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
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- Legal Name Machfu Company
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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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.
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.
People of Machfu
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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.
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.
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Early stage venture investments are managed by Texas HALO Fund.
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Investor details for Machfu
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Investments & Acquisitions by Machfu
Investment portfolio details for Machfu
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Financial Statements - Machfu
Detailed financials for Machfu
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Machfu Comparisons
Peer comparison for Machfu
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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.
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M2M communication equipment is supplied for object connectivity.
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Work orders and procedures are digitized through mobile-first software.
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Cloud-based gateways and servers for IoT are provided.
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Base stations for low-power IoT networking are manufactured.
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Turnkey IoT solutions are supplied for industrial systems and manufacturers.
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Detailed competitors of Machfu
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Latest news on Machfu
Complete news archive for Machfu
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Frequently Asked Questions about Machfu
Machfu was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Machfu is headquartered in Rockville, United States. It is registered at Rockville, Maryland, United States.
Machfu is a funded company, having raised a total of $7.06M across 9 funding rounds to date.
As of Dec 31, 2022, the latest employee count at Machfu is 14.
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.
Machfu offers Edge to Enterprise Devices, Remote Monitoring System, Methane Monitoring, and Condition Monitoring.
Machfu has 9 investors. Key investors include Plug and Play Tech Center, DOE, Texas Ventures, TEDCO, and Blu Venture Investors.