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. 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.
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.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $93,612
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First Round
First Round
(31 Aug 2022)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Seed - Xeeed IO | Valuation | Shakun Advisors , Shakun Snazzy |
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| Aug, 2022 | Amount | Seed - Xeeed IO | Valuation | AIC-CCMB |
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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 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. 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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Sector agnostic startup incubator
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Founded Year | Domain | Location | |
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Advisory services are provided by Shakun Advisors in Mumbai, India.
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Founded Year | Domain | Location | |
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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 Xeeed IO
| 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 - Xeeed IO
| 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 |
Xeeed Io Comparisons
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. 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 |
IoT connectivity platform from prototype to production is developed.
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| domain | founded_year | HQ Location |
Threat detection and vulnerability assessment for ICS/DCS/SCADA are provided.
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| domain | founded_year | HQ Location |
PTC is recognized as a global leader in product lifecycle management software.
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| domain | founded_year | HQ Location |
Provider of data integration, application modernization, and digital transformation solutions
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| domain | founded_year | HQ Location |
Middleware and IoT solutions are provided for enterprise digital transformation.
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| domain | founded_year | HQ Location |
Edge AI infrastructure solutions are provided for diverse applications.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Xeeed IO
When was Xeeed IO founded?
Xeeed IO was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Xeeed IO located?
Xeeed IO is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Who is the current CEO of Xeeed IO?
Kanishka Shah is the current CEO of Xeeed IO. They have also founded this company.
Is Xeeed IO a funded company?
Xeeed IO is a funded company, having raised a total of $131.25K across 2 funding rounds to date. The company's 1st funding round was a Seed of $37.64K, raised on Aug 31, 2022.
How many employees does Xeeed IO have?
As of Mar 22, 2024, the latest employee count at Xeeed IO is 1.
What is the annual revenue of Xeeed IO?
Annual revenue of Xeeed IO is $24.26K as on Mar 31, 2023.
What does Xeeed IO do?
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.
Who are the top competitors of Xeeed IO?
Xeeed IO's top competitors include Particle, Blaize and Software AG.
What products or services does Xeeed IO offer?
Xeeed IO offers Catalyst OT Platform, EDGE AI Hardware, EDGE AI and ML Solutions, and Custom Solutions.
Who are Xeeed IO's investors?
Xeeed IO has 5 investors. Key investors include AIC-CCMB, Shakun Advisors, Shakun Snazzy, Shakun Universal, and Shakun Medicare.
What is Xeeed IO's valuation?
The valuation of Xeeed IO is $2.61M as of Feb 2024.