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 May 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 6 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: 41 as on Mar 31, 2026
- Investors: Bluepointe Ventures, AgFunder and 12 Others
- Latest Funding Round: Series A, Oct 07, 2022, $*****
- Highlight: Editors' Pick
2. FireCompass
Provider of automated penetration testing, red teaming, and attack surface management. It offers continuous threat exposure management, supply chain risk assessment, and zero-day exposure validation. The platform uses agentic artificial intelligence to simulate attacker behavior and identify exploitable paths. Services include network, web, and application programming interface testing with remediation guidance.
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: 93 as on Mar 31, 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: 169 as on Mar 31, 2026
- Investors: Olympus Capital Asia, 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, Unigrowth and 2 Others
- Latest Funding Round: Seed, Apr 16, 2026, $*****
5. Styched
Internet-first brand offering multi-category fashion products for men and women. The product catalog includes casual wear, ethnic wear, sportswear, merchandise apparel, bottom wear, jackets, sweaters, and accessories like footwear, handbags, and more.
Key facts about Styched
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:
Filter this listCompany | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 01, 2026 | - | - | 3318 | |
Apr 18, 2025 | - | - | 1050 | |
Oct 19, 2021 | - | - | 3616 | |
Oct 05, 2021 | - | - | 3361 | |
Sep 23, 2021 | - | - | 4081 |
Team profile of IIT Startups
IIT Startups has a team of 6 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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