About IIIT Bangalore
IIIT Bangalore, an accelerator and incubator program founded in 1998, is based in Bengaluru, India. With a presence in 2 countries, it has supported around 8 startups in sectors like Enterprise Applications, HealthTech. Most notable companies in
its portfolio include Scienaptic, Astrogate Labs and nSmiles. The program is backed by a team of 4 people who primarily support Seed startups based in India. Its latest investment was a $504K Seed round in Astrogate Labs on Mar 05, 2025 along with SatSure.
Key Metrics
Founded Year
1998
Location
Bengaluru, India
Portfolio Companies
Sectors of Investment
Stages of Investment
Seed & Grant (prize money)
Locations of Investment
IIIT Bangalore's List of Top Investments
IIIT Bangalore has a portfolio of 8 companies. Their most notable investmentis in nSmilesTheir portfolio spans across India and United States. They have invested in Enterprise Applications, HealthTech, High Tech and 8 other sectors, across stages such as Seed, Grant (prize money) stages. Here is the list of top investments by IIIT Bangalore:
1. Scienaptic
Provider of an AI-powered credit decisioning platform for financial institutions. The platform automates and enhances credit underwriting processes. It integrates with existing lending ecosystems to provide automated credit decisions. The companys technology uses diverse data sources and machine learning algorithms to score applicants, including those without traditional credit scores, and aims to promote fair and equitable lending.
Key facts about Scienaptic
- Founded Year: 2014
- Location: New York City (United States)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Stage: Series A
- Total Funding till date: $9.9M
- Employee Count: 125 as on Aug 31, 2025
- Investors: TVS Motor, IIIT Bangalore and 7 Others
- Latest Funding Round: Series A, Sep 09, 2024, $*****
- Highlight: Editors' Pick
Provider of space communication technologies and solutions for satellite and space missions. Its work involves developing technologies that enable reliable communication between satellites, spacecraft, and ground systems.
Key facts about Astrogate Labs
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3. nSmiles
nSmiles offers a suite of mobile apps for mental and emotional wellness. Its range of apps includes Happy Being App, a daily mind care trainer; Pregnancy Body-Mind Care, for to be and expecting mothers and nSmiles Club, a self-assessment and expert help app. Claims to be confidential and based on practical and evidence-based techniques. Runner-up at the "Global Startup Battle" 2014.
Key facts about nSmiles
- Founded Year: 2013
- Location: Bengaluru (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2022
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $270K
- Employee Count: 2 as on Jun 30, 2026
- Investors: IIIT Bangalore, Axilor Ventures and 11 Others
- Latest Funding Round: Angel, Apr 15, 2019, $*****

4. StealthEra
Wearable healthcare intelligence platform that helps hospitals continuously monitor elderly and post-discharge patients and identify meaningful changes in recovery earlier. It is an elderly or post-discharge patient leaves a hospital, clinicians have limited visibility into what happens between visits. Families rely on manual check-ins, while care teams often receive information only after a patient's condition has worsened. It combines a phone-independent wearable with a healthcare intelligence platform to continuously capture physiological, movement and behavioural signals. Instead of presenting isolated measurements, the system builds a patient-specific baseline and analyses longitudinal changes to surface meaningful recovery trends, anomalies and risk indications for care teams. Our technical differentiation is a multimodal sensing architecture that combines physiological and motion signals through a sensor-fusion layer rather than relying only on individual threshold alerts. The goal is not to generate more data, but to turn continuous data into actionable healthcare visibility.
Key facts about StealthEra
- Founded Year: 2024
- Location: Gurugram (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Stage: Funding Raised
- Employee Count: 3 as on Aug 31, 2026
- Investors: IIIT Bangalore, Ministry of Electronics & Information Technology and 3 Others
5. Machstatz
Provider of IoT-based analytics platform for machine condition monitoring. Its offers an IoT which can be used for the configuration of smart sensors using Wi-Fi and Lora-based technologies and existing machines of the production floor, through drag and drop interface. It extracts data from users to analyze and discover hidden patterns and correlations which can be used for production, machine uptime and predict failures on a real-time basis.
Key facts about Machstatz
- Founded Year: 2017
- Location: Bengaluru (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2023
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $101K
- Employee Count: 4 as on Aug 31, 2026
- Investors: IIIT Bangalore, IIMA Ventures and 10 Others
- Latest Funding Round: Seed, Apr 01, 2021, $*****
- Highlight: Editors' Pick
IIIT Bangalore's Year-on-Year Investment Trends
IIIT Bangalore has invested in 8 companies over the last 9 years, with an average of 0 new investment annually in the last 5 years. In 2025, it made 1 investment. Its most recent first time investment was in Astrogate Labs.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 1 | 0 | 1 |
2024 | 0 | 0 | 0 |
2023 | 1 | 0 | 1 |
2022 | 0 | 0 | 0 |
2021 | 1 | 0 | 1 |
2020 | 0 | 0 | 0 |
2019 | 0 | 0 | 0 |
2018 | 0 | 0 | 0 |
2017 | 1 | 0 | 1 |
IIIT Bangalore's Investments by Stage
IIIT Bangalore has made 3 investments in Seed stage with an average round size of $207K and 1 investment in Grant (prize money) stage.Stage of entry | No. of Investments |
|---|---|
Seed | 3 |
Grant (prize money) | 1 |
Note: We have considered here, only first round of investments
IIIT Bangalore's Investments by Sector
IIIT Bangalore has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Vertical SaaS, Aerospace, Maritime and Defense Tech and Consumer. Notably, it has invested in 8 Tech companies, 6 Software companies, 5 Enterprise (B2B) companies and at least 4 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 3 |
High Tech | 2 |
Vertical SaaS | 2 |
Aerospace, Maritime and Defense Tech | 1 |
Consumer | 1 |
Others | 4 |
Note: We have considered here, only first round of investments
IIIT Bangalore's Investments by Geography
IIIT Bangalore has made most investments in India (4).IIIT Bangalore's recent investments
IIIT Bangalore has not made any investment in 2026 so far.Here are the most recent investments by IIIT Bangalore:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Mar 05, 2025 | India | Seed | 1551 | ||
Aug 05, 2023 | India | Grant (prize money) | 8158 | ||
Apr 01, 2021 | India | Seed | 5698 | [+1] | |
Aug 14, 2017 | India | Seed | 5713 |
Team profile of IIIT Bangalore
IIIT Bangalore has a team of 4 members including 2 Partners located in India. IIIT Bangalore's team does not sit on the board of any company as of now.Co-investors of IIIT Bangalore
Over the past 9 years, 37 investors have co-invested in IIIT Bangalore's portfolio companies. This includes funds and angels.
- Invested before IIIT Bangalore: Startup Karnataka, Sridhar Ramasubban and 20 others have invested in rounds before IIIT Bangalore. There are 2 companies where Startup Karnataka has invested before IIIT Bangalore and 1 company where Sridhar Ramasubban has invested before IIIT Bangalore.
- Top Co-investors of IIIT Bangalore: 5 investors entered a company along with IIIT Bangalore. These include investors like Lakshmi Vijay Ratnaparkhe (1 company).
- Invested after IIIT Bangalore: A total of 10 investors have invested in IIIT Bangalore's portfolio after their investments. Top Investors include ThinKuvate (1 company) and Firstport Capital (1 company).
Recent News related to IIIT Bangalore
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upGrad Collaborates with Microsoft and IIIT Bangalore to Launch Industry-First Generative AI for Leaders CertificationIndianWeb2•Jun 20, 2024•UpGrad, Microsoft, IIIT Bangalore
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