# Flutura Business Solutions Pvt.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/flutura-business-solutions-pvt

- Industry: Software
- Headquarters: Bangalore, India
- Website: www.fluturasolutions.com
- Total disclosed funding: $7.6M
- Latest round: Series A (Feb 3, 2017)
- Investors on record: 5

## About

Flutura Business Solutions Pvt. Ltd. is an India-based technology company specializing in advanced analytics and AI solutions for industrial sectors, enhancing efficiency and decision-making through innovative software platforms.Founded in 2012 and headquartered in Bangalore, India, Flutura Business Solutions Pvt. Ltd. develops AI-driven analytics for various industries. The firm was co-founded by Derick Jose, Krishnan Raman, and Matan Feldman, with Krishnan Raman serving as the CEO. In March 2023, the company successfully raised INR 63.95 mn in a Series A funding round led by Hitachi, which is part of a total amount raised of INR 63.95 mn and a current valuation of INR 3,518.20 mn. The company has participated in 4 deals to date, with the most recent deal occurring on March 20, 2023.Flutura Solutions specializes in offering advanced analytics and artificial intelligence solutions, primarily for the oil and gas, manufacturing, and energy sectors. Their software platforms focus on enhancing operational efficiency, predictive maintenance, and facilitating data-driven decision-making. Utilizing machine learning and IoT integration, Flutura's products help clients optimize processes and decrease costs across a diverse client base, including large enterprises and mid-sized companies. The company operates in North America, Europe, and select regions in Asia, aiming to transform client data into strategic advantages.In the most recent year, Flutura Solutions reported a revenue of INR 5,293,331.80 and an EBITDA of -INR 575,397.40. The company's revenue model is primarily subscription-based, fostering long-term client contracts that facilitate ongoing support and updates. Their offerings typically include comprehensive packages consisting of software licenses, implementation services, and training, creating a seamless experience for customers to leverage Flutura's technologies.In March 2023, Accenture announced its intention to acquire Flutura Business Solutions Pvt. Ltd. from its investors, Lumis Partners, The Hive, Vertex Ventures, and Hitachi. This acquisition aims to expedite Accenture's AI-based transformations for clients globally, contingent on certain closing conditions. Utilizing the recent funding, Flutura plans to enhance its product offerings and expand its reach into new markets, focusing on augmenting its presence in key regions to optimize client engagement.

## Funding rounds

- Series A, Feb 3, 2017, $7.6M — Vertex Ventures Southeast Asia & India, Lumis Partners, The Hive, pi Ventures, KAAJ Ventures
- Seed, Nov 21, 2013 — The Hive

## Investors

- The Hive (https://capitalatlas.ai/funds/the-hive) — Seed, Series A
- Vertex Ventures Southeast Asia & India (https://capitalatlas.ai/funds/vertex-ventures-southeast-asia-india) — Series A
- Lumis Partners (https://capitalatlas.ai/funds/lumis-partners) — Series A
- pi Ventures (https://capitalatlas.ai/funds/pi-ventures) — Series A
- KAAJ Ventures (https://capitalatlas.ai/funds/kaaj-ventures) — Series A