About Trillbit
Trillbit is a company based in Bengaluru (India) founded in 2016 by Shashikant Burnwal, Bhaskar Deo, and Mrigesh Parashar.. Trillbit has raised $1.74 million across 4 funding rounds from investors including Western Union, Good Growth Capital and Refex Capital. The company has 1 employees as of December 31, 2024. Trillbit offers products and services including TrillBit SDK, Trill Auth, and Trill IoT. Trillbit operates in a competitive market with competitors including HiveMQ, Real-Time Innovations, Zerynth, Cybus and ProSyst, among others.
- Headquarter Bengaluru, India
- Employees 1 as on 31 Dec, 2024
- Founders Shashikant Burnwal, Bhaskar Deo, Mrigesh Parashar
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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- Legal Name Trillbit Inc
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Annual Revenue
$125.43 (USD)-100as on Mar 31, 2021
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Net Profit
$-5.57 K (USD)-125as on Mar 31, 2022
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EBITDA
$-5.57 K (USD)-129as on Mar 31, 2022
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Total Equity Funding
$1.74 M (USD)
in 4 rounds
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Latest Funding Round
$1.5 M (USD), Seed
Sep 07, 2021
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Investors
Western Union
& 14 more
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Employee Count
1
as on Dec 31, 2024
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Products & Services of Trillbit
Trillbit offers a comprehensive portfolio of products and services, including TrillBit SDK, Trill Auth, and Trill IoT. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables secure data transfer via sound for integration in apps.
Facilitates contactless user verification using sound waves.
Simplifies device setup and troubleshooting with sound technology.
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Funding Insights of Trillbit
Trillbit has successfully raised a total of $1.74M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $1.5 million completed in September 2021. 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 4
- Last Round Seed — $1.5M
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First Round
First Round
(21 Aug 2017)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2021 | Amount | Seed - Trillbit | Valuation | Refex Capital , Good Growth Capital |
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| Jun, 2019 | Amount | Seed - Trillbit | Valuation | Western Union |
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| May, 2018 | Amount | Seed - Trillbit | Valuation | IIMA Ventures |
| 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 Trillbit
Trillbit has secured backing from 15 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Western Union, Good Growth Capital and Refex Capital. 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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Early-stage venture capital fund investing in innovative startups.
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Founded Year | Domain | Location | |
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Early-stage investments are made in life sciences and technologies.
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Founded Year | Domain | Location | |
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Early-stage tech startups are supported via venture capital and acceleration.
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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 Trillbit
| 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 - Trillbit
| 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 |
Trillbit Comparisons
Competitors of Trillbit
Trillbit 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 HiveMQ, Real-Time Innovations, Zerynth, Cybus and ProSyst, 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 |
MQTT-based platform for bi-directional IoT data flow is provided.
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| domain | founded_year | HQ Location |
IoT connectivity platform for real-time device communication is provided.
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| domain | founded_year | HQ Location |
Middleware for IoT devices is supplied to enable connected solutions.
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| domain | founded_year | HQ Location |
Data acquisition and protocol interoperability in industrial settings are facilitated.
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| domain | founded_year | HQ Location |
IoT middleware software is developed using OSGi and Java technologies.
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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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Frequently Asked Questions about Trillbit
When was Trillbit founded?
Trillbit was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Trillbit located?
Trillbit is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Trillbit?
Bhaskar Deo is the current CEO of Trillbit. They have also founded this company.
Is Trillbit a funded company?
Trillbit is a funded company, having raised a total of $1.74M across 4 funding rounds to date. The company's 1st funding round was a Seed of $190.72K, raised on Aug 21, 2017.
How many employees does Trillbit have?
As of Dec 31, 2024, the latest employee count at Trillbit is 1.
What is the annual revenue of Trillbit?
Annual revenue of Trillbit is $125.43 as on Mar 31, 2021.
What does Trillbit do?
Trillbit was founded in 2016 in Bengaluru, India, and operates in the IoT sector. Middleware technology is developed to encode and transmit data through ultrasonic pulses, utilizing existing speakers and microphones on smartphones without additional hardware. Compatibility across all platforms is supported. Applications are targeted in retail, broadcasting, live events, user authentication, secure payments, smart cities, and broader IoT uses.
Who are the top competitors of Trillbit?
Trillbit's top competitors include HiveMQ, Real-Time Innovations and Zerynth.
What products or services does Trillbit offer?
Trillbit offers TrillBit SDK, Trill Auth, and Trill IoT.
Who are Trillbit's investors?
Trillbit has 15 investors. Key investors include Western Union, Good Growth Capital, Refex Capital, Amit Sareen, and Bhavesh Pujara.
What is Trillbit's valuation?
The valuation of Trillbit is $291.21K as of May 2018.