When was ExactSpace founded?

ExactSpace was founded in 2018 and raised its 1st funding round 1 year after it was founded.

Where is ExactSpace located?

ExactSpace is headquartered in Bengaluru, India. It is registered at K N B MANSION, NO. 191, DOUBLE ROAD, INDIRANAGAR II STAGE, Bangalore, Bangalore, Karnataka, India, 560038.

Who is the current CEO of ExactSpace?

Rahul Raghunathan of ExactSpace.

Which legal entities is ExactSpace associated with?

ExactSpace is associated with EXACTSPACE TECHNOLOGIES PRIVATE LIMITED.

How many employees does ExactSpace have?

As of May 01, 2026, the latest employee count at ExactSpace is 55.

Is ExactSpace a funded company?

ExactSpace is a funded company, having raised a total of $1.4M across 3 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on 2019.

How much is ExactSpace worth?

The last known valuation of ExactSpace was $***** as of Nov 29, 2023.

When was the latest funding round of ExactSpace?

ExactSpace's latest funding was a $***** Grant (prize money) round on Jan 31, 2023, with participation from 1 investor.

What is the annual revenue of ExactSpace?

Annual revenue of ExactSpace is less than ₹10 Cr as on Mar 31, 2026

Where does ExactSpace rank among its competitors?

ExactSpace ranks 65th amongst 849 active competitors, of which 103 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was TRACTIAN, which secured $130M in Oct, 2026.

Who are the top competitors of ExactSpace?

ExactSpace's top competitors include Altair, TRACTIAN and Cognite. Among them, TRACTIAN secured the most recent funding round in October, 2026.

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

Q: Is ExactSpace an acquired company?

ExactSpace got acquired by Thermax on Feb 27, 2026.

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

Grant (prize money), Jan 31, 2023, $*****

Last Known Valuation

$***** as on Nov 29, 2023

Investors

Thermax & 7 more

Ranked

65^th among 849 active competitors

Annual Revenue

0 - ₹10 Cr as on Mar 31, 2026

Employee Count

55 as on May 01, 2026

Similar Companies

Altair & 1141 more

Exit Details

Acquired by Thermax (Feb 27, 2026)

View ExactSpace's full profile

ExactSpace is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
EXACTSPACE TECHNOLOGIES PRIVATE LIMITED CIN: U72900KA2017PTC108698 , India, Active	Dec 14, 2017	0 - ₹10 Cr (As on Mar 31, 2026)	55 (As on May 01, 2026)

ExactSpace got acquired by Thermax on Feb 27, 2026 at an acquisition amount of $*****.

Click here to take a look at ExactSpace's acquisition in detail

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	2532668	Grant (prize money)	6815883	4252443	9906283	6110235
Jan 13, 2022	7789528	Seed	6487837	1862537	2203361	Shell E4
2019	6649	Grant (prize money)	8156	4032	4332	Startup Karnataka

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View details of ExactSpace's funding rounds and investors

The founders of ExactSpace are Rahul Raghunathan, Arun Jose 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
Arun Jose: Co-Founder of ExactSpace. They serve on the board of 1 company.
Contact Info: 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
Rahul Raghunathan	Team	-	Current	8y 10m
Arun Jose	Team	-	Current	5y 10m

View details of ExactSpace's Founder profiles and Board Members

ExactSpace's employee count trend

ExactSpace has 55 employees as of May 26. The total employee count is 8.0% lower than what it was in May 25. Here is ExactSpace's employee count trend over the years:

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Top competitors of ExactSpace include Altair, TRACTIAN and Cognite. Here is the list of Top 10 competitors of ExactSpace, ranked by Tracxn score:

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	General Atlantic, Shefa Capital & 3 others	81/100
2nd	TRACTIAN 2019, Atlanta (United States), Series D	AI company specializing in predictive maintenance and asset monitoring for manufacturing	$326M	Sapphire Ventures, Next47 & 23 others	72/100
3rd	Cognite 2016, Lysaker (Norway), Acquired	Provider of industrial artificial intelligence and data management platform solutions	$225M	TCV, Accel & 5 others	70/100
4th	Infinite Uptime 2016, Alpharetta (United States), Series C	Provider of prescriptive maintenance solutions for heavy manufacturing	$68.8M	IIML, Ventureast & 21 others	70/100
5th	Algo8 2016, Houston (United States), Public	Provider of industrial artificial intelligence platform for energy and manufacturing sectors	$2.59M	IIT Startups, Startup Incubation and Innovation Centre ... & 3 others	68/100
6th	Augury 2011, New York City (United States), Series F	Provider of IoT and cloud-based machine analytics and predictive maintenance solutions	$369M	Qualcomm Ventures, First Round Capital & 20 others	68/100
7th	Uptake 2014, Chicago (United States), Series D	Cloud-based platform for predictive analytics and asset performance management	$282M	Baillie Gifford, Revolution & 13 others	67/100
8th	Hexagon 1975, Stockholm (Sweden), Public	Provider of digital reality solutions combining measurement, positioning, and autonomous technologies	-	LIFT Ecosystem Accelerator, Aeternum & 7 others	66/100
9th	Flexcompute 2015, United States, Series C	Developer of cloud-based physics simulation software for engineering design applications	$80.7M	Coatue, Samsung Venture Investment & 6 others	65/100
10th	UptimeAI 2019, San Francisco (United States), Series A	Provider of AI reasoning agents for industrial operational excellence solutions	$19M	WestBridge Capital, YourNest & 12 others	62/100
65th	ExactSpace 2018, Bengaluru (India), Acquired	Developer of an AI-powered digital twin platform for industrial operations	$1.4M	Thermax, iDEX & 6 others	41/100

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EXACTSPACE TECHNOLOGIES PRIVATE LIMITED, the legal entity associated with ExactSpace, generated less than ₹10 Cr in revenue for the financial year ending on Mar 31, 2026. The revenue of EXACTSPACE TECHNOLOGIES PRIVATE LIMITED has a compounded annual growth rate (CAGR) of 1% in the last 1 year.

Financial Statement Summary

Metrics	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22
Income Statement
Revenue	1122	6092	1708	4024	8331
Total Sales	6163	6520	3288	4209	3607
Total Expenses	4012	5908	7446	7483	8959
Operating Expenses	7519	1128	9621	1611	7095
Employee Expenses	9996	7990	7731	3506	3577
Operating Income (EBIT)	5669	4058	5445	8627	1800
Interest Expenses	5127	8640	9980	7244	3365
Expenses from other activities	3195	9024	7856	3453	1595
EBITDA	1474	9497	4556	1350	4793
Taxes	7615	4188	5187	2638	8422
Net Profit	2523	1051	1388	7697	9329
Balance Sheet
Assets	3469	9184	2494	8072	3455
Accounts Receivables	9925	2435	6385	8079	2413
Inventory	9063	3268	1600	2158	3176
Liabilities	9422	1935	5698	2707	3924
Total Debt	8688	9659	3815	6980	5769
Accounts Payable	3080	3347	1599	6121	5105
Equities	2924	8890	8616	6971	6790

Detailed Financials (Income Statement, Balance Sheet, Cashflow Statement)

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. The cap table displayed below is for EXACTSPACE TECHNOLOGIES PRIVATE LIMITED which is the legal entity associated with ExactSpace.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	74.99%	49.4Cr	9340656	5264996	9291167	4607509
Rahul Raghunathan	8469492	5017855	9675442	7550802	4660489	8441835
Arun Jose	6823545	6876484	2456524	9048105	7196698	3535165
Boben Anto	3769441	9221661	5702722	8492071	2884394	8841172
Fund	1.96%	1.29Cr	6	1	4	6
Shell E4	5	1	6	7	3	8
Enterprise	15.16%	10Cr	9886582	5313362	9236489	8085790
Other People	3.95%	2.6Cr	482	919	291	853
ESOP Pool	3.95%	2.6Cr	867	479	277	459
Total	100.00%	65.9Cr	4243911	4370396	4422195	4016988