Altiux Innovations
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Altiux Innovations - overview
Established
2013
Location
Bangalore, Karnataka, India
Primary Industry
Business Support Services
About
Altiux Innovations specializes in delivering comprehensive Internet of Things (IoT) solutions, enhancing product development through consulting, engineering, and analytics services. Founded in 2013 and headquartered in Bangalore, India, Altiux Innovations focuses on IoT solutions that streamline development processes. The company was founded by Sunil Motaparti and has undergone strategic pivots to enhance its service offerings. In January 2014, Altiux Innovations raised Seed financing from BitChemy Ventures, although the financial details were not disclosed.
The CEO of the company is Shridhar G. Altiux specializes in providing a comprehensive suite of Internet of Things (IoT) solutions that cater to the entire development cycle of IoT products. Their core offerings include consulting services, device engineering, cloud and mobility application development, analytics, and support and maintenance services. Notably, Altiux has developed the BoxPwr™ toolkit, which is a production-ready suite of software frameworks designed for sensor nodes, actuators, communication gateways, edge computing, and cloud connectivity.
These solutions aim to simplify the complexities of IoT product development, enhancing the speed to market while reducing associated costs. Altiux serves a diverse client base spanning various industries, with end users that engage with their IoT solutions for applications in smart cities, industrial automation, and connected healthcare. Their products are marketed globally, focusing on regions such as North America, Europe, and Asia-Pacific, where demand for IoT technology is rapidly growing. In the most recent financial year of 2023, Altiux Innovations reported a revenue of USD 561,958.
40 and an EBITDA of USD 371,071. 90. The company generates revenue through a mix of consulting services and software framework solutions, primarily structured around project-based engagements and tailored service agreements. Their flagship product, the BoxPwr™ toolkit, is positioned as an essential resource for companies looking to expedite their IoT solution development, potentially involving licensing agreements or direct sales.
Revenue streams are further enhanced by partnerships with technology providers, which foster collaborative service offerings aimed at optimizing client operations and enhancing product functionality. Altiux Innovations is focused on expanding its product offerings and market reach. The company is currently developing new IoT solutions with plans to launch them by the end of 2024. Efforts are underway to penetrate new geographic markets, particularly in Europe and Asia-Pacific, by mid-2025.
The funding raised in January 2014 will support these initiatives, allowing Altiux to enhance its R&D capabilities and scale operations to meet increasing demand.
Current Investors
Bitkemy Technologies
Primary Industry
Business Support Services
Sub Industries
Engineering
Website
www.altiux.com
Company Stage
Angel & Seed
Total Amount Raised
Subscriber access only
Altiux Innovations - timeline of key events
Altiux Innovations - financials
| Fiscal Year Ended | Mar 31, 2014 | Mar 31, 2015 | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | 2,464,223 | 7,131,455 | 23,132,336 | 14,352,050 | 14,796,540 | 21,115,686 | 25,115,978 | - | - | - |
| % Revenue Growth (YoY) | - | - | 189.4% | 224.4% | (38.0%) | 3.1% | 42.7% | 18.9% | - | - | - |
| EBITDA (USD) | (5,783,043) | (14,430,496) | (18,967,016) | 4,571,691 | (4,309,795) | (3,303,654) | 5,614,713 | 11,763,932 | - | - | - |
| Operating Income (USD) | (5,783,043) | (20,588,475) | (26,092,361) | (1,125,250) | (6,600,041) | (7,413,454) | (17,369,129) | (284,419,549) | - | - | - |
| Operating Margin | - | (835.5%) | (365.9%) | (4.9%) | (46.0%) | (50.1%) | (82.3%) | (1132.4%) | - | - | - |
| % EBITDA Margin | - | (585.6%) | (266.0%) | 19.8% | (30.0%) | (22.3%) | 26.6% | 46.8% | - | - | - |
| NET Income (USD) | (5,696,409) | (22,284,364) | (20,307,898) | (345,580) | (6,847,546) | (6,283,570) | (11,393,331) | (207,694,205) | - | - | - |
| % Net Margin | - | (904.3%) | (284.8%) | (1.5%) | (47.7%) | (42.5%) | (54.0%) | (826.9%) | - | - | - |
Altiux Innovations - employee data
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