About IIT Startups
IIT Startups, an accelerator and incubator program founded in 2018, is based in Saratoga, United States. With a presence in 5 countries, it has supported around 130 startups in sectors like Enterprise Applications, High Tech. As of Aug 2026, IIT Startups has witnessed 8 portfolio exits. Most notable companies in
its portfolio include Hwy Haul, FireCompass and Enact. The program is backed by a team of 10 people who primarily support startups based in United States, India.
Key Metrics
Founded Year
2018
Location
Saratoga, United States
Portfolio Companies
Sectors of Investment
Locations of Investment
IIT Startups' List of Top Investments
IIT Startups has a portfolio of 130 companies. Their most notable investments include Hwy Haul and FireCompass.Their portfolio spans across United States, India, Canada and 2 more locations. They have invested in Enterprise Applications, High Tech, HealthTech and 29 other sectors. Here is the list of top investments by IIT Startups:
1. Hwy Haul
Online marketplace providing freight transportation services. The platform connects shippers with carriers for on-demand truckload shipping. The platform enables users to search, compare, and book services from multiple partner operators. Users can also track the loads, make online payments, and monitor drivers. Also offers a mobile app for drivers. The app is available on the Android & iOS platforms.
Key facts about Hwy Haul
- Founded Year: 2018
- Location: Santa Clara (United States)
- Stage: Series A
- Total Funding till date: $20.6M
- Employee Count: 42 as on May 31, 2026
- Investors: Bluepointe Ventures, AgFunder and 12 Others
- Latest Funding Round: Series A, Oct 07, 2022, $*****
- Highlight: Editors' Pick
2. FireCompass
FireCompass is an Agentic AI platform for autonomous penetration testing and red teaming across Web, API, and infrastructure. It discovers shadow assets and web applications, safely validates what is exploitable, and connects findings into multi-stage attack paths with a false-positive rate under 2%. Unlike traditional scanners, it discovers credential reuse, business-logic flaws, privilege escalation, and app-to-app or app-to-network lateral movement. It can operate autonomously or with expert-in-the-loop validation. On the XBEN web-exploitation benchmark, the FireCompass agent scored 104/104 — corroborated on HackerOne, where it holds an all-time rank of 6 and ranked 2 for Apr–Jun 2026. FireCompass has 30+ analyst recognitions across Gartner, Forrester, and IDC, including five Gartner Hype Cycle appearances, and is trusted by Fortune 1000 enterprises.
Key facts about FireCompass
- Founded Year: 2019
- Location: Wilmington (United States)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $30.5M
- Employee Count: 98 as on Jun 30, 2026
- Investors: Cervin, Bharat Innovation Fund and 9 Others
- Latest Funding Round: Series B, Sep 04, 2025, $*****
- Highlight: Editors' Pick

3. Enact
Provider of software solutions for monitoring solar energy usage and production. It provides monthly reports to ensure that the solar system is operating at peak efficiency and connect with an energy expert for help with operating or upgrading the system.
Key facts about Enact
- Founded Year: 2014
- Location: Pleasanton (United States)
- Stage: Series B
- Total Funding till date: $16.8M
- Employee Count: 167 as on May 31, 2026
- Investors: NB Ventures, Alumni Ventures and 5 Others
- Latest Funding Round: Series B, Jul 02, 2025, $*****
- Highlight: Editors' Pick
4. Algo8
Provider of industrial artificial intelligence platform for energy and manufacturing sectors. The platform processes data to maximize revenue, minimize carbon footprint, and optimize output. It offers applications for production, reliability, and sustainability intelligence. The company provides solutions for industries including oil and gas, manufacturing, metals, and power.
Key facts about Algo8
- Founded Year: 2016
- Location: Noida (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Stage: Seed
- Employee Count: 31 as on Jul 31, 2025
- Investors: IIT Startups, Startup Incubation and Innovation Centre and 2 Others
- Latest Funding Round: Seed, Apr 16, 2026, $*****
5. Hakimo AI
Provider of AI-based software solutions for security and surveillance. It provides users with a platform that uses computer vision to analyze camera footage to raise alerts in real-time. It also provides solutions for false alarms, tailgating detection, access control, video systems, camera tampering detection, and more.
Key facts about Hakimo AI
- Founded Year: 2020
- Location: San Francisco (United States)
- Stage: Series B
- Total Funding till date: $32M
- Employee Count: 14 as on Feb 28, 2025
- Investors: Firebolt Ventures, Rocketship and 12 Others
- Latest Funding Round: Series B, Jul 08, 2026, $*****
- Highlight: Editors' Pick
Acquired companies in IIT Startups' Portfolio
8 companies from IIT Startups' portfolio have been acquired. The most recent acquisition was Step Function in Jan 2026 by Gruve for $*****.Here are IIT Startups' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 01, 2026 | - | - | 8121 | |
Apr 18, 2025 | - | - | 6686 | |
Oct 19, 2021 | - | - | 5564 | |
Oct 05, 2021 | - | - | 8329 | |
Sep 23, 2021 | - | - | 3725 |
Team profile of IIT Startups
IIT Startups has a team of 10 members including 2 Partners located in India and United States. IIT Startups' team does not sit on the board of any company as of now.Recent News related to IIT Startups
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