About Plutomen
Plutomen is a company based in Ahmedabad (India) founded in 2016 by Ravi Patel, Hiren Kanani, and Keyur Bhalavat. Plutomen has raised $591.84 thousand across 3 funding rounds from investors including DevX, Gujarat University Startup and Entrepreneurship Council and FORGE Accelerator. The company has 32 employees as of April 07, 2024. Plutomen operates in a competitive market with competitors including Gather, Multi, Augmentir, CareAR and TechSee, among others.
- Headquarter Ahmedabad, India
- Employees 32 as on 07 Apr, 2024
- Founders Ravi Patel, Hiren Kanani, Keyur Bhalavat
- Stage Minicorn
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Sectors
Technology
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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 Plutomen Technologies Private Limited
- Date of Incorporation 17 Nov, 2016
- Jurisdiction Ahmedabad, Gujarat, India
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Annual Revenue
$86.17 K (USD)63.43as on Mar 31, 2023
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Net Profit
-$289.47 K (USD)-48.05as on Mar 31, 2023
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EBITDA
-$215.37 K (USD)-4.34as on Mar 31, 2023
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Total Equity Funding
$591.84 K (USD)
in 3 rounds
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Latest Funding Round
$124.4 K (USD), Seed
Jun 12, 2023
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Investors
DevX
& 16 more
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Employee Count
32
as on Apr 07, 2024
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People of Plutomen
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Funding Insights of Plutomen
Plutomen has successfully raised a total of $591.84K across 3 strategic funding rounds. The most recent funding activity was a Seed round of $124.4 thousand completed in June 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.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Seed — $124,400
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First Round
First Round
(22 Jun 2021)
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Seed - Plutomen | Valuation | FORGE Accelerator | |
| May, 2022 | Amount | Seed - Plutomen | Valuation | Umang Nahata | |
| Jun, 2021 | Amount | Seed - Plutomen | Valuation | Gujarat University Startup and Entrepreneurship Council , DevX |
Investors in Plutomen
Plutomen has secured backing from 17 investors, including angel, institutional, and venture fund investors. Prominent investors backing the company include DevX, Gujarat University Startup and Entrepreneurship Council and FORGE Accelerator.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Startup incubation, support, and entrepreneurship services in Gujarat.
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Founded Year | Domain | Location | |
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Early-stage investments in US tech and life sciences are targeted.
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Founded Year | Domain | Location | |
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Innovation and ventures in industrial technology and hardware innovations in India.
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Founded Year | Domain | Location |
Investments & Acquisitions by Plutomen
Financial Statements - Plutomen
Plutomen Comparisons
Competitors of Plutomen
Plutomen 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 Gather, Multi, Augmentir, CareAR and TechSee, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based video conferencing solutions are offered by Gather.
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| domain | founded_year | HQ Location |
Virtual collaboration spaces for enterprises are provided via multi-device applications.
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| domain | founded_year | HQ Location |
Provider of a platform offering AR solutions for industrial front-line workers
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| domain | founded_year | HQ Location |
Provider of augmented reality based visual support solution
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| domain | founded_year | HQ Location |
AI virtual agent for customer experience
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| domain | founded_year | HQ Location |
Provider of a cloud-based visual collaboration platform
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Latest news on Plutomen
Frequently Asked Questions about Plutomen
Plutomen was founded in 2016 and raised its 1st funding round 5 years after it was founded.
Plutomen is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Keyur Bhalavat is the current CEO of Plutomen. They have also founded this company.
Plutomen is a funded company, having raised a total of $591.84K across 3 funding rounds to date. The company's 1st funding round was a Seed of $300K, raised on Jun 22, 2021.
As of Apr 07, 2024, the latest employee count at Plutomen is 32.
Annual revenue of Plutomen is $86.17K as on Mar 31, 2023.
Provider of AR-based tools for virtual collaboration. It offers software for real-time monitoring, workflow digitization, and remote collaboration. It also includes tools for 3D video annotation, documentation, error tracking, task management, remote visual assistance, visual work instructions, augmented reality training, and dashboard overviews. It is utilized in industries like manufacturing, oil and gas, construction, aviation, defense, infrastructure, and more.
Plutomen has 17 investors. Key investors include DevX, Gujarat University Startup and Entrepreneurship Council, FORGE Accelerator, Rishabh Software, and Kedar Mehta.
The valuation of Plutomen is $4.92M as of Jun 2023.