About Machfu
Machfu is a company based in Rockville (United States) founded in 2015 was acquired by New Asia Holdings in December 2023.. Machfu has raised $7.06 million across 9 funding rounds from investors including Plug and Play Tech Center, DOE and Texas Ventures. The company has 14 employees as of December 31, 2022. Machfu offers products and services including Edge to Enterprise Devices, Remote Monitoring System, Methane Monitoring, and Condition Monitoring. Machfu operates in a competitive market with competitors including Kerlink, MaintainX, LORIOT.io, Link Labs and AMI Global, among others.
- Headquarter Rockville, United States
- Employees 14 as on 31 Dec, 2022
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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
*********
- Legal Name Machfu Company
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Annual Revenue
$00as on Jan 19, 2017
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Net Profit
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EBITDA
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Total Equity Funding
$7.06 M (USD)
in 9 rounds
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Latest Funding Round
$350 K (USD), Series A
Apr 20, 2021
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Investors
Plug and Play Tech Center
& 8 more
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Employee Count
14
as on Dec 31, 2022
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Acquired by
New Asia Holdings
(Dec 12, 2023)
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Products & Services of Machfu
Machfu offers a comprehensive portfolio of products and services, including Edge to Enterprise Devices, Remote Monitoring System, Methane Monitoring, and Condition Monitoring. 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.
Devices for secure industrial asset connectivity and monitoring.
System for real-time data visibility and operational decisions.
Tools for detecting and managing methane leaks in energy operations.
Services for predictive maintenance and performance optimization.
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Funding Insights of Machfu
Machfu has successfully raised a total of $7.06M across 9 strategic funding rounds. The most recent funding activity was a Series A round of $350 thousand completed in April 2021. 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 9
- Last Round Series A — $350,000
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First Round
First Round
(22 Feb 2016)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2021 | Amount | Series A - Machfu | Valuation |
investors |
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| Dec, 2019 | Amount | Series A - Machfu | Valuation | CSL Capital Management | |
| Oct, 2018 | Amount | Seed - Machfu | Valuation |
investors |
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| 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 Machfu
Machfu has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Plug and Play Tech Center, DOE and Texas Ventures. 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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Venture capital firm focused on tech companies
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Founded Year | Domain | Location | |
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VC firm investing in the US
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Founded Year | Domain | Location | |
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Early stage venture investments are managed by Texas HALO Fund.
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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 Machfu
| 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 - Machfu
| 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 |
Machfu Comparisons
Competitors of Machfu
Machfu 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 Kerlink, MaintainX, LORIOT.io, Link Labs and AMI Global, 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 |
M2M communication equipment is supplied for object connectivity.
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| domain | founded_year | HQ Location |
Work orders and procedures are digitized through mobile-first software.
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| domain | founded_year | HQ Location |
Cloud-based gateways and servers for IoT are provided.
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| domain | founded_year | HQ Location |
Base stations for low-power IoT networking are manufactured.
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| domain | founded_year | HQ Location |
Turnkey IoT solutions are supplied for industrial systems and manufacturers.
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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 Machfu
Frequently Asked Questions about Machfu
When was Machfu founded?
Machfu was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Machfu located?
Machfu is headquartered in Rockville, United States. It is registered at Rockville, Maryland, United States.
Is Machfu a funded company?
Machfu is a funded company, having raised a total of $7.06M across 9 funding rounds to date. The company's 1st funding round was a Seed of $451.5K, raised on Feb 22, 2016.
How many employees does Machfu have?
As of Dec 31, 2022, the latest employee count at Machfu is 14.
What does Machfu do?
Machfu provides IIoT gateways and platform solutions. It offers an IoT gateway for aggregating sensor data from manufacturing plants through its product MachGateway. This edge application enables businesses capture data on a cloud through IoT devices like sensors others. It offers an industrial IoT platform that enables analysis and visualization capabilities on mobile and tablets. This helps in providing the workforce with information regarding field assets.
Who are the top competitors of Machfu?
What products or services does Machfu offer?
Machfu offers Edge to Enterprise Devices, Remote Monitoring System, Methane Monitoring, and Condition Monitoring.
Who are Machfu's investors?
Machfu has 9 investors. Key investors include Plug and Play Tech Center, DOE, Texas Ventures, TEDCO, and Blu Venture Investors.