About Mate Labs
Mate Labs is a Technology company based in Bengaluru (India). Mate Labs is recognized as a last-mile analytics company focused on AI solutions for enterprises. It operates on a AI-as-a-Service model. Mate Labs has raised $570.21 thousand across 6 funding rounds from investors including Startup Karnataka, Khattar Group Companies and Omphalos Ventures. The company has 5 employees. Mate Labs was last valued at $2.93 million in September 2018. Its Indian entity Matelabs Innovations Private Limited reported revenue of ₹7.33 Cr. Mate Labs offers products and services including Demand Forecasting, Sales Attribution, Network Optimisation, Sales Operation Optimisation, and Anomaly Detection. Its focus areas include Artificial Intelligence and Machine Learning Solutions.
Company details
Mate Labs is established as a last-mile analytics company specializing in artificial intelligence solutions for enterprises. The company is engaged in providing automated, end-to-end AI-driven analytics tools. Solutions offered include demand forecasting, sales attribution, network optimization, sales operation optimization, and anomaly detection for emission systems. These services are deployed across various sectors to enhance operational efficiency and accuracy. Personalized solutions are made available in under four weeks, ensuring rapid adoption of AI technologies for businesses.
- Headquarters Bengaluru, India
- Employees 5
- Stage Minicorn
- SectorsTechnology
- Website matelabs.ai
- Social X Facebook
- Legal Name Matelabs Innovations Private Limited
- Date of Incorporation 30 Jun, 2016
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹7.33 Cr
FY 2023 · -14% YoY
- Net Loss-₹65.3 Lakh
FY 2023 · -9% margin
- EBITDA-₹63.4 Lakh
FY 2023 · -9% margin
- Total Equity Funding$570.21K (USD)
in 6 rounds
- InvestorsStartup Karnataka
& 20 more
- Employee Count5
Associated legal entities of Mate Labs
Mate Labs operates through Matelabs Innovations Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Matelabs Innovations Private Limited CIN U74999KA2016PTC094594 | Active | 30 Jun 2016 | Bangalore, Karnataka | ₹7.3 Cr | 5 | 2 | View details |
Products & Services of Mate Labs
Mate Labs offers a comprehensive portfolio of products and services, including Demand Forecasting, Sales Attribution, Network Optimisation, Sales Operation Optimisation, and Anomaly Detection.
Demand forecasting solutions are provided at lowest granularity.
Sales attribution solutions are offered with high accuracy.
Network optimisation solutions are delivered for operational efficiency.
Sales operation solutions are provided for better conversion.
Anomaly detection solutions are offered for emission systems.
Funding Insights of Mate Labs
Mate Labs has successfully raised a total of $570.21K across 6 strategic funding rounds. 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 $570,207
- Total Rounds 6
- Investors Count 21
All 6 funding rounds of Mate Labs 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 |
|---|---|---|---|---|---|
| Aug 2019 | Grant | – | – | ||
| Sep 2018 | $550,000 | Seed | $2.93M | Khattar Group Companies | |
| Dec 2017 | Angel Round | $1.04M | Sachin Unni, Sachin Unni | – | |
| Mar 2017 | $20,207 | Seed | $••••• | – | – |
| Nov 2016 | Seed | – | brandincubator.com | – | |
| Nov 2016 | Seed | $••••• | Zeroth Ai | – |
| Date | Valuation | Stage |
|---|---|---|
| Sep 2018 | $2.93M | •••••••• |
| Dec 2017 | $1.04M | •••••••• |
Last known valuation $2.93M (Sep 2018). 21 investors in total: 8 institutional and 13 angel.
Investors in Mate Labs
Mate Labs has secured backing from 21 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Startup Karnataka, Khattar Group Companies and Omphalos Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage investments are made by Omphalos Ventures in US firms. | omphalosventures.net | Shakopee, United States | ||
Tech-focused VC firm investing primarily in Netherlands | 33investments.com | The Hague, Netherlands | ||
AI and machine learning startups are accelerated by Zeroth.ai. | zeroth.ai | Hong Kong, China | ||
Support for startups in Karnataka is delivered through policies, funding, and networking services. | 2004 | missionstartupkarnataka.org | Bengaluru, India | |
Offers expert consulting for customer onboarding, enablement, and retention strategies. | 2016 | donnaweber.com | Marina, United States | |
Offers housing counseling, financial assistance, and foreclosure prevention services nationwide. | 2010 | springboardsolutions.org | Riverside, United States | |
Manufacturing of brass components and trading of crucibles and raw materials in India. | khattar.co.in | Jamnagar, India | ||
KA Kailash Ambwani | unknown_37aa2fb0c4784497b | |||
ST Surendra Timblo | unknown_73e5e2ee9d15413d8 | |||
MP Maxim Prakash D'souza | unknown_b8aea87ef2ad4256b |
Investor details for Mate Labs
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.
Board of directors of Matelabs Innovations Private Limited (Mate Labs)
Matelabs Innovations Private Limited is the primary company behind Mate Labs. The board of Matelabs Innovations Private Limited currently have 2 directors; the longest-serving is Rahul Vishwakarma, appointed in 2016.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rahul Vishwakarma DIN 07547828 | Managing Director | 30 Jun 2016 | 10 yrs 3 mo | Matelabs Innovations Private Limited |
| Kailash Kishore Ahirwar DIN 07549329 | Director | 30 Jun 2016 | 10 yrs 3 mo | Matelabs Innovations Private Limited |
Financials of Mate Labs
Figures of Matelabs Innovations Private Limited, the primary company behind Mate Labs, for FY 2023. Revenue was ₹7.33 Cr (-14% year on year). Net loss was -₹65.3 Lakh (-9% margin). EBITDA was -₹63.4 Lakh (-9% margin). Revenue has grown at a compounded annual rate of +50% over three years and +274% over five years.
- ₹7.33 CrRevenue · FY 2023 · -14% YoY
- -₹65.3 LakhNet loss · -9% margin
- -₹63.4 LakhEBITDA · -9% margin
- ₹3.4 LakhPaid-up capital
- 5Employees (provident fund records)
- +50%Revenue CAGR, 3 years
- +274%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Matelabs Innovations Private Limited are on its company page.
Detailed financial statements for Mate Labs
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Mate Labs
3 dated milestones of Mate Labs across 3 years, from founding to its latest funding, stage changes and deals.
- Funding First funding round.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Grant,.
Top companies in AI in Software Development
3 companies that operate in the same segment as Mate Labs (AI in Software Development) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
AI startup acceleration and networking services are offered globally. | 2017 | Bengaluru, Karnataka, India | ||||
Offers IT consulting, software development, cloud services, and security solutions. | 2001 | Gurugram, Haryana, India | USD 25.43 M | 786 | ||
Deep-tech venture capital investments in early-stage companies. | 2016 | Bengaluru, Karnataka, India |
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 Mate Labs
Complete news archive for Mate Labs
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 Mate Labs
Mate Labs is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Mate Labs is a funded company, having raised a total of $570.21K across 6 funding rounds to date.
Mate Labs has 5 employees.
The primary company behind Mate Labs, Matelabs Innovations Private Limited, reported revenue of ₹7.33 Cr for FY 2023, down 14% year on year.
Mate Labs is established as a last-mile analytics company specializing in artificial intelligence solutions for enterprises. The company is engaged in providing automated, end-to-end AI-driven analytics tools. Solutions offered include demand forecasting, sales attribution, network optimization, sales operation optimization, and anomaly detection for emission systems. These services are deployed across various sectors to enhance operational efficiency and accuracy. Personalized solutions are made available in under four weeks, ensuring rapid adoption of AI technologies for businesses.
Mate Labs offers Demand Forecasting, Sales Attribution, Network Optimisation, Sales Operation Optimisation, and Anomaly Detection.
Mate Labs has 21 investors. Key investors include Startup Karnataka, Khattar Group Companies, Omphalos Ventures, 33 Investments, and Kailash Ambwani.
The valuation of Mate Labs is $2.93M as of Sep 2018.
Mate Labs operates through Matelabs Innovations Private Limited.
The legal entities of Mate Labs currently have 2 directors, including Rahul Vishwakarma, Kailash Kishore Ahirwar.