# Machfu

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/machfu

- Industry: Software
- Headquarters: Rockville, US
- Website: www.machfu.com
- Total disclosed funding: $5.3M
- Latest round: Series A (Dec 16, 2019)
- Investors on record: 4

## About

Machfu Inc. provides innovative Industrial Internet of Things (IIoT) solutions, enabling the integration of industrial field assets with secure cloud platforms for enhanced operational visibility and decision-making.Founded in 2015 and headquartered in Rockville, US, Machfu Inc. specializes in IIoT solutions. The company has secured USD 3.75 mn in Series A funding as of December 2019, with CSL Capital Management leading the investment. The firm has engaged in a total of 7 deals, primarily focusing on the industrial sector. Prakash Chakravarthi serves as both CEO and Founder of the company, leveraging his previous entrepreneurial experience to drive Machfu's vision.Machfu specializes in Industrial Internet of Things (IIoT) solutions, primarily through its Edge to Enterprise® devices and services that connect industrial field assets to customer applications via secure cloud platforms. Their flagship product offerings include remote monitoring systems that provide real-time visibility into critical operations, enabling users to make informed decisions promptly. Key functionalities of their products include methane monitoring and condition monitoring, which cater to various sectors, including oil and gas and smart grid markets. The core clientele consists of industrial sectors requiring enhanced operational efficiency and compliance with environmental standards. Machfu's solutions are deployed across North America and are increasingly gaining traction in international markets, allowing companies to address challenges such as equipment downtime and resource optimization.Machfu operates primarily on a business-to-business (B2B) model, offering subscription-based services and partnerships that facilitate seamless integration of their IIoT solutions into clients' existing frameworks. The revenue structure is largely driven by contracts for ongoing service and maintenance, along with tiered subscription plans depending on the specific functionalities required by the client. Their product suite, including the Machfu Gateways, is typically bundled with service agreements to ensure clients receive continuous support and upgrades. Revenue generation involves establishing long-term relationships with clients in sectors such as oil and gas, where operational efficiency is paramount, contributing to a stable revenue stream through predictable, recurring sales.Machfu Inc. plans to leverage its recent funding of USD 3.75 mn raised in December 2019 to develop new IIoT products and expand its market presence. The company aims to introduce enhanced monitoring capabilities and integrate AI-driven analytics into its offerings by the end of 2022. Furthermore, it seeks to penetrate international markets, particularly in Europe and Asia, within the next three years, focusing on sectors that require advanced operational solutions.

## Funding rounds

- Series A, Dec 16, 2019, $3.8M — CSL Capital Management, Blu Venture Investors, Texas Ventures, Texas Halo Fund
- Seed, Aug 28, 2017, $1.6M — Blu Venture Investors

## Investors

- Blu Venture Investors (https://capitalatlas.ai/funds/blu-venture-investors) — Seed, Series A
- CSL Capital Management (https://capitalatlas.ai/funds/csl-capital-management) — Series A
- Texas Ventures (https://capitalatlas.ai/funds/texas-ventures) — Series A
- Texas Halo Fund (https://capitalatlas.ai/funds/texas-halo-fund) — Series A