When was CUSMAT founded?

CUSMAT was founded in 2016 and raised its 1st funding round 3 years after it was founded.

Where is CUSMAT located?

CUSMAT is headquartered in Bengaluru, India. It is registered at Flat No.401,4thFloor,Abode Aahladham Diamond Block Nallagandla Village, Serilingampally Man, dal, Rangareddi, Hyderabad, Telangana, India, 500019.

Who is the current CEO of CUSMAT?

Abhinav Ayan of CUSMAT. They are also an angel investors in 1 startup.

Which legal entities is CUSMAT associated with?

CUSMAT is associated with CUSMAT TECHNOLOGIES PRIVATE LIMITED.

How many employees does CUSMAT have?

As of Aug 31, 2025, CUSMAT has 24 employees, reflecting a 51% year-over-year decline in headcount.

Is CUSMAT a funded company?

CUSMAT is a funded company, having raised a total of $4.22M across 7 funding rounds to date. The company's 1st funding round was a $***** Angel round, raised on Apr 16, 2019.

How much is CUSMAT worth?

The latest valuation of CUSMAT is ₹***** as of Mar 25, 2023.

When was the latest funding round of CUSMAT?

CUSMAT's latest funding was a $***** Series A round on Aug 04, 2022, with participation from 95 investors. Its primary sector is Augmented Reality. Globally, the Augmented Reality sector has seen $330M in funding in 2026 to date.

What is the annual revenue of CUSMAT?

Annual revenue of CUSMAT is ₹4.47Cr as on Mar 31, 2025.

Where does CUSMAT rank among its competitors?

CUSMAT ranks 5th amongst 46 active competitors, of which 13 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Frontline, which secured $10M in Apr, 2025.

Who are the top competitors of CUSMAT?

CUSMAT's top competitors include Simulanis, Talespin and Start Beyond. Among them, Frontline secured the most recent funding round in April, 2025.

CUSMAT - 2026 Company Profile, Team, Funding, Competitors & Financials

CUSMAT is a series A company based in Bengaluru (India), founded in 2016 by Abhinav Ayan, Soumya Harichandan and Anirban Jyoti Chakravorty. It operates as a Developer of simulation based training platforms for industrial skills. CUSMAT has raised $4.22M in funding from investors like Angel List, Venture Catalysts and Z Nation Lab, with a current valuation of ₹*****. The company has 46 active competitors, including 13 funded and 3 that have exited. Its top competitors include companies like Simulanis, Talespin and Start Beyond.

Company Details

Developer of simulation based training platforms for industrial skills. These platforms encompass equipment operation simulators, simulation-based mobile learning applications, and VR hands-on skilling platforms. The solutions are designed to improve productivity and safety across various industries, including logistics, manufacturing, and healthcare. The training is delivered through mobile apps and VR-based simulators, providing accessible and engaging learning experiences.

Website: cusmat.com/
Social
Email ID: *****@cusmat.com
Registered Address: Flat No.401,4thFloor,Abode Aahladham Diamond Block Nallagandla Village, Serilingampally Man, dal, Rangareddi, Hyderabad, Telangana, India, 500019

Key Metrics

Founded Year

2016

Location

Bengaluru, India

Stage

Series A

Total Funding

$4.22M in 7 rounds

Latest Funding Round

Series A, Aug 04, 2022, $*****

Post Money Valuation

₹***** as on Mar 25, 2023

Investors

Angel List & 133 more

Ranked

5^th among 46 active competitors

Annual Revenue

₹4.47Cr as on Mar 31, 2025

Employee Count

24 as on Aug 31, 2025

Similar Companies

Simulanis & 49 more

View CUSMAT's full profile

CUSMAT is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
CUSMAT TECHNOLOGIES PRIVATE LIMITED CIN: U74999TG2016PTC110304 , India, Active	Jun 16, 2016	$529K (As on Mar 31, 2025)	24 (As on Aug 31, 2025)

CUSMAT has raised a total funding of $4.22M over 7 rounds. Its first funding round was on Apr 16, 2019. Its latest funding round was a Series A round on Aug 04, 2022 for $*****. 95 investors participated in its latest round. CUSMAT has 50 institutional investors and 84 angel investors.

Here is the list of recent funding rounds of CUSMAT:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Aug 04, 2022	6067484	Series A	8454597	3141690	4221159	7862994
Aug 2022	4497909	Seed	1040142	4788767	7531340	6454636
Mar 06, 2022	7875544	Angel	3883644	5129143	Heeral Amit Shah & 1 more	6321466

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View details of CUSMAT's funding rounds and investors

The founders of CUSMAT are Abhinav Ayan, Soumya Harichandan and Anirban Jyoti Chakravorty.

Here are the details of CUSMAT's key team members:

Abhinav Ayan: CEO & ex-Co-Founder of CUSMAT. They are also an angel investor in 1 startup and serve on the board of 1 company.
Contact Info: 1 email address
Soumya Harichandan: Founder and Design Director of CUSMAT. They are also an angel investor in 1 startup and serve on the board of 1 company.
Anirban Jyoti Chakravorty: Co-Founder of CUSMAT. They serve on the board of 1 company.
Contact Info: 1 email address and 1 phone number

CUSMAT's Board of Directors

CUSMAT's board has 3 active members. Abhinav Ayan, Soumya Harichandan and Anirban Jyoti Chakravorty are part of team.

Here is the list of CUSMAT's board of directors:

Name	Type	Representing	Status	Duration
Abhinav Ayan	Team	-	Current	9y 11m
Soumya Harichandan	Team	-	Current	9y 11m
mwikmdn	Team	-	Past	8y 9m

View details of CUSMAT's Founder profiles and Board Members

CUSMAT's employee count trend

CUSMAT has 24 employees as of Aug 25. The total employee count is 51.0% lower than what it was in Aug 24. Here is CUSMAT's employee count trend over the years:

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Top competitors of CUSMAT include Simulanis, Talespin and Start Beyond. Here is the list of Top 10 competitors of CUSMAT, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Simulanis 2013, Delhi (India), Seed	Provides AR enabled training solution and productivity tool	$1.44M	VilCap Investments, CBA Capital & 22 others	60/100
2nd	Talespin 2015, Culver City (United States), Acquired	Provider of immersive learning platforms and training solutions for businesses	$40.2M	SEEK Investments, Cornerstone & 9 others	51/100
3rd	Start Beyond 2015, Sydney (Australia), Funding Raised	Provider of AR/VR-based training platform for corporate	-	Galata Business Angels, muru-D & 1 others	47/100
4th	Virti 2017, San Mateo (United States), Series A	Provider an immersive learning platform that provides AI-driven soft skills training with interactive video simulations	$10.1M	IQ Capital, Cedars-Sinai Accelerator & 3 others	45/100
5th	CUSMAT 2016, Bengaluru (India), Series A	Developer of simulation based training platforms for industrial skills	$4.22M	BlackSoil, IndigoEdge & 132 others	41/100
6th	Frontline 2015, Rehovot (Israel), Series A	Provider of AR/VR-based remote training and support solutions	$10M	Clickbond, Starburst & 1 others	41/100
7th	Innoactive 2013, Munich (Germany), Series A	Provider of virtual reality training solutions	$5.13M	UVC Partners, Capnamic Ventures & 4 others	37/100
8th	Immersion 1994, Bordeaux (France), Public	Developer of high-end interaction devices, hardware, and software components for industries	-	Calao Finance, Europa	36/100
9th	EKTO VR 2018, Pittsburgh (United States), Seed	VR based simulation for workforce training	$415K	AlphaLab Gear, Reinforced Ventures	36/100
10th	Tenstar Simulation 2009, Tanumshede (Sweden), Funding Raised	Provider of simulation-based training solutions for vehicles and machines across industries	-	EIC Fund, Europa	34/100

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Founders (largest shareholder) own 50.95%, Funds own 24.41%, Enterprises own 3.34% and Angels own 6.57%. The net worth of CUSMAT's founders is INR 58.6Cr as of Mar 25, 2023.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	50.95%	58.6Cr	3002262	8126958	3124405	3163999
Abhinav Ayan	1013490	8529903	2001975	5345987	8642072	2179928
Anirban Jyoti Chakravorty	2348734	8108412	2918240	3125481	3066962	6479307
Fund	24.41%	28.1Cr	2795312	8031409	7655062	7486982
Arkam Ventures	8411176	4041458	8809193	7270821	4032333	2698637
Z Nation Lab	19	19	94	98	77	77
Venture Catalysts	39	59	38	25	69	20
Angel List	5	7	8	3	4	7
Enterprise	3.34%	3.88Cr	637	749	214	530
Angel	6.57%	7.57Cr	841706	820684	143672	587772
Naresh Kumar D	0	0	0	0	0	0
ESOP Pool	5.72%	6.57Cr	67723	92433	64107	20298
Other Investors	8.96%	10.3Cr	5506314	8532598	6669712	3582361
Total	99.95%	115Cr	7079891	5088758	9994612	9022407