About Maxbyte
Maxbyte is a company based in Abu Dhabi (United Arab Emirates) founded in 2016 by Devarajan Latha, Viswanathan Thiyagarajan, Mettupalayam Velumani Saravanakumar, and Ramshankar Coimbatore Somasundaram. Maxbyte has raised $6.78 million across 5 funding rounds from investors including e&, Yerravalli Sashipal Reddy and Akash Prakash. The company has 118 employees as of April 08, 2024. Maxbyte offers products and services including Digitalization Platform, Autonomous Robotics, Sustainability Services, and Training Programs. Maxbyte operates in a competitive market with competitors including AspenTech, Plex Systems, GreyOrange, Third Wave Automation and Agility Robotics, among others.
- Headquarter Abu Dhabi, United Arab Emirates
- Employees 118 as on 08 Apr, 2024
- Founders Devarajan Latha, Viswanathan Thiyagarajan, Mettupalayam Velumani Saravanakumar, Ramshankar Coimbatore Somasundaram
- Stage Minicorn
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Sectors
Industrial 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 Maxbyte Technologies Private Limited
- Date of Incorporation 14 Jan, 2016
- Jurisdiction Coimbatore, Tamil Nadu, India
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Annual Revenue
$1.04 M (USD)8.42as on Mar 31, 2023
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Net Profit
-$112.87 K (USD)-568.48as on Mar 31, 2023
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EBITDA
-$394.58 K (USD)-736.33as on Mar 31, 2023
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Total Equity Funding
$6.78 M (USD)
in 5 rounds
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Latest Funding Round
$5 M (USD), Series A
Aug 22, 2023
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Investors
e&
& 18 more
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Employee Count
118
as on Apr 08, 2024
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Products & Services of Maxbyte
Maxbyte offers a comprehensive portfolio of products and services, including Digitalization Platform, Autonomous Robotics, Sustainability Services, and Training Programs.
Platform for industrial digitalization using AI and edge devices.
Tools for efficient industrial automation and adaptive controls.
Programs for carbon footprint tracking and energy efficiency.
Courses on Industry 4.0 for career and enterprise upskilling.
People of Maxbyte
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Funding Insights of Maxbyte
Maxbyte has successfully raised a total of $6.78M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $5 million completed in August 2023. 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 Maxbyte
Maxbyte has secured backing from 19 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include e&, Yerravalli Sashipal Reddy and Akash Prakash.
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Venture capital fund focused on tech and healthcare startups
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It serves as a light theme.
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Engineering, science, humanities, and business courses are offered by CIET.
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Investor details for Maxbyte
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Investments & Acquisitions by Maxbyte
Investment portfolio details for Maxbyte
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Financial Statements - Maxbyte
Detailed financials for Maxbyte
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Maxbyte Comparisons
Peer comparison for Maxbyte
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Competitors of Maxbyte
Maxbyte 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 AspenTech, Plex Systems, GreyOrange, Third Wave Automation and Agility Robotics, among others.
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AI-based software for manufacturing process optimization is offered.
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Cloud-based manufacturing execution software solutions are provided by Plex Systems.
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AI and SaaS-based robots for warehouse automation are provided.
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AI and cloud-driven automation is delivered for warehouse material handling.
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Bipedal robots are developed for locomotion, navigation, and manipulation applications.
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Provider of a pick and place robot for e-commerce applications
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Detailed competitors of Maxbyte
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Latest news on Maxbyte
Complete news archive for Maxbyte
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Frequently Asked Questions about Maxbyte
Maxbyte was founded in 2016.
Maxbyte is headquartered in Abu Dhabi, United Arab Emirates. It is registered at Abu Dhabi, Abu Dhabi, United Arab Emirates.
Ramshankar Coimbatore Somasundaram is the current CEO of Maxbyte. They have also founded this company.
Maxbyte is a funded company, having raised a total of $6.78M across 5 funding rounds to date.
As of Apr 08, 2024, the latest employee count at Maxbyte is 118.
Annual revenue of Maxbyte is $1.04M as on Mar 31, 2023.
Provider of industrial digitalization robotics decarbonization solutions. The company delivers integrated technology services to transform manufacturing and industrial operations through robotics, edge analytics, IIoT integration, and AI tools. It supports digital engineering, smart factory deployment, predictive maintenance, and product lifecycle management within industrial environments. The platform incorporates advisory, software, and hardware components to optimize process efficiency, flexibility, and sustainable performance. Service offerings include technology selection, system integration, training, and remote monitoring to support industrial clients undergoing digital transformation.
Maxbyte's top competitors include GreyOrange, AspenTech and Third Wave Automation.
Maxbyte offers Digitalization Platform, Autonomous Robotics, Sustainability Services, and Training Programs.
Maxbyte has 19 investors. Key investors include e&, Yerravalli Sashipal Reddy, Akash Prakash, Dhiraj Ramakrishnan, and Akash Prakash.
The valuation of Maxbyte is $6.31M as of Sep 2020.