About Singularity Automation
Singularity Automation is a company based in Bengaluru (India) founded in 2017 by Akash Goel and Chakradhar Reddy Veeramreddy was acquired by Stanza Living in April 2022.. Singularity Automation has raised $1.24 million across 3 funding rounds from investors including Times Internet, Stanza Living and IvyCap Ventures. The company has 28 employees as of April 05, 2024. Singularity Automation operates in a competitive market with competitors including RealPage, AppFolio, Entrata, RentRedi and Johnson Controls, among others.
- Headquarter Bengaluru, India
- Employees 28 as on 05 Apr, 2024
- Founders Akash Goel, Chakradhar Reddy Veeramreddy
- Stage Minicorn
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Sectors
TechnologyBusiness Services Energy & Utilities Real Estate & Construction
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Phone
*********
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Website
*********
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Social
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- Legal Name Singularity Automation Private Limited
- Date of Incorporation 14 Oct, 2016
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$362.66 K (USD)426.73as on Mar 31, 2020
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Net Profit
$-10.29 K (USD)88.33as on Mar 31, 2020
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EBITDA
$-2.52 K (USD)97.28as on Mar 31, 2020
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Total Equity Funding
$1.24 M (USD)
in 3 rounds
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Latest Funding Round
$1.16 M (USD), Series A
Mar 04, 2020
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Investors
Times Internet
& 4 more
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Employee Count
28
as on Apr 05, 2024
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Acquired by
Stanza Living
(Apr 01, 2022)
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Funding Insights of Singularity Automation
Singularity Automation has successfully raised a total of $1.24M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $1.16 million completed in March 2020. 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 Series A — $1.2M
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First Round
First Round
(21 Jul 2017)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2020 | Amount | Series A - Singularity Automation | Valuation | IvyCap Ventures Advisors |
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| Jan, 2019 | Amount | Angel Round - Singularity Automation | Valuation | Surendra Kumar Jain |
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| Jul, 2017 | Amount | Seed - Singularity Automation | Valuation | Times Internet , Brand Capital |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Singularity Automation
Singularity Automation has secured backing from 5 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Times Internet, Stanza Living and IvyCap Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investments in startups from leading Indian institutions across various sectors.
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Founded Year | Domain | Location | |
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Investments in early-stage startups are made by Brand Capital.
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Founded Year | Domain | Location | |
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Provider of digital content, advertising solutions, and technology services
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Singularity Automation
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Singularity Automation
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Singularity Automation Comparisons
Competitors of Singularity Automation
Singularity Automation 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 RealPage, AppFolio, Entrata, RentRedi and Johnson Controls, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-enabled property management software is provided for residential properties.
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| domain | founded_year | HQ Location |
SaaS-driven property management software for owners and residential property managers
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| domain | founded_year | HQ Location |
SaaS-driven property management software is provided for owners and managers.
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| domain | founded_year | HQ Location |
Provider of a SaaS-driven tech-first rental agency
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| domain | founded_year | HQ Location |
Automotive batteries and HVAC equipment are manufactured and supplied globally.
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| domain | founded_year | HQ Location |
End-to-end energy management solutions are provided for utilities worldwide.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Singularity Automation
Frequently Asked Questions about Singularity Automation
When was Singularity Automation founded?
Singularity Automation was founded in 2017.
Where is Singularity Automation located?
Singularity Automation is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Singularity Automation?
Akash Goel is the current CEO of Singularity Automation. They have also founded this company.
Is Singularity Automation a funded company?
Singularity Automation is a funded company, having raised a total of $1.24M across 3 funding rounds to date. The company's 1st funding round was a Seed of $46.57K, raised on Jul 21, 2017.
How many employees does Singularity Automation have?
As of Apr 05, 2024, the latest employee count at Singularity Automation is 28.
What is the annual revenue of Singularity Automation?
Annual revenue of Singularity Automation is $362.66K as on Mar 31, 2020.
What does Singularity Automation do?
Singularity Automation is a cloud-based IoT enables management software for co-working and co-living spaces. Features include smart check-in, utility bill payments, fraud detection, online rent payments, energy management, space management, and more.
Who are the top competitors of Singularity Automation?
Singularity Automation's top competitors include RealPage, Entrata and Landis+Gyr.
Who are Singularity Automation's investors?
Singularity Automation has 5 investors. Key investors include Times Internet, Stanza Living, IvyCap Ventures, Surendra Kumar Jain, and Brand Capital.
What is Singularity Automation's valuation?
The valuation of Singularity Automation is $4.55M as of Mar 2020.