Incorporation 10 Feb, 2009
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$1.53 M (USD)138.76as on Mar 31, 2023
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Net Profit
$227.98 K (USD)175.49as on Mar 31, 2023
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EBITDA
$349.36 K (USD)222.65as on Mar 31, 2023
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Total Equity Funding
$995.95 K (USD)
in 4 rounds
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Latest Funding Round
$753.25 K (USD), Seed
Mar 31, 2018
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Investors
Inspira Enterprise
& 9 more
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Employee Count
21
as on Mar 25, 2024
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Products & Services of iRam Technologies
iRam Technologies offers a comprehensive portfolio of products and services, including Smart Parking, Smart Street Lighting, Smart Poles, Smart Environmental Sensors, and Smart Meters. 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.
System for optimizing parking spaces with digital payments and app integration.
Remote-controlled lights with motion detection for energy efficiency.
Multi-functional poles hosting sensors and connectivity for city applications.
Sensors that track pollution, temperature, and noise levels in real time.
Wireless meters for real-time consumption monitoring and prepaid features.
Funding Insights of iRam Technologies
iRam Technologies has successfully raised a total of $995.95K across 4 strategic funding rounds. The most recent funding activity was a Seed round of $753.25 thousand completed in March 2018. 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 4
- Last Round Seed — $753,253
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First Round
First Round
(14 Aug 2009)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2018 | Amount | Seed - iRam Technologies | Valuation | Inspira Enterprise |
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| Mar, 2018 | Amount | Angel Round - iRam Technologies | Valuation | Chunduru Sambasiva Rao |
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| Dec, 2012 | Amount | Angel Round - iRam Technologies | Valuation | Posani Suresh Kumar |
| 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 iRam Technologies
iRam Technologies has secured backing from 10 investors, including institutional and angel investors. Prominent investors backing the company include Inspira Enterprise, Chunduru Sambasiva Rao and Posani Suresh Kumar. 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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Cybersecurity data analytics and AI consulting services are provided.
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Founded Year | Domain | Location | |
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CS
Chunduru Sambasiva Rao |
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Founded Year | Domain | Location |
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PS
Posani Suresh Kumar |
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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 iRam Technologies
| 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 - iRam Technologies
| 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 |
Iram Technologies Comparisons
Competitors of iRam Technologies
iRam Technologies 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 Itron, Parkhub, Arrive, FlashParking and Metropolis, 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 |
Cloud-based end-to-end solutions for smart grids are provided.
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| domain | founded_year | HQ Location |
Provider of comprehensive parking management solutions
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| domain | founded_year | HQ Location |
Tech-enabled platform for parking and mobility management solutions is provided.
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| domain | founded_year | HQ Location |
Parking management systems are delivered via SaaS-enabled hardware and software.
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| domain | founded_year | HQ Location |
End-to-end parking management solutions are provided via an AI-enabled platform.
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| domain | founded_year | HQ Location |
REEF is focused on connecting goods and services to local neighborhoods through digital solutions.
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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 Iram Technologies
Frequently Asked Questions about iRam Technologies
When was iRam Technologies founded?
iRam Technologies was founded in 2009.
Where is iRam Technologies located?
iRam Technologies is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of iRam Technologies?
UdayaBhaskar Rao Abburu is the current CEO of iRam Technologies. They have also founded this company.
Is iRam Technologies a funded company?
iRam Technologies is a funded company, having raised a total of $995.95K across 4 funding rounds to date. The company's 1st funding round was a Angel Round of $150.51K, raised on Aug 14, 2009.
How many employees does iRam Technologies have?
As of Mar 25, 2024, the latest employee count at iRam Technologies is 21.
What is the annual revenue of iRam Technologies?
Annual revenue of iRam Technologies is $1.53M as on Mar 31, 2023.
What does iRam Technologies do?
iRam Technologies designs and builds technological solutions for applications in smart cities. Its offerings span across five areas of a smart city namely parking, street lighting, poles, and environmental monitoring. In addition, it offers Internet of Things enabled development services to enterprises operating in the telecommunication, retail, agriculture, and other sectors.
Who are the top competitors of iRam Technologies?
iRam Technologies's top competitors include Arrive, Parkhub and Metropolis.
What products or services does iRam Technologies offer?
iRam Technologies offers Smart Parking, Smart Street Lighting, Smart Poles, Smart Environmental Sensors, and Smart Meters.
Who are iRam Technologies's investors?
iRam Technologies has 10 investors. Key investors include Inspira Enterprise, Chunduru Sambasiva Rao, Posani Suresh Kumar, D Vekatappa Rao, and Dasaratham Kunapaneni.
What is iRam Technologies's valuation?
The valuation of iRam Technologies is $2.51M as of Mar 2018.