About PolyMage Labs
PolyMage Labs is a company based in Bengaluru (India) founded in 2019. It operates as a B2B. PolyMage Labs offers products and services including PolyBlocks. PolyMage Labs operates in a competitive market with competitors including Blaize, NextVPU, Athena Artificial Intelligence, PangeaTech and Red Bird Technology, among others.
- Headquarter Bengaluru, India
- SectorsTechnology
- Website polymagelabs.com
- Social LinkedIn X
- Legal Name Polymage Labs Private Limited
- Date of Incorporation 06 Dec, 2017
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹2.85 Cr
FY 2024 · -44% YoY
- Net Loss-₹0.24 Cr
FY 2024 · -8% margin
- EBITDA-₹0.30 Cr
FY 2024 · -11% margin
Associated legal entities of PolyMage Labs
PolyMage Labs operates through Polymage 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 |
|---|---|---|---|---|---|---|---|
| Polymage Labs Private Limited CIN U74999KA2017PTC108449 | Active | 06 Dec 2017 | Bangalore, Karnataka | ₹2.9 Cr | 9 | 3 | View details |
Board of directors of Polymage Labs Private Limited (PolyMage Labs)
Polymage Labs Private Limited is the primary company behind PolyMage Labs. The board of Polymage Labs Private Limited currently have 2 directors; the longest-serving is Uday Kumar Reddy Bondhugula, appointed in 2017.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Uday Kumar Reddy Bondhugula DIN 07928086 | Director | 06 Dec 2017 | 8 yrs 10 mo | Polymage Labs Private Limited |
| Sangamitra Jammula DIN 07937708 | Director | 06 Dec 2017 | 8 yrs 10 mo | Polymage Labs Private Limited |
Products & Services of PolyMage Labs
PolyMage Labs offers a comprehensive portfolio of products and services, including PolyBlocks.
Offers tools for optimizing AI code and computations on hardware platforms.
Financials of PolyMage Labs
Figures of Polymage Labs Private Limited, the primary company behind PolyMage Labs, for FY 2024. Revenue was ₹2.85 Cr (-44% year on year). Net loss was -₹0.24 Cr (-8% margin). EBITDA was -₹0.30 Cr (-11% margin). Revenue has grown at a compounded annual rate of -12% over three years.
- ₹2.85 CrRevenue · FY 2024 · -44% YoY
- -₹0.24 CrNet loss · -8% margin
- -₹0.30 CrEBITDA · -11% margin
- ₹0.02 CrPaid-up capital
- 9Employees (provident fund records)
- -12%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Polymage Labs Private Limited are on its company page.
Detailed financial statements for PolyMage Labs
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Financial ratios
- Five-year trends
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Verified entity values are shown only after access is granted.
Competitors of PolyMage Labs
PolyMage Labs 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 Blaize, NextVPU, Athena Artificial Intelligence, PangeaTech and Red Bird Technology, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| blaize.com | 2010 | El Dorado Hills, United States | $136.0M | 132 | Edge AI infrastructure solutions are provided for diverse applications. | |
| nextvpu.com | 2016 | Shanghai, China | $71.1M | – | AI-based computer vision chips are manufactured for diverse applications. | |
| athenadefence.ai | 2021 | Australia | – | – | AI-based decision support solutions are provided for military forces. | |
| pangeatech.net | 2020 | Bengaluru, India | – | 20 | Offers comprehensive AI development and data analytics services. | |
| redbird.ai | 2018 | Sha Tin, China | – | – | Delivers comprehensive AI-based operating system solutions. |
Detailed competitors of PolyMage Labs
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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Verified entity values are shown only after access is granted.
Similar companies to PolyMage Labs
10 companies that operate in the same segment as PolyMage Labs (AI in Software Development), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
IT consulting and outsourced managed services are delivered. | 1996 | Dublin, Ireland | USD 106.59 M | USD 9.54 M | 371 | |
AI startup acceleration and networking services are offered globally. | 2017 | Bengaluru, Karnataka, India | – | – | – | |
Scaled Agile is recognized for providing the SAFe framework to enhance business agility. | 2011 | Boulder, Colorado, United States | USD 710.2 K | – | – | |
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Deep-tech venture capital investments in early-stage companies. | 2016 | Bengaluru, Karnataka, India | – | – | – | |
Provides comprehensive AI and machine learning development services. | 2015 | Ahmedabad, Gujarat, India | – | USD 1.23 M | 52 | |
Investing in student-led projects and innovations in technology and education. | 2020 | Bengaluru, Karnataka, India | – | USD 42.84 K | 1 | |
Software solutions are provided in technology sectors for operational efficiency and security. | 2019 | Noida, Uttar Pradesh, India | – | USD 12.36 B | 118,372 | |
AI-powered deductions management for CPG brands is offered by Glimpse. | 2020 | United States | USD 52.85 M | – | – | |
AI-powered software testing tools for enterprises, focusing on automation and integration with various business systems. | 2016 | Pune, Maharashtra, India | – | USD 1.05 M | 45 |
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Frequently Asked Questions about PolyMage Labs
PolyMage Labs was founded in 2019.
PolyMage Labs is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
The primary company behind PolyMage Labs, Polymage Labs Private Limited, reported revenue of ₹2.85 Cr for FY 2024, down 44% year on year.
PolyMage Labs is a software startup that builds advanced compilers and code generators to accelerate AI computations. They enable AI programming frameworks to target high-performance hardware effectively. Incubated at the Indian Institute of Science, the company operates in Bengaluru, India, focusing on deep-technology solutions. They provide tools like PolyBlocks for code transformations and performance enhancements, serving technology and AI sectors without specific client details mentioned.
PolyMage Labs's top competitors include Blaize, NextVPU and Athena Artificial Intelligence.
PolyMage Labs offers PolyBlocks.
PolyMage Labs operates through Polymage Labs Private Limited.
The legal entities of PolyMage Labs currently have 3 directors, including Uday Kumar Reddy Bondhugula, Uday Kumar Bondhugula Reddy, Sangamitra Jammula.