About Machfu
Machfu is a Technology company based in Rockville (United States) founded in 2015, and was acquired by New Asia Holdings in December 2023. IIoT gateways and platform solutions are provided for industrial applications. It operates in the Technology and Industrial Goods & Manufacturing sectors. 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. Machfu offers products and services including Edge to Enterprise Devices, Remote Monitoring System, Methane Monitoring, and Condition Monitoring. Its focus areas include Enterprise Applications, Manufacturing Tech, Enterprise Asset Management and Maintenance Management. Its legal entity is Machfu Company. Its competitors include MaintainX, Link Labs and AMI Global; 2 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Rockville, United States
- Employees 14
- Stage Acquired
- SectorsTechnologyIndustrial Goods & Manufacturing
- Email••••••••
- Phone•••• ••••
- Website machfu.com
- Social LinkedIn X
- Acquired by New Asia Holdings (Dec 2023)
- Legal Name Machfu Company
- Total Equity Funding$7.06M (USD)
in 9 rounds
- Latest Funding Round$350K (USD), Series A
Apr 2021
- InvestorsPlug and Play Tech Center
& 8 more
- Employee Count14
- Acquired byNew Asia Holdings
(Dec 2023)
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.
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 $7.06M
- Total Rounds 9
- Last Round Series A — $350,000
- First Round $1.15M
(Feb 2016)
- Investors Count 8
All 9 funding rounds of Machfu with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2021 | $350,000 | Series A | – | – | – |
| Dec 2019 | $3.75M | Series A | – | CSL Capital Management | |
| Oct 2018 | $451,500 | Seed | – | – | – |
| Jun 2018 | Seed | – | Plug and Play Tech Center | – | |
| Aug 2017 | $1.6M | Seed | – | Blu Venture Investors | – |
| Aug 2017 | $906,266 | Seed | – | Blu Venture Investors | |
| Jul 2016 | $149,950 | Grant | – | – | |
| Jun 2016 | $2.14M | Grant | – | – | |
| Feb 2016 | $1.15M | Grant | – | – |
9 investors in total: 9 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on tech companies | bluventureinvestors.com | Vienna, United States | ||
VC firm investing in the US | 2000 | texasventures.com | Dallas, United States | |
Early stage venture investments are managed by Texas HALO Fund. | texashalofund.com | Houston, United States | ||
Capital is managed to support innovators in building companies. | cslenergy.com | Houston, United States | ||
Startups are accelerated and invested in across multiple tech sectors. | 2006 | plugandplaytechcenter.com | Sunnyvale, United States | |
Venture capital fund and startup accelerator programs focused on seed and early stage companies | 1998 | tedcomd.com | Columbia, United States | |
Growth-oriented companies are invested in by the private equity firm. | newasiainc.com | Singapore, Singapore | ||
Energy sources and policies are managed by the DOE. | 1977 | energy.gov | ||
Scientific and technical information is managed and disseminated by OSTI.GOV. | osti.gov | Oak Ridge, United States |
Investor details for Machfu
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Machfu
8 people are tracked at Machfu (4 in leadership, 1 in board & advisors, 3 in team); the tracked headcount is 14.
| Name | Role | Group |
|---|---|---|
Chinmay Shete | VP, Engineering | Leadership |
Jai Dialani | Director of Products | Leadership |
Prakash Chakravarthi | CEO | Leadership |
Tim Winter | Chief Technology Officer | Leadership |
Abhinav Jain | Venture Investor and Board Director | Board & advisors |
Ajinkya Wakhale | Principal Software Engineer | Team |
Bharath Jegannathan | Senior Field Application Engineer | Team |
Tzeta Tsao | Systems Engineer | Team |
Complete people profiles for Machfu
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Machfu
4 dated milestones of Machfu across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Machfu is founded.
- Funding First funding round of $1.1M.
- Funding Latest funding round, Series A, of $350K.
- Exit Acquired by New Asia Holdings.
Competitors of Machfu
Machfu has 3 listed competitors in our database, 2 of them funded. They include MaintainX, Link Labs and AMI Global.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| getmaintainx.com | 2018 | San Francisco, United States | $254M | Work orders and procedures are digitized through mobile-first software. | ||
| link-labs.com | 2013 | Annapolis, United States | $19.77M | 55 | Base stations for low-power IoT networking are manufactured. | |
| amiglobal.com | 2009 | Las Vegas, United States | Turnkey IoT solutions are supplied for industrial systems and manufacturers. |
Detailed competitors of Machfu
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Industrial IoT & Smart Manufacturing
3 companies that operate in the same segment as Machfu (Industrial IoT & Smart Manufacturing) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
AI-powered cloud-based vehicle tracking solutions are offered for fleet owners. | 2015 | San Francisco, California, United States | USD 915 M | USD 1.62 B | 5,792 | |
Cloud-based smart security cameras are manufactured for home use. | 1999 | Provo, Utah, United States | USD 172 M | USD 341.04 M | 11,275 | |
Cloud-based network infrastructure for IoT applications is provided. | 2004 | Boise, Idaho, United States | USD 154.85 M | USD 8.52 M | 165 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Machfu
Complete news archive for Machfu
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
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. The company's 1st funding round was a Grant of $1.15M, raised on Feb 2016.
Machfu has 14 employees.
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's top competitors include MaintainX, Link Labs and AMI Global.
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.
Machfu operates through Machfu Company.
Yes. Machfu was acquired by New Asia Holdings in December 2023.