# Invention Labs Engineering Pvt.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/invention-labs-engineering-pvt

- Industry: Education/Training
- Headquarters: Chennai, India
- Website: www.avazapp.com
- Total disclosed funding: $0.6M
- Latest round: Seed (Apr 21, 2014)
- Investors on record: 2

## About

Invention Labs Engineering Pvt. Ltd. specializes in developing innovative communication and learning applications for individuals with special needs, enhancing their ability to express themselves effectively.Founded in Chennai, India, Invention Labs Engineering Pvt. Ltd. focuses on creating assistive technology that facilitates communication for users with speech and language challenges. The company secured its first funding in April 2014 through a Seed round led by Inventus Capital Partners, raising USD 0.55 mn, with participation from Mumbai Angels and prominent individuals like Rajan Anandan and Raju Reddy. Narayanan Ramakrishnan serves as the CEO, bringing expertise in technology and development to the company.Invention Labs Engineering Pvt. Ltd. offers a variety of specialized applications aimed at enhancing communication for individuals with special needs. Their flagship product, Avaz AAC, is a picture-based communication tool that allows users to articulate their thoughts, emotions, and needs in an accessible manner. Additionally, Avaz provides complementary products such as Avaz FreeSpeech and Avaz Reader to address diverse communication requirements. The company caters to a wide range of users, including parents, educators, and therapists across North America, Europe, and select regions in Asia, focusing on improving self-expression and learning outcomes.In the most recent fiscal year 2023, Invention Labs Engineering Pvt. Ltd. reported revenue of USD 300,407.80 and an EBITDA of USD 3,065.10. Their revenue model includes subscriptions and partnerships with educational institutions and healthcare providers, allowing flexible access to their products and ensuring ongoing support and updates for users.Invention Labs Engineering Pvt. Ltd. aims to expand its product offerings and geographical reach. Recent funding from the Seed round in April 2014 will support the development of new features for their existing applications and potential new product launches in the upcoming years. The company is also looking to penetrate additional markets in Asia and Europe by the end of 2024. The strategic plan focuses on leveraging technology partnerships and enhancing user engagement through innovative services like Avaz Certified Educator and Teletherapy options.

## Funding rounds

- Seed, Apr 21, 2014, $0.6M — Inventus Capital Partners, Mumbai Angels

## Investors

- Inventus Capital Partners (https://capitalatlas.ai/funds/inventus-capital-partners) — Seed
- Mumbai Angels (https://capitalatlas.ai/funds/mumbai-angels) — Seed