# Maximl Labs Pvt.

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

- Industry: Software
- Headquarters: Chennai, India
- Website: http://www.maximl.com
- Total disclosed funding: $1.5M
- Latest round: Seed (Jan 29, 2021)
- Investors on record: 2

## About

Maximl Labs Pvt. Ltd. provides innovative solutions for operational efficiency and safety in frontline industries through their Connected Worker Platform, enhancing communication and workflow across diverse sectors.Founded in 2016 in Chennai, India, Maximl Labs Pvt. Ltd. focuses on improving operational safety and efficiency through its technology solutions. The company was established by Ajaykrishnan Jayagopal, Manish Arora, and Pankaj Pawan, with Pankaj Pawan serving as the CEO. In January 2021, they raised INR 40.7 million in Seed funding from Axilor Ventures and Nexus Venture Partners, bringing the total amount raised to INR 40.7 million and resulting in a current company valuation of INR 336.046 million.Maximl specializes in providing a Connected Worker Platform that enhances operational efficiency and safety for frontline workers across various industries, including oil and gas, power, metals and mining, chemicals, and pharmaceuticals. The platform digitizes and standardizes workflows, enabling seamless communication between different departments and stakeholders involved in operational processes. Key functionalities include intelligent asset inspection, maintenance management, e-permit to work solutions, and operator rounds. Their client base includes major industry players such as BPCL, Indian Oil, and Reliance Industries, who utilize these solutions across Southeast Asia, Europe, and the Americas.In the year 2022, Maximl reported revenue of INR 1,272,122.6 and an EBITDA of INR 37,984.2. Their revenue model is primarily subscription-based, providing clients with ongoing access to their suite of digital tools tailored for complex industrial environments.Maximl Labs Pvt. Ltd. intends to leverage the INR 40.7 million raised in January 2021 to support the development of new products and expand their market presence. The company is actively working on enhancing its Connected Worker Platform with upcoming features designed for more efficient asset monitoring and management solutions, aiming for a release by late 2023. Additionally, Maximl plans to expand into new geographic markets, specifically targeting operations in North America and Europe by 2024.

## Funding rounds

- Seed, Jan 29, 2021, $0.6M — Nexus Venture Partners, Axilor Ventures
- Seed, Sep 20, 2018, $0.9M — Nexus Venture Partners, Axilor Ventures

## Investors

- Nexus Venture Partners (https://capitalatlas.ai/funds/nexus-venture-partners) — Seed
- Axilor Ventures (https://capitalatlas.ai/funds/axilor-ventures) — Seed