When was Machfu founded?

Machfu was founded in 2015 and raised its 1st funding round 1 year after it was founded.

Where is Machfu located?

Machfu is headquartered in Rockville, United States.

Who is the current CEO of Machfu?

Prakash Chakravarthi of Machfu.

How many employees does Machfu have?

As of Jun 30, 2026, the latest employee count at Machfu is 6.

Is Machfu a funded company?

Machfu is a funded company, having raised a total of $7.06M across 9 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on Feb 22, 2016.

When was the latest funding round of Machfu?

Machfu's latest funding was a $***** Series A round on Apr 20, 2021, with participation from 0 investor.

Where does Machfu rank among its competitors?

Machfu ranks 6th amongst 175 active competitors, of which 18 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was MaintainX, which secured $150M in Mar, 2025.

Who are the top competitors of Machfu?

Machfu's top competitors include MaintainX, Kerlink and metr. Among them, MaintainX secured the most recent funding round in March, 2025.

Machfu - 2026 Company Profile, Team, Funding & Competitors

Company Details

Machfu provides IIoT gateways and platform solutions. It offers an IoT gateway for aggregating sensor data from manufacturing plants through its product "MachGateway". This edge application enables businesses capture data on a cloud through IoT devices like sensors & others. It offers an industrial IoT platform that enables analysis and visualization capabilities on mobile and tablets. This helps in providing the workforce with information regarding field assets.

Website: machfu.com
Social
Email ID: *****@machfu.com
Phone Number: +1 **********

Key Metrics

Founded Year

2015

Location

Rockville, United States

Stage

Acquired

Total Funding

$7.06M in 9 rounds

Latest Funding Round

Series A, Apr 20, 2021, $*****

Investors

Blu Venture Investors & 8 more

Ranked

6^th among 175 active competitors

Employee Count

6 as on Jun 30, 2026

Similar Companies

MaintainX & 212 more

Exit Details

Acquired by New Asia Holdings (Dec 12, 2023)

View Machfu's full profile

Machfu is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
MACHFU INC. CIN: 473216201 , United States, Active	Dec 31, 1999	$1 - $1M (As on Jan 19, 2017)	10 (As on Dec 31, 2024)	-
Machfu Inc CIN: 47321620 , Belgium, Active	Dec 31, 2014	-	14 (As on Dec 31, 2022)	-

Machfu got acquired by New Asia Holdings on Dec 12, 2023.

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

Machfu has raised a total funding of $7.06M over 9 rounds. Its first funding round was on Feb 22, 2016. Machfu has 9 institutional investors.

Here is the list of recent funding rounds of Machfu:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 20, 2021	1058535	Series A	4063764	7778062	7948804	7797062
Dec 16, 2019	6575532	Series A	3689162	9901194	3129274	Blu Venture Investors & 2 more
Oct 12, 2018	9458736	Seed	1732221	2567210	3984564	2521829

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View details of Machfu's funding rounds and investors

The founders of Machfu is Prakash Chakravarthi.

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

Prakash Chakravarthi: Founder & CEO of Machfu and founder of 1 other company.

View details of Machfu's Founder profiles and Board Members

Machfu's employee count trend

Machfu has 6 employees as of Jun 26. Here is Machfu's employee count trend over the years:

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Top competitors of Machfu include MaintainX, Kerlink and metr. Here is the list of Top 10 competitors of Machfu, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	MaintainX 2018, San Francisco (United States), Acquired	Provider of a platform for maintenance and operations management solutions	$254M	Bessemer Venture Partners, Bain Capital Ventures ... & 30 others	71/100
2nd	Kerlink 2004, Brittany (France), Public	Provider of IoT connectivity equipment, software, and services for network deployment	$2.95M	Sodero Gestion, Credit Mutuel Equity & 4 others	65/100
3rd	metr 2017, Berlin (Germany), Series A	Provider of multi-functional gateways for IoT	$6.5M	Mujinzo Labs, WIKA & 11 others	58/100
4th	Xona 2016, Annapolis (United States), Series B	Provider of secure access platform for operational technology and critical systems	$27.6M	Energy Impact Partners, DataTribe & 1 others	56/100
5th	Link Labs 2013, Annapolis (United States), Acquired	Manufacturer of base stations for low-power networking	$19.8M	TCP Venture Capital, Grit Capital Partners ... & 9 others	52/100
6th	Machfu 2015, Rockville (United States), Acquired	Provider of IIoT gateways and platform solutions	$7.06M	TEDCO, DOE & 7 others	49/100
7th	MachineQ 2009, Philadelphia (United States), Unfunded	Provider of IoT connectivity gateways and service platform	-	-	49/100
8th	Option 1986, Leuven (Belgium), Seed	Provider of cloud-based platform for connectivity and security of M2M applications	-	Demtech, Gimv & 2 others	44/100
9th	Vortex IoT 2017, Swansea (United Kingdom), Acquired	Provider of sensors and edge computing IoT gateways	-	Development Bank of Wales, Active Capital ... & 2 others	43/100
10th	Pulse Industrial 2018, Waterloo (Canada), Seed	Provider of AI and IoT-based steam trap monitoring solutions	$1.93M	HAX, Accelerator Centre & 11 others	42/100