About Meridium
Meridium is a company based in Roanoke (United States) founded in 1993 was acquired by General Electric in September 2016. Meridium has raised $30 million across 3 funding rounds from investors including General Electric and National Science Foundation. The company has 890 employees as of March 30, 2024. Meridium offers products and services including Asset Performance Management, Proficy Historian, and SmartSignal. Meridium operates in a competitive market with competitors including MachineMetrics, MoBagel, Flutura, Adapdix and Bsquare, among others.
- Headquarter Roanoke, United States
- Employees 890 as on 30 Mar, 2024
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Sectors
Industrial Goods & Manufacturing
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Phone
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Website
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Social
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- Legal Name Meridium Services And Labs Private Limited
- Date of Incorporation 21 Dec, 2010
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$35.07 M (USD)54.33as on Mar 31, 2022
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Net Profit
$3.64 M (USD)49.5as on Mar 31, 2022
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EBITDA
$5.17 M (USD)50.48as on Mar 31, 2022
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Total Equity Funding
$30 M (USD)
in 3 rounds
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Latest Funding Round
$30 M (USD), Series A
Jul 29, 2014
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Investors
General Electric
& 1 more
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Employee Count
890
as on Mar 30, 2024
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Acquired by
General Electric
(Sep 14, 2016)
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Products & Services of Meridium
Meridium offers a comprehensive portfolio of products and services, including Asset Performance Management, Proficy Historian, and SmartSignal.
Manages industrial assets for reliability and cost reduction.
Handles data storage and analysis for industrial operations.
Predicts equipment failures to enhance operational efficiency.
Funding Insights of Meridium
Meridium has successfully raised a total of $30M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $30 million completed in July 2014. 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 Meridium
Meridium has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include General Electric and National Science Foundation.
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Diversified operations are conducted across multiple industries worldwide.
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A government-backed foundation providing seed-stage investments to support small businesses.
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Investor details for Meridium
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Investments & Acquisitions by Meridium
Investment portfolio details for Meridium
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Financial Statements - Meridium
Detailed financials for Meridium
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Meridium Comparisons
Peer comparison for Meridium
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Competitors of Meridium
Meridium 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 MachineMetrics, MoBagel, Flutura, Adapdix and Bsquare, among others.
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Machine data is monitored and visualized to enhance manufacturing efficiency.
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IoT analytics software is offered for device manufacturers and designers.
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End to end IoT platform for asset monitoring
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Asset monitoring software is provided for industrial equipment optimization.
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Device management stack for Industrial IoT applications is provided.
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Real-time asset monitoring is provided via a cloud-based AI platform.
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Detailed competitors of Meridium
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Latest news on Meridium
Complete news archive for Meridium
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Frequently Asked Questions about Meridium
Meridium was founded in 1993 and raised its 1st funding round 14 years after it was founded.
Meridium is headquartered in Roanoke, United States. It is registered at Roanoke, Virginia, United States.
Meridium is a funded company, having raised a total of $30M across 3 funding rounds to date.
As of Mar 30, 2024, the latest employee count at Meridium is 890.
Annual revenue of Meridium is $35.07M as on Mar 31, 2022.
Meridium provides asset performance management software for asset intensive industries to improve operational performance and drive insights into industrial assets for mitigating risks. The software capabilities are asset criticality analysis, Policy designer, metrics dashboards, administration and user configuration. It serves oil gas, metal mining, transport, power utilities, chemical and manufacturing industries. It serves over 1,200 licensed sites in more than in 80 countries globally in seven languages, some of the clients are braskem, dow, honeywell, dupont, SCG, exxonmobil etc.
Meridium's top competitors include MachineMetrics, MoBagel and Raven Telemetry.
Meridium offers Asset Performance Management, Proficy Historian, and SmartSignal.
Meridium has 2 investors. Key investors include General Electric, and National Science Foundation.