About Meridium
Meridium is an Industrial Goods & Manufacturing company based in Roanoke (United States) founded in 1993, and was acquired by General Electric in September 2016. Asset performance management software is provided for industrial sectors. Meridium has raised $30 million across 3 funding rounds from investors including General Electric and National Science Foundation. The company has 890 employees. Its Indian entity Meridium Services And Labs Private Limited reported revenue of ₹468 Cr. Meridium offers products and services including Asset Performance Management, Proficy Historian, and SmartSignal. Its focus areas include Enterprise Applications, Manufacturing Tech, Enterprise Asset Management and Maintenance Management. Its competitors include MoBagel, Flutura and Adapdix; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Roanoke, United States
- Employees 890
- Stage Acquired
- SectorsIndustrial Goods & Manufacturing
- Website meridium.com
- Social LinkedIn X Facebook Instagram
- Acquired by General Electric (Sep 2016)
- Legal Name Meridium Services And Labs Private Limited
- Date of Incorporation 21 Dec, 2010
- Jurisdiction Bangalore, Karnataka, India
- Indian entity revenue₹468 Cr
FY 2024 · +15% YoY
- Indian entity net profit₹50.18 Cr
FY 2024 · 11% margin
- Indian entity EBITDA₹70.31 Cr
FY 2024 · 15% margin
- Total Equity Funding$30M (USD)
in 3 rounds
- Latest Funding Round$30M (USD), Series A
Jul 2014
- InvestorsGeneral Electric
& 1 more
- Employee Count890
- Acquired byGeneral Electric
(Sep 2016)
Associated legal entities of Meridium
Meridium operates through Meridium Services And Labs Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Meridium Services And Labs Private Limited CIN U72900KA2010PTC056305 | Active | 21 Dec 2010 | Bangalore, Karnataka | ₹468 Cr | 890 | 2 | View details |
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.
- Total Funding $30M
- Total Rounds 3
- Last Round Series A — $30M
- First Round $150,000
(Nov 2007)
- Investors Count 2
All 3 funding rounds of Meridium 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 |
|---|---|---|---|---|---|
| Jul 2014 | $30M | Series A | – | General Electric | – |
| Jan 2008 | $150,000 | Grant | – | – | |
| Nov 2007 | $150,000 | Grant | – | – |
2 investors in total: 2 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Diversified operations are conducted across multiple industries worldwide. | 1892 | ge.com | United States | |
A government-backed foundation providing seed-stage investments to support small businesses. | 1950 | nsf.gov | Arlington, United States |
Investor details for Meridium
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- Round participation
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Board of directors of Meridium Services And Labs Private Limited (Meridium)
Meridium Services And Labs Private Limited is the primary company behind Meridium. The board of Meridium Services And Labs Private Limited currently have 2 directors; the longest-serving is Vinay Bhaskar Jammu, appointed in 2022. 13 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vinay Bhaskar Jammu DIN 09407671 | Whole-time director | 04 Feb 2022 | 4 yrs 9 mo | Meridium Services And Labs Private Limited |
| Narasimha Prasad Ananthaswamy DIN 11495076 | Additional Director | 22 Jan 2026 | 9 mo | Meridium Services And Labs Private Limited |
Financials of Meridium
Figures of Meridium Services And Labs Private Limited, the primary company behind Meridium, for FY 2024. Revenue was ₹468 Cr (+15% year on year). Net profit was ₹50.18 Cr (11% margin). EBITDA was ₹70.31 Cr (15% margin). Revenue has grown at a compounded annual rate of +36% over three years and +45% over five years.
- ₹468 CrRevenue · FY 2024 · +15% YoY
- ₹50.18 CrNet profit · 11% margin
- ₹70.31 CrEBITDA · 15% margin
- ₹2.1 LakhPaid-up capital
- 890Employees (provident fund records)
- +36%Revenue CAGR, 3 years
- +45%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Meridium Services And Labs Private Limited are on its company page.
Detailed financial statements for Meridium
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Meridium
4 dated milestones of Meridium across 23 years, from founding to its latest funding, stage changes and deals.
- Founded Meridium is founded.
- Funding First funding round of $150K.
- Funding Latest funding round, Series A, of $30.0M.
- Exit Acquired by General Electric.
Competitors of Meridium
Meridium has 3 listed competitors in our database, 3 of them funded. They include MoBagel, Flutura and Adapdix.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| mobagel.com | 2009 | Mountain View, United States | $5.16M | IoT analytics software is offered for device manufacturers and designers. | ||
| flutura.com | 2012 | Houston, United States | $9.62M | End to end IoT platform for asset monitoring | ||
| adapdix.com | 2014 | Pleasanton, United States | $8M | Asset monitoring software is provided for industrial equipment optimization. |
Detailed competitors of Meridium
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Web traffic of Meridium
Websites that share an audience with Meridium (meridium.com).
Websites whose visitors overlap most with Meridium. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| bentley.com | 100% | 1.2M | #38,816 | View details | |
www2.emersonprocess.com | www2.emersonprocess.com | 92% | – | ||
auditorium.de | auditorium.de | 86% | #175,225 | – | |
| meridianapps.com | 84% | 1.6K | #10,313,451 | View details | |
reliabilityweb.com | reliabilityweb.com | 55% | #1,258,156 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 7 similar websites and full traffic analytics for Meridium
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 7 similar websites
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- Traffic by brand
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Top companies in Manufacturing Tech Solutions
3 companies that operate in the same segment as Meridium (Manufacturing Tech Solutions) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based ERP software is offered for multiple industries. | 2002 | New York, New York, United States | USD 1.52 B | USD 3.17 B | 22,153 | |
Platform for on-demand distributed manufacturing and prototyping is provided. | 2013 | Gaithersburg, Maryland, United States | USD 200.44 M | USD 686.63 M | 1,090 | |
AI-based robotic arms are developed for industrial automation tasks. | 2010 | San Francisco, California, United States | USD 123.02 M |
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Related news about 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. The company's 1st funding round was a Grant of $150K, raised on Nov 2007.
Meridium has 890 employees.
The primary company behind Meridium, Meridium Services And Labs Private Limited, reported revenue of ₹468 Cr for FY 2024, up 15% year on year.
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 offers Asset Performance Management, Proficy Historian, and SmartSignal.
Meridium has 2 investors. Key investors include General Electric, and National Science Foundation.
Meridium operates through Meridium Services And Labs Private Limited.
Yes. Meridium was acquired by General Electric in September 2016.
The legal entities of Meridium currently have 2 directors, including Vinay Bhaskar Jammu, Narasimha Prasad Ananthaswamy.