About Ongil
Ongil is a Technology company based in Brussels (Belgium) founded in 2017 by Ajith Sahasranamam. It operates as a custom AI solutions are developed for various industry challenges by Ongil. It operates on a AI-as-a-Service and Professional Services model. Ongil has raised $113.28 thousand across 2 funding rounds from investors including Lakshmi Narayanan, Balakrishna Badinedi and Lakshmi Narayanan. Ongil was last valued at $798.18 thousand in April 2019. Its chief executive is Ajith Sahasranamam. Its Indian entity Ongil Private Limited reported revenue of ₹65.7 Lakh. Ongil offers products and services including Wealth Advisory Intelligence, Emissions Intelligence, Supply Chain Intelligence, and AI-Powered Proposal Assistant. Its focus areas include Artificial Intelligence, AI Solutions, Financial Services and Wealth Management. Its competitors include airSlate, Loopio, Indico Data, Rossum and SurveySparrow and 4 more; 9 of its 9 listed competitors have raised funding.
Company details
AI solutions are crafted by Ongil to address specific industry challenges across sectors like financial services, manufacturing, consumer goods, and sustainability. Domain-optimized components are utilized to accelerate development, enabling businesses to deploy production-ready AI systems swiftly. Specialized AI cells are leveraged to create scalable and maintainable systems for enterprise environments. Services include wealth advisory intelligence, emissions tracking, supply chain optimization, and personalized learning experiences. Tailored solutions are provided for Fortune-500 companies, ensuring market leadership through innovative technology.
- Headquarters Brussels, Belgium
- Founders Ajith Sahasranamam
- SectorsTechnology
- Email••••••••
- Website ongil.ai
- Social LinkedIn Instagram YouTube
- Legal Name Ongil Private Limited
- Date of Incorporation 20 Sep, 2016
- Jurisdiction Alagapuram, Tamil Nadu, India
- Annual Revenue₹65.7 Lakh
FY 2022 · +252% YoY
- Net Loss-₹1.08 Cr
FY 2022 · -164% margin
- EBITDA-₹1.06 Cr
FY 2022 · -162% margin
- Total Equity Funding$113.28K (USD)
in 2 rounds
- Latest Funding Round$75.91K (USD), Angel Round
Apr 2019
Associated legal entities of Ongil
Ongil operates through Ongil Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ongil Private Limited CIN U72900TZ2016PTC028014 | Active | 20 Sep 2016 | Alagapuram, Tamil Nadu | ₹0.7 Cr | – | 2 | View details |
Products & Services of Ongil
Ongil offers a comprehensive portfolio of products and services, including Wealth Advisory Intelligence, Emissions Intelligence, Supply Chain Intelligence, and AI-Powered Proposal Assistant.
Personalized portfolio optimization and risk management are provided.
End-to-end emissions estimation and optimization are delivered efficiently.
Inventory and logistics optimization are achieved through analytics.
Customized proposals are created efficiently with AI assistance.
Funding Insights of Ongil
Ongil has successfully raised a total of $113.28K across 2 strategic funding rounds. The most recent funding activity was a Angel Round of $75.91 thousand completed in April 2019. 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 $113,276
- Total Rounds 2
- Last Round Angel Round — $75,908
- First Round $37,368
(Jul 2017)
- Investors Count 7
All 2 funding rounds of Ongil 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 2019 | $75,908 | Angel Round | $798,178 | Lakshmi Narayanan, Lakshmi Narayanan | |
| Jul 2017 | $37,368 | Angel Round | $623,983 | Kumar Venkatraman |
Last known valuation $798,178 (Apr 2019). 7 investors in total: 0 institutional and 7 angel.
Investors in Ongil
Ongil has secured backing from 7 investors, including angel investors. Prominent investors backing the company include Lakshmi Narayanan, Balakrishna Badinedi and Lakshmi Narayanan.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
LN Lakshmi Narayanan | - | – | unknown_ac39101097ad41858 | - |
BB Balakrishna Badinedi | - | – | unknown_b26191a86d2940bc9 | - |
LN Lakshmi Narayanan | Angel investor, ex-CEO of Cognizant, focused on tech and innovation | – | unknown_a356e87c6e6c4c008 | - |
KV Kumar Venkatraman | - | – | unknown_ab2fc871640b4b748 | - |
MV M V Krishnan | - | – | unknown_94c93bd0ce444fe2a | - |
KG K G Mohan | - | – | unknown_c53a7db5eae146a9a | - |
RB Ravinder Banyal | - | – | unknown_63a014d09eb743949 | - |
Investor details for Ongil
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 Ongil Private Limited (Ongil)
Ongil Private Limited is the primary company behind Ongil. The board of Ongil Private Limited currently have 2 directors; the longest-serving is Ajith Sahasranamam, appointed in 2016.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ajith Sahasranamam DIN 07600029 | Director | 20 Sep 2016 | 10 yrs 1 mo | Ongil Private Limited |
| Sahasranamam Padmanabhan DIN 02022629 | Director | 20 Sep 2016 | 10 yrs 1 mo | Ongil Private Limited |
People of Ongil
1 people are tracked at Ongil (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Founder & CEO | Leadership |
Complete people profiles for Ongil
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.
Financials of Ongil
Figures of Ongil Private Limited, the primary company behind Ongil, for FY 2022. Revenue was ₹65.7 Lakh (+252% year on year). Net loss was -₹1.08 Cr (-164% margin). EBITDA was -₹1.06 Cr (-162% margin). Revenue has grown at a compounded annual rate of +92% over three years.
- ₹65.7 LakhRevenue · FY 2022 · +252% YoY
- -₹1.08 CrNet loss · -164% margin
- -₹1.06 CrEBITDA · -162% margin
- ₹1.3 LakhPaid-up capital
- +92%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Ongil Private Limited are on its company page.
Detailed financial statements for Ongil
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 Ongil
3 dated milestones of Ongil across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Ongil is founded.
- Funding First funding round of $37K.
- Funding Latest funding round, Angel Round, of $76K.
Competitors of Ongil
Ongil has 9 listed competitors in our database, 9 of them funded. They include airSlate, Loopio, Indico Data, Rossum and SurveySparrow, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| airslate.com | 2006 | Brookline, United States | $185.3M | 41 | Provider of no code business automation solutions | |
| loopio.com | 2014 | Toronto, Canada | $209M | – | AI-powered RFP and contract management tools are offered for enterprises. | |
| indicodata.ai | 2014 | Boston, United States | $73.22M | 72 | Data processing tasks are automated via AI-driven management solutions. | |
| rossum.ai | 2017 | London, United Kingdom | $104.5M | – | Documents are processed and digitized via AI-based platform. | |
| surveysparrow.com | 2017 | Palo Alto, United States | $1.43M | 325 | Cloud-based platform for surveys and customer feedback management is offered. | |
| kyndi.com | 2014 | San Mateo, United States | $44.25M | – | AI and process automation software is provided for regulated industries. | |
| natif.ai | 2019 | Saarbrucken, Germany | $5.44M | – | Document processing is automated via AI classification and validation. | |
| taiger.com | 2009 | Singapore | $30.87M | – | Developer of hybrid AI platform for document classification and data extraction | |
| cinnamon.ai | 2012 | Minato, Japan | $35.92M | – | AI document reader is developed for intelligent data extraction workflows. |
Detailed competitors of Ongil
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 Robotic Automation Systems
10 companies that operate in the same segment as Ongil (Robotic Automation Systems), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based low-code platform enables application development and automation. | 1999 | Reston, Virginia, United States | USD 47.5 M | USD 726.94 M | 2,029 | |
Accounts payable and payment automation solutions are offered for businesses. | 2000 | Charlotte, North Carolina, United States | USD 1.18 B | USD 438.94 M | 1,666 | |
AI-powered software for contract drafting and management is provided. | 2017 | India | USD 112.95 M | USD 2.43 M | 162 | |
Cloud-based customer experience management software is offered by NICE. | 1986 | Hoboken, New Jersey, United States | USD 39.11 M | USD 3.19 B | 8,730 | |
AI-powered customer experience automation solutions are provided by Verint. | 1994 | Melville, New York, United States | – | USD 909.19 M | 3,800 | |
Cloud-based robotic process automation software is developed and provided. | 2005 | Bucharest, Romania | USD 1.96 B | USD 1.61 B | 3,868 | |
Contract lifecycle management is facilitated via a cloud-based platform. | 2006 | Broomfield, Colorado, United States | USD 140.09 M | – | – | |
Records are digitized and managed through automation and software solutions. | 2014 | Hayward, California, United States | USD 136.5 M | – | – | |
Provider of an end-to-end AI agent builder platform | 2012 | San Francisco, California, United States | USD 368.56 M | – | 682 | |
Document processing is automated through AI-based robotic platforms. | 2013 | New York, New York, United States | USD 438.88 M | – | 153 |
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Frequently Asked Questions about Ongil
Ongil was founded in 2017.
Ongil is headquartered in Brussels, Belgium. It is registered at Brussels, Brussels-capital Region, Belgium.
Ajith Sahasranamam is the current CEO of Ongil. They have also founded this company.
Ongil is a funded company, having raised a total of $113.28K across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $37.37K, raised on Jul 2017.
The primary company behind Ongil, Ongil Private Limited, reported revenue of ₹65.7 Lakh for FY 2022, up 252% year on year.
AI solutions are crafted by Ongil to address specific industry challenges across sectors like financial services, manufacturing, consumer goods, and sustainability. Domain-optimized components are utilized to accelerate development, enabling businesses to deploy production-ready AI systems swiftly. Specialized AI cells are leveraged to create scalable and maintainable systems for enterprise environments. Services include wealth advisory intelligence, emissions tracking, supply chain optimization, and personalized learning experiences. Tailored solutions are provided for Fortune-500 companies, ensuring market leadership through innovative technology.
Ongil's top competitors include Indico Data, airSlate and Rossum.
Ongil offers Wealth Advisory Intelligence, Emissions Intelligence, Supply Chain Intelligence, and AI-Powered Proposal Assistant.
Ongil has 7 investors. Key investors include Lakshmi Narayanan, Balakrishna Badinedi, Lakshmi Narayanan, Kumar Venkatraman, and M V Krishnan.
The valuation of Ongil is $798.18K as of Apr 2019.
Ongil operates through Ongil Private Limited.
The legal entities of Ongil currently have 2 directors, including Ajith Sahasranamam, Sahasranamam Padmanabhan.