# Cusmat Technologies Pvt

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cusmat-technologies-pvt

- Industry: Education/Training
- Headquarters: Hyderabad, India
- Website: www.cusmat.com
- Total disclosed funding: $3.3M
- Latest round: Series A (Aug 4, 2022)
- Investors on record: 19

## About

Cusmat Technologies Pvt Ltd. develops interactive 3D simulations and AI-driven performance analytics designed to enhance technician training across multiple industries, including automotive and engineering.Founded in 2016 in Hyderabad, India, Cusmat Technologies Pvt Ltd. specializes in creating simulation-based training programs. The company was co-founded by Anirban Chakravorty and Soumya Harichandan, and it has completed a total of 7 deals as of September 2023. Its latest funding round in September 2023 raised INR 47.70 mn, led by Capria Ventures, contributing to a total amount raised of INR 47.70 mn, with a current company valuation of INR 950.00 mn.Cusmat specializes in interactive 3D simulations and AI-enabled performance analytics tailored for the training and upskilling of technicians in various industries, including automotive, construction equipment, engineering products, and courier services. Their core offerings encompass scalable, simulation-based training programs aimed at enhancing the skills of Original Equipment Manufacturers (OEMs) and dealerships. These programs address the challenges posed by technological advancements such as Electric Vehicles (EVs) and Advanced Driver Assistance Systems (ADAS). The simulations are designed to prepare technicians for complex processes and connected technologies, facilitating consistent learning across multi-location networks. The end-users primarily consist of service technicians and workforce teams involved in repairs, maintenance, and logistics operations, benefiting from reduced training time and improved service quality.Cusmat generates revenue through a B2B model, offering subscription-based access to their training platforms and simulation tools. In 2023, the company reported revenue of INR 218,350.90 and an EBITDA of INR -676,200.30. Clients engage with Cusmat to subscribe to training programs that provide comprehensive analytics and performance insights for their workforce. The company's pricing plans are designed to offer flexibility and scalability, allowing clients to customize their training experiences based on specific needs. Cusmat's flagship product includes their interactive 3D simulation training modules, which can be rapidly deployed and adapted based on individual organizational requirements, thereby ensuring a measurable return on investment for clients.In September 2023, Cusmat Technologies Pvt Ltd. plans to expand its offerings and enter new markets. The company is developing additional products aimed at enhancing training capabilities and intends to launch these innovations by mid-2024. The recent funding round will support these initiatives, allowing Cusmat to enhance its technology and reach into new geographic regions, including North America and Europe, by the end of 2024. Additionally, in the same month, Venture Catalysts exited its stake in Cusmat Technologies for an undisclosed amount.

## Funding rounds

- Series A, Aug 4, 2022, $3M — Better Capital, Mumbai Angels, MapMyIndia, Venture Catalysts, Capria Ventures, Z Nation Lab, Arkam Ventures, KiaOra Ventures, 100Unicorns, We Founder Circle, Malacca Ventures, Dholakia Ventures, Unitary Fund, Authum Investment & Infrastructure Ltd, Legacy Assets LLP, AL trust, Fashion Fit LLP
- Seed, Mar 30, 2020, $0.2M — MapMyIndia, Venture Catalysts, Better Capital, Multiply Ventures, Icebreaker Tech, 100Unicorns

## Investors

- MapMyIndia — Seed, Series A
- Venture Catalysts (https://capitalatlas.ai/funds/venture-catalysts) — Seed, Series A
- Better Capital — Seed, Series A
- Multiply Ventures (https://capitalatlas.ai/funds/multiply-ventures) — Seed
- Icebreaker Tech (https://capitalatlas.ai/funds/icebreaker-tech) — Seed
- 100Unicorns (https://capitalatlas.ai/funds/100unicorns) — Seed, Series A
- Mumbai Angels (https://capitalatlas.ai/funds/mumbai-angels) — Series A
- Capria Ventures (https://capitalatlas.ai/funds/capria-ventures) — Series A
- Z Nation Lab (https://capitalatlas.ai/funds/z-nation-lab) — Series A
- Arkam Ventures (https://capitalatlas.ai/funds/arkam-ventures) — Series A
- KiaOra Ventures (https://capitalatlas.ai/funds/kiaora-ventures) — Series A
- We Founder Circle (https://capitalatlas.ai/funds/we-founder-circle) — Series A
- Malacca Ventures — Series A
- Dholakia Ventures (https://capitalatlas.ai/funds/dholakia-ventures) — Series A
- Unitary Fund — Series A
- Authum Investment & Infrastructure Ltd — Series A
- Legacy Assets LLP — Series A
- AL trust — Series A
- Fashion Fit LLP — Series A