ExactSpace - About the company
ExactSpace is an acquired company based in Bengaluru (India), founded in 2018 by Rahul Raghunathan and Boben Anto. It operates as a Developer of an AI-powered digital twin platform for industrial operations. ExactSpace has raised $1.4M in funding from Thermax, with last known valuation of $*****. The company has 566 active competitors, including 96 funded and 44 that have exited. Its top competitors include companies like Altair, Augury and Uptake.
Company Details
Developer of an AI-powered digital twin platform for industrial operations. The platform provides predictive maintenance and process optimization for various industries. It offers solutions for machine builders, industrial operators, and service providers. The platform integrates with existing systems to improve operational efficiency and asset performance.
- Website
- exactspace.co
- Email ID
- *****@exactspace.co
- Phone Number
- +91 **********
- Registered Address
- K N B MANSION, NO. 191, DOUBLE ROAD, INDIRANAGAR II STAGE, Bangalore, Bangalore, Karnataka, India, 560038
Key Metrics
Founded Year
2018
Location
Bengaluru, India
Stage
Acquired
Total Funding
$1.4M in 3 rounds
Latest Funding Round
Last Known Valuation
$***** as on Nov 29, 2023
Ranked
56th among 566 active competitors
Annual Revenue
0 - ₹10 Cr as on Mar 31, 2025
Employee Count
57 as on Jun 30, 2025
Exit Details
Acquired by Thermax (Feb 27, 2026)
Legal entities associated with ExactSpace
ExactSpace is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
EXACTSPACE TECHNOLOGIES PRIVATE LIMITED CIN: U72900KA2017PTC108698 , India, Active | Dec 14, 2017 | 0 - ₹10 Cr (As on Mar 31, 2025) | 54 (As on Sep 01, 2025) |
ExactSpace's acquisition details
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ExactSpace's funding and investors
ExactSpace has raised a total funding of $1.4M over 3 rounds. Its first funding round was on 2019. Its latest funding round was a Grant (prize money) round on Jan 31, 2023 for $*****. 1 investor participated in its latest round. ExactSpace has 6 institutional investors and 2 angel investors.
Here is the list of recent funding rounds of ExactSpace:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jan 31, 2023 | 9388840 | Grant (prize money) | 4739466 | 9113862 | 9243706 | 7718237 |
Jan 13, 2022 | 1301797 | Seed | 1762818 | 2985876 | 5478124 | |
2019 | 4604 | Grant (prize money) | 7576 | 9347 | 5125 |
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ExactSpace's founders and board of directors
Founder? Claim ProfileThe founders of ExactSpace are Rahul Raghunathan and Boben Anto. Rahul Raghunathan is the CEO of ExactSpace.
Here are the details of ExactSpace's key team members:
- Rahul Raghunathan: Co-Founder & CEO of ExactSpace. They serve on the board of 1 company.Contact Info: 1 email address and 1 phone number
- Boben Anto: Co-Founder of ExactSpace. Contact Info: 1 email address
ExactSpace's Board of Directors
ExactSpace's board has 2 active members. Rahul Raghunathan and Arun Jose are part of team.Here is the list of ExactSpace's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 8y 7m | |
Team | - | Current | 5y 8m |
View details of ExactSpace's Founder profiles and Board Members
ExactSpace's employee count trend
ExactSpace has 57 employees as of Jun 25. The total employee count is 12.0% lower than what it was in Jun 24. Here is ExactSpace's employee count trend over the years:
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ExactSpace's Competitors and alternates
Top competitors of ExactSpace include Altair, Augury and Uptake. Here is the list of Top 10 competitors of ExactSpace, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Altair 1985, Troy (United States), Acquired | Provider of enterprise software for simulation, data analytics, AI, and HPC | $35.1M | 77/100 | |
2nd |  Augury 2011, New York City (United States), Series F | Provider of IoT and cloud-based machine analytics and predictive maintenance solutions | $369M | 71/100 | |
3rd | Uptake 2014, Chicago (United States), Series D | Cloud-based platform for predictive analytics and asset performance management | $282M | 71/100 | |
4th | Provider of industrial artificial intelligence and data management platform solutions | $225M | 69/100 | ||
5th | AI company specializing in predictive maintenance and asset monitoring for manufacturing | $196M | 68/100 | ||
6th | Infinite Uptime 2015, Alpharetta (United States), Series C | Provider of AI-powered predictive maintenance solutions for industrial equipment reliability | $68.7M | 67/100 | |
7th | Provider of digital reality solutions combining measurement, positioning, and autonomous technologies | - | 65/100 | ||
8th | Uptime AI 2019, San Francisco (United States), Series A | Provider of AI reasoning agents for industrial operational excellence solutions | $19M | 65/100 | |
9th | Provider of industrial artificial intelligence platform for energy and manufacturing sectors | - | 62/100 | ||
10th | Decisyon 2005, San Francisco (United States), Series B | Provider of platform for corporate performance management | $55.9M | 60/100 | |
56th |  ExactSpace 2018, Bengaluru (India), Acquired | Developer of an AI-powered digital twin platform for industrial operations | $1.4M | 41/100 |
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ExactSpace's Latest cap tables and shareholding
Founders (largest shareholder) own 74.99%, Funds own 1.96%, Enterprises own 15.16% and Other People own 3.95%. The net worth of ExactSpace's founders is INR 49.4Cr as of Nov 29, 2023.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 74.99% | 49.4Cr | 2319422 | 6455862 | 6144444 | 5430188 |
6462290 | 3724061 | 9568375 | 9221250 | 2248782 | 2684849 | |
8379894 | 3959475 | 5077925 | 3431312 | 1240014 | 2619445 | |
Fund | 1.96% | 1.29Cr | 2 | 1 | 4 | 6 |
1 | 7 | 3 | 5 | 8 | 1 | |
Enterprise | 15.16% | 10Cr | 8724665 | 7811362 | 1311946 | 6414021 |
Other People | 3.95% | 2.6Cr | 264 | 626 | 818 | 985 |
ESOP Pool | 3.95% | 2.6Cr | 250 | 106 | 532 | 716 |
Total | 100.00% | 65.9Cr | 5334982 | 2998422 | 2102322 | 2462206 |
To unlock detailed Cap Table of ExactSpace Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of ExactSpace's Shareholding
ExactSpace's Investments and acquisitions
ExactSpace has made no investments or acquisitions yet.
Reports related to ExactSpace
Here is the latest report on ExactSpace's sector:
News related to ExactSpace
•
Thermax to invest up to ~Rs10cr in Exactspace TechnologiesIndia Infoline•Feb 09, 2022•Thermax, ExactSpace, LegaLogic
•
Shell E4 Demo Day: Accelerating technology for a cleaner energy futureYourStory•Sep 24, 2021•CogniTensor, EmbedSense Solutions, ExactSpace, Ossus and 4 others
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