About Xeeed IO
Xeeed IO is a company based in Hyderabad (India) founded in 2021 by Karthik Gurukuntala, Ravi Tej Varanasi, and Kanishka Shah. Xeeed IO has raised $131.25 thousand across 2 funding rounds from investors including AIC-CCMB, Shakun Advisors and Shakun Snazzy. The company has 1 employees as of March 22, 2024. Xeeed IO offers products and services including Catalyst OT Platform, EDGE AI Hardware, EDGE AI and ML Solutions, and Custom Solutions. Xeeed IO operates in a competitive market with competitors including Particle, Hexagon, PTC, Software AG and Relayr, among others.
- Headquarter Hyderabad, India
- Employees 1 as on 22 Mar, 2024
- Founders Karthik Gurukuntala, Ravi Tej Varanasi, Kanishka Shah
- Stage Minicorn
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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 Xeeed Io Private Limited
- Date of Incorporation 06 Jan, 2021
- Jurisdiction Shaikpet, Telangana, India
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Annual Revenue
$24.26 K (USD)771.08as on Mar 31, 2023
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Net Profit
-$4.87 K (USD)54.92as on Mar 31, 2023
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EBITDA
-$3.94 K (USD)75.2as on Mar 31, 2023
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Total Equity Funding
$131.25 K (USD)
in 2 rounds
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Latest Funding Round
$93.61 K (USD), Seed
Feb 28, 2024
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Investors
AIC-CCMB
& 4 more
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Employee Count
1
as on Mar 22, 2024
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Products & Services of Xeeed IO
Xeeed IO offers a comprehensive portfolio of products and services, including Catalyst OT Platform, EDGE AI Hardware, EDGE AI and ML Solutions, and Custom Solutions.
Cloud or on-premise platform for IoT and AI deployment with free plans.
Devices for quick AI solution deployment and integration.
On-device AI for data processing without cloud dependency.
Tailored AI automation for specific industry needs.
Funding Insights of Xeeed IO
Xeeed IO has successfully raised a total of $131.25K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $93.61 thousand completed in February 2024. 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.
Investors in Xeeed IO
Xeeed IO has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include AIC-CCMB, Shakun Advisors and Shakun Snazzy.
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Sector agnostic startup incubator
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Advisory services are provided by Shakun Advisors in Mumbai, India.
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Investor details for Xeeed IO
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Investments & Acquisitions by Xeeed IO
Investment portfolio details for Xeeed IO
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Financial Statements - Xeeed IO
Detailed financials for Xeeed IO
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Xeeed Io Comparisons
Peer comparison for Xeeed IO
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Competitors of Xeeed IO
Xeeed IO 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 Particle, Hexagon, PTC, Software AG and Relayr, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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IoT connectivity platform from prototype to production is developed.
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Threat detection and vulnerability assessment for ICS/DCS/SCADA are provided.
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PTC is recognized as a global leader in product lifecycle management software.
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Provider of data integration, application modernization, and digital transformation solutions
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Middleware and IoT solutions are provided for enterprise digital transformation.
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Edge AI infrastructure solutions are provided for diverse applications.
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Detailed competitors of Xeeed IO
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Latest news on Xeeed Io
Complete news archive for Xeeed IO
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Frequently Asked Questions about Xeeed IO
Xeeed IO was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Xeeed IO is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Kanishka Shah is the current CEO of Xeeed IO. They have also founded this company.
Xeeed IO is a funded company, having raised a total of $131.25K across 2 funding rounds to date.
As of Mar 22, 2024, the latest employee count at Xeeed IO is 1.
Annual revenue of Xeeed IO is $24.26K as on Mar 31, 2023.
Xeeed IO was founded in 2021 in Hyderabad, India, within the IoT sector focused on industrial applications. Systems including dashboards, cameras, and sensors are designed and developed to support asset monitoring for fleets. Features such as location tracking, energy consumption analysis, utilization reporting, preventive maintenance alerts, and enterprise billing are enabled through these integrated solutions. Operations emphasize real-time data for enhanced efficiency in industrial environments.
Xeeed IO's top competitors include Particle, Blaize and Software AG.
Xeeed IO offers Catalyst OT Platform, EDGE AI Hardware, EDGE AI and ML Solutions, and Custom Solutions.
Xeeed IO has 5 investors. Key investors include AIC-CCMB, Shakun Advisors, Shakun Snazzy, Shakun Universal, and Shakun Medicare.
The valuation of Xeeed IO is $2.61M as of Feb 2024.