About Theremin Ai
Theremin Ai is a Technology company based in Mumbai (India) founded in 2018. AI-powered platform for quantitative investing and market data analysis. It operates on a B2B model in Technology and Financial Services sectors. Theremin Ai has raised $1.61 million across 2 funding rounds from investors including Fractal Analytics, Gulu Mirchandani and Gulu Mirchandani. The company has 5 employees. Theremin Ai was last valued at $3.55 million in March 2022. Its Indian entity Theremin Ai Solutions Private Limited reported revenue of ₹50.8 Lakh. Theremin Ai offers products and services including AI Algorithms and Investment Strategies. Its focus areas include FinTech, Investment Tech, Quantitative Investing and AI-Driven Trading.
Company details
Theremin.ai is an AI-driven company that develops self-learning algorithms to detect opportunities in financial data for automatic trading decisions. It focuses on machine learning, deep learning, and reinforcement learning, utilizing over 15 years of market data. Based in India, it serves investors and financial institutions through innovative strategies, emphasizing research and development in stochastic optimization and autonomous systems.
- Headquarters Mumbai, India
- Employees 5
- Stage Minicorn
- SectorsTechnologyFinancial Services
- Website theremin.ai
- Legal Name Theremin Ai Solutions Private Limited
- Date of Incorporation 27 Dec, 2018
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹50.8 Lakh
FY 2025 · -17% YoY
- Net Profit₹2.54 Cr
FY 2025 · 500% margin
- EBITDA₹2.54 Cr
FY 2025 · 500% margin
- Total Equity Funding$1.61M (USD)
in 2 rounds
- Latest Funding Round$393.3K (USD), Series A
Mar 2022
- InvestorsFractal Analytics
& 3 more
- Employee Count5
Associated legal entities of Theremin Ai
Theremin Ai is associated with 2 registered companies on The Company Check; the primary company is Theremin Ai Solutions Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Theremin Ai Solutions Private Limited CIN U72900MH2018PTC318795 | Amalgamated | 27 Dec 2018 | Mumbai, Maharashtra | ₹0.5 Cr | 5 | 4 | View details |
| Theremin Multi Strategy Fund Llp CIN AAW-3436 | Under Process Of Striking Off | 16 Mar 2021 | Mumbai, Maharashtra | 2 | View details |
Products & Services of Theremin Ai
Theremin Ai offers a comprehensive portfolio of products and services, including AI Algorithms and Investment Strategies.
Self-learning AI for detecting trading opportunities in financial data
Algorithms for portfolio diversification and automatic decision-making
Funding Insights of Theremin Ai
Theremin Ai has successfully raised a total of $1.61M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $393.3 thousand completed in March 2022. 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 $1.61M
- Total Rounds 2
- Last Round Series A — $393,303
- First Round $1.21M
(Sep 2020)
- Investors Count 4
All 2 funding rounds of Theremin Ai 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 |
|---|---|---|---|---|---|
| Mar 2022 | $393,303 | Series A | $3.55M | Gulu Mirchandani, Fractal Analytics | – |
| Sep 2020 | $1.21M | Series A | $3.29M | OLMO Capital, Gulu Mirchandani |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2022 | $3.55M | •••••••• |
| Sep 2020 | $3.29M | •••••••• |
Last known valuation $3.55M (Mar 2022). 4 investors in total: 2 institutional and 2 angel.
Investors in Theremin Ai
Theremin Ai has secured backing from 4 investors, including angel, institutional, and venture fund investors. Prominent investors backing the company include Fractal Analytics, Gulu Mirchandani and Gulu Mirchandani.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Cold storage and supply chain are targeted by OLMO Capital. | olmo.capital | San Pedro Garza Garcia, Mexico | ||
Artificial intelligence and analytics solutions are provided for enterprise transformation. | 2000 | fractal.ai | New York, United States | |
GM Gulu Mirchandani | Founder of Onida Electronics, prominent angel investor in Indian startups | unknown_f5fd296431434ed38 | ||
GM Gulu Mirchandani | unknown_020bf774e8d245c2b |
Investor details for Theremin Ai
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Theremin Ai Solutions Private Limited (Theremin Ai)
Theremin Ai Solutions Private Limited is the primary company behind Theremin Ai. The boards of the 2 registered companies of Theremin Ai currently have 5 directors; the longest-serving is Satish Avadhanam Raman, appointed in 2020. 8 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Satish Avadhanam Raman DIN 07025389 | Director | 30 Sep 2020 | 6 yrs | Theremin Ai Solutions Private Limited |
| Gulu Lalchand Mirchandani DIN 00026664 | Director | 30 Sep 2020 | 6 yrs | Theremin Ai Solutions Private Limited |
| Sasha Gulu Mirchandani DIN 01179921 | Director | 30 Sep 2020 | 6 yrs | Theremin Ai Solutions Private Limited |
| Hemant Vasant Kothavade DIN 05280363 | Designated Partner | 16 Mar 2021 | 5 yrs 7 mo | Theremin Multi Strategy Fund Llp |
| Srikanth Velamakanni DIN 01722758 | Designated Partner | 16 Mar 2021 | 5 yrs 7 mo | Theremin Multi Strategy Fund Llp, Theremin Ai Solutions Private Limited |
Financials of Theremin Ai
Figures of Theremin Ai Solutions Private Limited, the primary company behind Theremin Ai, for FY 2025. Revenue was ₹50.8 Lakh (-17% year on year). Net profit was ₹2.54 Cr (500% margin). EBITDA was ₹2.54 Cr (500% margin). Revenue has grown at a compounded annual rate of +34% over three years and +16% over five years.
- ₹50.8 LakhRevenue · FY 2025 · -17% YoY
- ₹2.54 CrNet profit · 500% margin
- ₹2.54 CrEBITDA · 500% margin
- ₹20.24 CrPaid-up capital
- 5Employees (provident fund records)
- +34%Revenue CAGR, 3 years
- +16%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Theremin Ai Solutions Private Limited are on its company page.
Detailed financial statements for Theremin Ai
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Theremin Ai
4 dated milestones of Theremin Ai across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Theremin Ai is founded.
- Funding First funding round of $1.2M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $393K.
Top companies in AI in Banking
3 companies that operate in the same segment as Theremin Ai (AI in Banking) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Offers AI-powered product development and consulting services worldwide. | 1997 | Hyderabad, Telangana, India | 2,274 | |||
AI app for automatic expense tracking, bill reminders, and account balance monitoring. | Bathinda, Punjab, India | USD 107.21 K | ||||
Offers digital product development, app modernization, and AI solutions for clients. | 2008 | Hyderabad, Telangana, India | USD 1.74 M | 128 |
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Related news about Theremin Ai
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Frequently Asked Questions about Theremin Ai
Theremin Ai was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Theremin Ai is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Theremin Ai is a funded company, having raised a total of $1.61M across 2 funding rounds to date. The company's 1st funding round was a Series A of $1.21M, raised on Sep 2020.
Theremin Ai has 5 employees.
The primary company behind Theremin Ai, Theremin Ai Solutions Private Limited, reported revenue of ₹50.8 Lakh for FY 2025, down 17% year on year.
Theremin.ai is an AI-driven company that develops self-learning algorithms to detect opportunities in financial data for automatic trading decisions. It focuses on machine learning, deep learning, and reinforcement learning, utilizing over 15 years of market data. Based in India, it serves investors and financial institutions through innovative strategies, emphasizing research and development in stochastic optimization and autonomous systems.
Theremin Ai offers AI Algorithms and Investment Strategies.
Theremin Ai has 4 investors. Key investors include Fractal Analytics, Gulu Mirchandani, Gulu Mirchandani, and OLMO Capital.
The valuation of Theremin Ai is $3.55M as of Mar 2022.
Theremin Ai is associated with 2 legal entities: Theremin Ai Solutions Private Limited, Theremin Multi Strategy Fund Llp.
The legal entities of Theremin Ai currently have 5 directors, including Hemant Vasant Kothavade, Srikanth Velamakanni, Satish Avadhanam Raman and others.