# Incanus Technologies Pvt.

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

- Industry: Education/Training
- Headquarters: Bangalore, India
- Website: www.newtonschool.co
- Total disclosed funding: $31M
- Latest round: Series B (Apr 12, 2022)
- Investors on record: 5

## About

Incanus Technologies Pvt. Ltd., based in Bangalore, India, specializes in AI-driven educational programs, focusing on software development and data science to empower students with the skills necessary for employment in the technology sector.Founded in 2018 and headquartered in Bangalore, India, Incanus Technologies Pvt. Ltd. operates under the brand Newton School, which offers educational programs in tech. The company was co-founded by Amit Manchanda, Nishant Chandra, Riya Jain, and Siddharth Maheshwari. In April 2022, the firm raised USD 24.7 mn in a Series B funding round, led by Steadview Capital Management and included investors such as Nexus Venture Partners and RTP Global. This funding was pivotal for the company, which has completed a total of 4 deals to date.Newton School offers AI-driven, industry-focused educational programs primarily in software development and data science. Their flagship courses include 14-month programs in Data Science and AI, along with 6-8 month programs in Advanced Full Stack Development. These courses feature an updated curriculum tailored to industry needs and provide practical learning through mock interviews, coding exercises, and real-time feedback. The programs serve a diverse audience, including novices and individuals transitioning into tech roles, connecting students with a network of over 800 companies for job placements.In the most recent fiscal year 2024, Incanus Technologies Pvt. Ltd. reported a revenue of USD 2.91 mn, with an EBITDA of USD -5.86 mn, reflecting the company’s investment in scaling its educational offerings and support services for its alumni.Following the Series B funding of USD 24.7 mn raised in April 2022, Incanus Technologies is focusing on expanding its product offerings and geographical reach. New programs are being developed to address emerging technologies and will be launched in the upcoming year. Additionally, the company aims to penetrate international markets, enhancing its presence in regions such as Southeast Asia and the Middle East by 2023, leveraging its funding to bolster marketing efforts and educational infrastructure.

## Funding rounds

- Series B, Apr 12, 2022, $25M — Nexus Venture Partners, RTP Global, Steadview Capital Management, Sama Family Trust
- Series A, Feb 22, 2021, $5.5M — Nexus Venture Partners, RTP Global, QED Innovation Labs
- Seed, Jan 28, 2020, $0.7M — Nexus Venture Partners, Sama Family Trust

## Investors

- Nexus Venture Partners (https://capitalatlas.ai/funds/nexus-venture-partners) — Seed, Series A, Series B
- Sama Family Trust — Seed, Series B
- RTP Global (https://capitalatlas.ai/funds/rtp-global) — Series A, Series B
- QED Innovation Labs — Series A
- Steadview Capital Management (https://capitalatlas.ai/funds/steadview-capital-management) — Series B