tech STARTUPS UNDER INCUBATION IITM

October 2016 Newsletter >  

Planys Technologies Private Limited

Founders: TANUJ JHUNJHUNWALA, VINEET UPADHAY, Prof PRABHU RAJAGOPAL & Prof KRISHNAN BALASUBRAMANIAN
(IITM alumni, 2014 & Faculty members)
What it offers? 
Design & manufacture compact underwater vehicles for immersed structure inspection and environmental survey. Integrate advance marine robotics with the next-generation inspection techniques, to provide an efficient, safe and reliable indigenous solutions for challenging underwater and immersed conditions. Visit us online 
Funds raised: Ministry of MSME (GoI) Grant (Dec'15); $ 260k (Rs 1.75 crore) angel investment by Keiretsu Forum, Chennai & Singapore Chapters (Dec 2015)

Detect Technologies Private Limited

Founders: TARUN MISHRA,  Prof KRISHNAN BALASUBRAMANIAN, DANIEL R DAVID, HARIKRISHNAN AS, KARTHIK R
(IITM alumni, Faculty & BTech Students)
http://www.detecttechnologies.com/
What it offers? 
A holistic solution to the inspection needs of energy sector focusing mainly on the pipeline integrity management. The technologies developed at Detect are of highest novelty and ensures thorough inspection of our client pipeline assets. We have service-based products as well as permanent installable sensors that can show real time health data of the pipelines. Visit us online
Funds raised: Seed funding by IITMIC; angel investment (Apr 2016)

Pi Beam Labs Private LImited

https://drive.google.com/file/d/0B-Cj2DEgpVQyemtheGd6cU5yd1E/view?usp=sharing
Founder: VISAKH SASIKUMAR
What it offers?
Manufactures varients of solar/manual hybrid three wheelers to move goods & passengers for private and public workspace applications. Visit us onlineVideo link
Funds raised: Seed funding by IITMIC & RTBI; Ministry of MSME (GoI) Grant (2015); Rs 1.64 crore angel investment by Keiretsu Forum, Chennai & Singapore Chapters (Dec 2016)

ConzumeX Industries Private Limited (MUSE)

http://www.muconnect.co/
Co-founders: SAI PRASANTH, AJAY YATHINDRA, KARTHIK REDDY. 
(IITM alumni 2013 & 2015)
What it offers?
A consumer product technology company that uses computer vision, machine learning and 3D printing to bring custom fit wearables for individuals. Under development: mobile app that enables doctors to use a 100% digital process to order custom fit orthotic insoles for their patientsVisit us online.
First consumer electronics product: MuConnect- A fast charging magnetic adapter. Raised $170k in pre-orders 

Maximl Labs Private Limited

Co-Founder: SAMIR OTIV
(IITM alum)
What it offers?
Optimize industrial processes using data science - automate shutdowns in process industries
Product – SyncOps (Synchronizing Operations), a Asset Performance Management software focused on bringing planning, execution, co-ordination and database management of a plant, in one single platform India's first.
Funds raised: Seed funding by IITMIC

Daksha Imaging Private Limited

Founders: Prof. ANURAG MITTAL & Dr. RAJ GUPTA 
(IITM faculty and alumnus)
http://www.dakshaimaging.com/
What it offers? 
Daksha develops and provides solutions for the next generation Video Surveillance: a comprehensive footage management that incorporates the best features of both Cloud CCTV system and a Video Management System for enterprise customer. 
Daksha leverages Machine Learning Pattern Matching Image Processing and Computer Vision. The solution provides real time alarming, distributed architecture and high end imaging quality solutions. Visit us online 
Funds raised: Seed funding by IITMIC

NeoMotion Assistive Solutions Private Limited

Founders: SWOSTIK S DASH, VIVEK SARDA & Prof SUJATHA SRINIVASAN
(IITM alumni -2013, 2014 & Faculty member)
What it offers? 
NeoMotion makes innovative Assistive Devices to create an impact in the lives of people with disability and the elderly. NeoBolt and NeoRider, the initial products of the company, are add-on devices that enable wheelchair users to go outdoors conveniently by attaching to their wheelchairs in less than 2 seconds.

Unilumen Photonics Private Limited

http://unilumen.in/
Founders: Profs. ANIL PRABHAKAR & BALAJI SRINIVASAN 
(IITM faculty)
What it offers? 
Specializes in fibre laser technology solutions to industries such as material marking and cutting, and bio-engineering. Product portfolio includes pulsed and continuous wave fibre lasers, and laser drivers. Technology solutions also include packaging, testing and characterization of components and subsystems that are incorporated into fibre lasers. Visit us online
Funds raised: Ministry of MSME (GoI) Grant (Dec'15)

FIBSOL Life Technologies Private Limited

http://fibsol.com/
Founders: Dr KAVITHA and Dr ANANT RAHEJA
(IITM alumni)
Domain: Nanotechnology & Biotech
What it offers? 
Innovative nanofiber substrates for superior agro-inputs; advanced ceramics; sensors & catalysts; clean energy & filters. Visit us online
Funds raised: Seed funding by IITMIC; SIBRI, Dept of Biotechnology (GoI) Grant (2015)Ministry of MSME (GoI) Grant (Dec'15)
Joint incubation with IITM Bio-incubator

AKXA Tech Private Limited

Founders: Dr RAGHURAJ K. RAO (IITB Alumnus), S. V. RAGHAVAN,  (IITM Alumnus),  AMRITRAJ BHAT 
(IITB & IITM alumni)
Domain: Industrial Process Analytics
What it offers?
Unique decision support systems (products/services) for automatic analysis of Plant DCS Data using algorithm based smart technology tools which will assist in remote monitoring, diagnosis and optimization of continuous manufacturing processes leading to higher plant productivity and energy efficiency. Product Suits: "OPTIMakx" range of products for systematic monitoring/diagnosis/optimization of Plant Wide process oscillations,  PID loop performances, Valve/Damper/VFD/Pump operations. Visit us online
Funds raised: Rs 1 crore from promoting company Aqua Alloys Pvt. Ltd., and individual directors 

Fabheads Automation Pvt Ltd

www.fabheads.in
Founder: DHINESH R KANAGARAJ
(IITM alumnus, 2011)
            
What it offers? 
Developing products targeting industrial automation in composites manufacturing sector, with a special focus on carbon fiber based products. A majority of carbon fiber products are still fabricated using expensive, but ineffective processes that produce heavy raw material wastage and require large manpower. The products developed here focus on complete automation with negligible material wastage allowing to bring down per part costs by minimum 10% to as much as 25% based on the production volume. Visit us online
Funds raised: Seed funding by IITMIC

Okapi Advisory Services Private Limited

http://okapia.co/
Founders: Prof. ASHWIN MAHALINGAM & Dr JESSICA SEDDON
(IITM faculty and external)
What it offers?
Okapi is an India-based research and consulting group focused on institutional design for complex goals in changing times. They help clients create policies, ecosystems, and organizations that motivate and aggregate individual contributions to broader public purposes.  Visit us online

GUVI Geek Technologies Private Limited

What it offers?
Online skill acceleration & activity based recruitment platform. Visit us online
Funds raised: seed funding by RTBI & IITMIC; Ministry of MSME (GoI) Grant.

Padmaseetha Technologies Private Limited

Founders: W. GOWRISHANKAR
(IITM alumnus, 1998)
Domain: Healthcare and biomedical devices
What it offers? 
Developing a wearable mobile Continuous Ambulatory Peritoneal Dialysis device (mCAPD), allowing renal patients to carry out CAPD dialysis anytime, anywhere without any intervention. This simple and affordable device allows renal patients to have a near normal life, in spite of the crippling disease, catering to the poor and needy. Visit us online 
Funds raised: Biotechnology Ignition Grant, BIRAC-DBT (Govt of India); Ministry of MSME (GoI) Grant (Dec'15); Seed funding by IITMIC

Air OK Technologies Private Limited

Founders:
 V DEEKSHITH, Y PAVAN REDDY & V SRAVAN KRISHNA
(IITM Alumni - 2014, 2015)
What it offers?
Resource center for air quality management. 
Provides cost-effective and efficient technological solutions for air quality management issues in industries, urban built environment and waste management sites. Development of decision support systems for air quality management at industries/urban/local areas. Visit us online
Funds raised: Seed funding by IITMIC 

MGH Labs Private Limited

http://www.bogorchid.com/
Founders: MUTHUKUMAR P, HEMACHANDRA B, GOKUL R
(IIT Alumni)
Domain: FMCG Health Care
What it offers? 
Bogorchid which can attract, catch & kill mosquitoes naturally. With several patents filed in India, the product has gone through several test trials and can trap up to 800 Mosquitoes in a span of 3 days in a residential house in Chennai City. Visit us online
Funds raised: soft loan from Bank under CGTMSE Scheme

Axon Automated Systems Private Limited

Founders: VISHAL SINGH, VAMSI KRISHNA
(IITM alumni, 2014)
Domain: Smart Home Appliances
What it offers? 
Axon Machines builds smart machines to automate kitchen: set of appliances that would cook for us all by themselves. 

BlueSinQ Automations Private Limited

Founder: DEEPAK CHANCHAL & PRAVEEN KUMAR
(IITM alumni, 2012)
http://www.stachs.in/
Domain: IoT (M2M)
What it offers? 
Company dedicated to bridging the gap between luxury and affordability in home 
automation systems
Visit us online
Funds raised: Seed Funding by IITMIC  

nFiver Machineries Private Limited

www.nfiver.com
Founder: RAMADOSS SAMBATHKUMAR
(IITM alumnus)
Domain: Manufacturing & M2M
What it offers? 
The k-Machine®
K-machines are autonomous, programmable and brainy to perform everyday task carried by users with cutting edge control mechanism on the move through Smart phone. The k-machines are injected with intelligence to save your Time, Effort and provide Healthier life. Current product: Automatic wet grinder. Visit us online
Funds raised: Seed funding by IITMIC

SonoLight Imaging Innovations Private LImited

Founders:
 Dr ARUN K THITTAI & Dr GANAPATHY KRISHNAMURTHI
(IITM Faculty members)
Industry: Medical Imaging
What it offers?
Offers imaging products and services that exploit signals ranging from Ultrasound, Light to X-ray. We develop standalone imaging systems as well as unique multimodal systems that find application in clinical diagnostics, treatment monitoring, image-guided interventions, pre-clinical research, among others. The company's unique software design can be customized to become part of OEM for interested scanner manufacturing companies.
Funds raised: Seed funding by IITMIC

April 2016 Newsletter > 

Cygni Energy Private Limited

http://cygni.com/
Founder: VENKAT RAJARAMAN (CEO)
What it offers? 
Solar-DC Power Solutions through development of three technologies: Visit us online
GOA (green offices & apartments) – provide 24/7 DC power at 48V to power DC devices (BLDC fans, LED lights and electronic gadgets), in addition to the regular 230V AC supply to apartments/office spaces via a centralized DC power module that supplies DC & multiple metering modules at the output. Seamlessly integrates solar and energy storage so that the cost of back-up power is reduced by half and provides uninterrupted power to multi-storied apartments and offices. 
OGH (off grid homes) – developed in collaboration with IITM has the potential to light up homes with no access to electricity or limited access i.e. Target market: peri-urban, rural and other areas with no or near off grid conditions
UDC meter – conceptualized at IITM, aims at providing limited but uninterrupted power to all homes. This uses an innovative “Brown-Out” concept where some limited power is drawn from the existing power grid. 

GOA and OGH boxes have an integrated energy management systems. 

Domains: Renewables, energy efficient Equipments, Solar-DC, Low Voltage DC, Energy Management
Funds raised:  Seed funding by RTBI; Rs 10 crore Series A investment
Revenue:  >5 crore in FY16
In-house R&D Certified by DSIR

Swadha Energies Private Limited

http://www.swadhaenergies.com/green-HVAC.html
Founder: ANKIT PODDAR
(IITM alumnus, MS)
Domain: Green HVAC systems
What it offers?
Swadha has designed and developed mechanical systems and electronics that help cut electricity consumption in the AC systems, using advanced power electronics integrated with the building management systemGreen Building Cooling System’ comprising Variable air Volume Box (VAV Box), Variable Frequency Drive (VFD) and sensor network integrated with Building Management System (BMS)Visit us online  |  Media
Funds raised: Seed funding by RTBI
Revenue:  >1cr in FY16

Crion Technologies Private Limited

www.criontech.com
Founders: KARTHIK PONDUGULA & RAHUL KARPURAPU
(IITM alumni)
Domain: Virtual & Augmented Reality, Training & Education
What it offers?
Crion designs and develops virtual reality modules for training and maintenance in mainly manufacturing and process industries. Our solutions include training simulators that give hands-on virtual training on machinery, service and maintenance, process simulations, emergency response training, etc. Visit us online
Funds raised: Seed funding by IITMIC

innoDI Water Technologies Private Limited

Founders: VIJAY SAMPATH, Prof. T PRADEEP and TULLIO SERVIDA
(IITM faculty, Idropan Dell'Orto & AquaSphere Greentech Solutions)
Domain: Water Treatment (ground & surface water)
What it offers?
InnoDI has introduced a new water treatment system based on Capacitive De-ionization (CDI) technology in the market that is ideally suited for Drinking water applications. This innovative technology is used to desalinate water without using resin or membrane filters. It does not require chemicals to treat water and uses very low power to separate salts in water. 

Traditionally ground water treatment is done using Reverse Osmosis Technology. This technology wastes lots of water during treatment, uses much power and chemicals and has a high operating cost for delivering drinking water. CDI is an excellent alternative to this technology. This is a high recovery system where water wastage is just 20% as against 70% from a RO system. It does not use any chemicals, consumes very low power and has the lowest operating cost for treating water when compared to any system in the market today.

Swayambhu Biologics Private Limited

http://biologics.in/Home.html
Founder: R BALAJI
Domain: Agriculture & Solid Waste Management 
What it offers?
Offers proprietary Accelerated Biological Intervention Technology (ARBIT) for 400+ sugar industries & 300+ distilleries in India that generate toxic waste in the form of 40 lakh tonnes pressmud & 5 billion litres of spentwash annually and dumping them without proper treatment causing severe damage to soil, water bodies etc. due to absence of credible / established technologies. ARBIT composts pressmud in 14 days as against the current 120 days resulting in nutrient rich bio-manure (compost) on one side to managing distillery effluent (spent wash) to achieve Zero Liquid DischargeVisit us online

Grinntech Motors & Services Private Limited

Founder: PUNEET JAIN
http://grinntech.com/
Domain: Energy Storage 
What it offers?
Grinntech aims to enable scaling up of electric vehicles by making them technically and economically feasible. Battery packs constitute major part of an electric vehicle. Grinntech aims to bring that down by introducing new innovative business model and technology products which are build considering price sensitivity & engineering needs of Indian market. Grinntech is building battery management systems for lithium battery packs & doing electro-mechanical packaging of lithium battery packsVisit us online 

Dravak Technologies Private Limited

Founders: BIBIN KA, KARTHIK K, MAHESH J VISHNU MURALI
(IITM MS & PhD students, OE)
Domain: Renewable Energy
What it offers?
Company offers an innovative high-performance roof top wind turbine system as a solution to the increasing power demand. Visit us online

Rathi Aerospace Labs Private Limited

Founders: NIKUNJ RATHI and Prof. PA RAMAKRISHNA
(IITM PhD student & Faculty, AE)
Domain: Aerospace
What it offers?
Company is developing a wax based mandrel for safe, cost effective and easy process of making solid propellants for missiles and launch vehicles.

Enability Foundation For Rehabilitation

Founders: Prof ANIL PRABHAKAR, NAMITA JACOB, SHANKAR S & T PRADEEP
(IITM Faculty, Externals)
http://enability.in/
What it offers?
A non-profit Section 8 company to focus on providing indigenous and affordable assistive technologies solutions to teachers, schools, resource centres and rehabilitation workers. Enability will also set up resource centres, and participate and conduct trainings and workshops for the end-users. Visit us online
Current Product: iGest, a kinematic sensor based system that captures gestures of children with cerebral palsy and converts them into a dictionary of sentences.
Funds raised: Grant from NASSCOM Foundation Social Innovation Forum (2015); Ministry of MSME (GoI) Grant (Dec 2015); Seed support by IITMIC

Merkel Haptic Systems Private Limited

http://merkelhaptics.com/
Founder: Prof M MANIVANNAN
(IITM faculty)
What it offers?
MHS is the first haptics company in India exclusively for touch related technologies, pioneer in providing 3D touch technology solutions in India and abroad, combining academic and industrial experience. It is a spin-off company from IIT Madras Touchlab. MHS is developing a new haptic devices that add high-fidelity virtual reality based training systems. Visit us online 
Funds raised: seed funding by IITMIC; Ministry of MSME (GoI) Grant (Dec'15)
Mannequin based training simulators for doctors

Samudra Consultants Private LImited

http://www.samudraconsultants.com/
Founders: Profs. V SUNDAR, K MURALI and SA SANNASIRAJ
(IITM Faculty members, Ocean Engg)
What it offers?
Provide expert knowledge, manpower and services towards monitoring of coastal and ocean environment; construction of coastal and ocean structures; surveys, design and project management services; numerical and experimental simulations and analysis, coastal and Ocean Engineering software design and integration. Visit us online

Sangvint Technologies Private Limited - WeThink

Founders: SANGEETHA SARANATHAN
(MBA, IIM Indore, 2003)
Domain: Education
What it offers?
WeThink seeks to radically change the way we learn in schools, moving away from a one-size-fits-all strategy towards a more personalised path that enhances conceptual learning. Visit us online

Vital Bioscientific Solutions Private Limited

Founder: Harshal S
(current MS student, IITM)
www.vitalbioscientific.com
Domain: Pharmaceutical and Healthcare 
What it offers? 
A spin off from Bioengineering and Drug Design Group at Dept of Biotechnology, IITM, the company works in the area of preclinical healthcare researchVisit our website
Funds raised: seed support by IITMICBiotechnology Ignition Grant from BIRAC-DBT (Govt of India); Ministry of MSME (GoI) Grant (Dec'15)
Joint incubation with IITM Bio-incubator

Yaathum Biotech Private Limited

Founders: ANITHA RAJAGOPAL and ARIVAN THIRUVALLUVAR
www.yaathumbiotech.com

Domain: Healthcare (diagnostic)
What it offers? 
A molecular biotech company specializing in the development of Real-time quantitative PCR (qPCR) assays for rapid and affordable diagnosis of disease and research in life sciences. Presently, developing a novel multiplex qPCR based diagnostic kit that would make possible the identification of full range of Drug Resistant Tuberculosis (MDR & XDR-TB) in a single test, at one third the present cost, and  taking a few hours to test. Visit our website
Funds raised: Biotech Ignition Grant from BIRAC-DBT
Joint Incubation with IITM Bio-incubator

RF Wave Technologies Private Limited

http://www.rfwavetek.com/
Founders: SHAKTIVEL 
(MS student)
What it offers?
The startup designs and develops high performance modules, for radio frequency (RF), and microwave wave applications covering the frequency range of DC to 8.5 GHz. Product/services in the RF space: RF bread board, RF filters, etc. Custom projects on antenna design for organizations like DRDO. Visit us online
Funds raised: Seed funding by IITMIC

Karuvee Innovations Private LImited

Founders: Prof S RAMAKRISHNAN
(IITM Faculty)
What it offers?
Design & development of Medical devices, systems and solutions using advancements in simulation, modeling, communication and information technology

Theevanam Additives & Nutraceuts Private Limited

Founders: Prof. TS CHANDRA, Prof. MUKESH DOBLE, MANAN PATEL & Dr. S SESHADRI
(IITM Faculty, Biotech Dept; PhD student, BT)
What it offers? 
Provide nutrient formulations for enriching animal feed additives and nutraceuticals such as vitamins, immune-modulators, enzymes, probiotics and pro-biotics etc.

Purius Nanosystems Private Limited

Founder: PURUSHOTHAMAN G
(MS 2012) 
What it offers? A healthcare diagnostics company that currently develops an integrated molecular diagnostic system for performing complex DNA/RNA/Protein testing. This fully automated system will enable healthcare personnel to perform 'sample-to-result' tests at the point-of-care and take appropriate medical decisions within an hour instead of waiting for days typical of current lab-based testing.
Funds raised: seed support from IITMIC; Biotech Ignition Grant from BIRAC-DBT
Joint incubation with IITM Bio-incubator

Udvavisk Technologies Private Limited

www.udvavisk.com
Founders: SATYAK PADHY & SMRUTIMAYA PATTNAIK 
(IITM PhD Student & Alumnus'15)
What it offers?  Provides training, consulting, Open Source Software implementation and R&D to academic institutions, industries and R&D labs. Visit us online
Funds raised: Seed funding by IITMIC