When was Frigate founded?

Frigate was founded in 2011 and raised its 1st funding round 11 years after it was founded.

Where is Frigate located?

Frigate is headquartered in Tiruchirappalli, India. It is registered at Plot No. 10A, First Floor, V.V.Complex, Prakash Nagar Extension, Thiruverumbur, Tiruchirappalli, Tiruchirappalli, Tamil Nadu, India, 620013.

Who is the current CEO of Frigate?

Vasanthan Tamizhinian of Frigate. They have also founded 1 company.

Which legal entities is Frigate associated with?

Frigate is associated with FRIGATE ENGINEERING SERVICES PRIVATE LIMITED.

How many employees does Frigate have?

As of Aug 31, 2025, Frigate has 45 employees, reflecting a 8% year-over-year decline in headcount.

Is Frigate a funded company?

Frigate is a funded company, having raised a total of $1.68M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Apr 12, 2022.

How much is Frigate worth?

The latest valuation of Frigate is $***** as of Nov 11, 2023. This marks a decline of 1% from its peak valuation of $6.66M in Apr, 2022. This marks a decline of 1% from its peak valuation of $6.66M in Apr, 2022.

When was the latest funding round of Frigate?

Frigate's latest funding was a $***** Seed round on May 03, 2023, with participation from 8 investors. Its primary sector is Manufacturing Tech. In India, the Manufacturing Tech sector has seen $139M in funding in 2026 to date.

What is the annual revenue of Frigate?

Annual revenue of Frigate is between ₹10 Cr and ₹50 Cr as on Mar 31, 2025

Where does Frigate rank among its competitors?

Frigate ranks 33rd amongst 881 active competitors, of which 50 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was CapGrid Solutions, which secured $4.87M in Oct, 2026.

Who are the top competitors of Frigate?

Frigate's top competitors include Zetwerk, Caracol AM and Xometry. Among them, CapGrid Solutions secured the most recent funding round in October, 2026.

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

Company Details

Manufacturer of precision metal plastic electrical and assembly industrial components. Operations include machining casting forging sheet metal fabrication and injection molding processes. Production capabilities cover enclosures heat sinks wiring harnesses transformers busbars and various mechanical parts for critical applications. Technical services include design for manufacturability and reverse engineering to support production requirements. Finished goods undergo inspection and validation to meet technical specifications.

Website: frigate.ai
Social
Email ID: *****@frigate.ai
Phone Number: +91 **********
Registered Address: Plot No. 10A, First Floor, V.V.Complex, Prakash Nagar Extension, Thiruverumbur, Tiruchirappalli, Tiruchirappalli, Tamil Nadu, India, 620013

Key Metrics

Founded Year

2011

Location

Tiruchirappalli, India

Stage

Seed

Total Funding

$1.68M in 2 rounds

Latest Funding Round

Seed, May 03, 2023, $*****

Post Money Valuation

$***** as on Nov 11, 2023

Investors

Arali Ventures & 26 more

Ranked

33^rd among 881 active competitors

Annual Revenue

₹10 - ₹50 Cr as on Mar 31, 2025

Employee Count

45 as on Aug 31, 2025

Similar Companies

Caracol AM & 139 more

View Frigate's full profile

Frigate is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
FRIGATE ENGINEERING SERVICES PRIVATE LIMITED CIN: U31900TN2021PTC141899 , India, Active	Mar 09, 2021	₹10 - ₹50 Cr (As on Mar 31, 2025)	43 (As on May 01, 2026)

Frigate has raised a total funding of $1.68M over 2 rounds. Its first funding round was on Apr 12, 2022. Its latest funding round was a Seed round on May 03, 2023 for $*****. 8 investors participated in its latest round. Frigate has 9 institutional investors and 18 angel investors.

Here is the list of recent funding rounds of Frigate:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 03, 2023	1746473	Seed	2324469	8876397	2103249	8825984
Apr 12, 2022	8649118	Seed	7490783	4996421	Vel Kanniappan	Srinath Ramakkrushnan & 15 more

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View details of Frigate's funding rounds and investors

The founders of Frigate are Iniyavan Vasanthan, Vasanthan Tamizhinian, Karthikeyan Prakash and Chandrasekar C. Vasanthan Tamizhinian is the CEO of Frigate.

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

Iniyavan Vasanthan: Co-Founder of Frigate. They serve on the board of 1 company.
Contact Info: 1 email address and 1 phone number
Vasanthan Tamizhinian: Founder & CEO of Frigate and founder of 1 other company. They serve on the board of 1 company.
Contact Info: 2 email addresses and 1 phone number
Karthikeyan Prakash: Former Co-Founder & CPO of Frigate.
Chandrasekar C: Co-Founder & Chief Sales Officer (CSO) of Frigate.

Frigate's Board of Directors

Frigate's board has 3 active members. Iniyavan Vasanthan and Vasanthan Tamizhinian are part of team and Arun Raghavan is independent board member.

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

Name	Type	Representing	Status	Duration
Iniyavan Vasanthan	Team	-	Current	4y 7m
Vasanthan Tamizhinian	Team	-	Current	5y 7m
yssxvdf	Independent board member	-	Past	7y 6m

View details of Frigate's Founder profiles and Board Members

Frigate's employee count trend

Frigate has 45 employees as of Aug 25. The total employee count is 8.0% lower than what it was in Aug 24. Here is Frigate's employee count trend over the years:

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Top competitors of Frigate include Zetwerk, Caracol AM and Xometry. Here is the list of Top 10 competitors of Frigate, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Zetwerk 2018, Bengaluru (India), Series F	Manufacturer of industrial components for energy electronics and aerospace sectors	$931M	Greenoaks, Lightspeed & 85 others	71/100
2nd	Caracol AM 2017, Lomazzo (Italy), Series B	Manufacturer of large format additive manufacturing technologies and industrial 3D printing solutions	$55.7M	Neva SGR, Omnes Capital & 7 others	71/100
3rd	Xometry 2013, Washington, DC (United States), Public	Provider of on-demand custom manufacturing platform for prototypes and production parts	$200M	Greenspring Associates, BMW i Ventures & 20 others	69/100
4th	Fictiv 2013, San Francisco (United States), Acquired	Provider of on-demand manufacturing services, from prototyping to production	$192M	G2 Venture Partners, Standard Industries ... & 16 others	68/100
5th	Ethereal Machines 2014, Bengaluru (India), Series B	Provider of on demand manufacturing services for industrial machines	$52M	Blume Venture, Lotus Investment & 57 others	67/100
6th	Hadrian 2021, Torrance (United States), Series D	Manufacturer of precision components and automated factory systems	$1.99B	Lux Capital, Founders Fund & 43 others	67/100
7th	Immensa 2016, Dammam (Saudi Arabia), Series B	Provider of digital inventory and additive manufacturing solutions for spare parts	$27M	Alturki Ventures, Global Ventures & 8 others	65/100
8th	Vulcan Forms 2015, Newburyport (United States), Series D	Provider of industrial metal additive manufacturing system	$576M	Eclipse, Industry Ventures & 9 others	65/100
9th	Proto Labs 1999, Maple Plain (United States), Public	Provider of rapid prototyping and on-demand production manufacturing services	$52.2M	Guidepost Growth Equity, North Bridge Venture Partners ... & 1 others	64/100
10th	CapGrid Solutions 2021, Gurugram (India), Series A	Manufacturer of precision components for automotive and industrial equipment sectors	$18.9M	Anicut Capital, Nexus Venture Partners & 14 others	63/100
33rd	Frigate 2011, Tiruchirappalli (India), Seed	Manufacturer of precision metal plastic electrical and assembly industrial components	$1.68M	Capital-A, Java Capital & 25 others	46/100

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Founders (largest shareholder) own 47.22%, Funds own 18.72%, Enterprises own 1.05% and Angels own 7.90%. The net worth of Frigate's founders is INR 26Cr as of Nov 11, 2023. The cap table displayed below is for FRIGATE ENGINEERING SERVICES PRIVATE LIMITED which is the legal entity associated with Frigate.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	47.22%	26Cr	6043097	1610914	9538099	5101908
Vasanthan Tamizhinian	9358511	9745462	7249249	4438056	2104547	8201791
Iniyavan Vasanthan	5106	2656	2912	9678	6842	5221
Fund	18.72%	10.3Cr	7650739	3102659	9852329	7351141
Arali Ventures	9047187	7589186	2202388	5640965	5873165	4329879
Java Capital	94	65	18	52	31	16
Enterprise	1.05%	57.5L	8	6	8	5
Angel	7.90%	4.35Cr	4017211	6073416	9646216	2860844
Vel Kanniappan	3	2	4	2	8	4
Srinath Ramakkrushnan	0	0	0	0	0	0
Other People	15.33%	8.43Cr	9855155	2789028	6883659	1833360
ESOP Pool	9.79%	5.38Cr	5695393	7318237	7621646	6455367
Total	100.00%	55Cr	5271991	3660391	3513347	2922545