Mission 2030 Digitise, Robotise and Decarbonise 1000 Industrial Enterprises
MaxByte, a Fund–II portfolio company of Pontaq, is a leading Industrial Internet of
Things (IIoT) solutions company focused on optimising operations, maximising
revenue and increasing efficiency for the equipment manufacturing industry. This
hardware and software driven company offers end to end solutions ranging from
robots, sensors, communication gateways to cloud software applications and
analytics.
Started in Coimbatore by 5 founders, MaxByte now has over 120 employees
spread across India, UAE & UK. Their clients run across 5 major sectorsAerospace & Defense, Automotive, Refrigeration, Industrial Capital Goods and
Energy & Utilities.
Having already provided Angel Exits between 5x-10x, MaxByte is now focussing
on their Carbon Footprint Platform to deliver leading sustainability solutions to
clients across the globe. They are on the path to a 2.9x growth in revenue from
$1.2 M in FY22-23 to a projected $5M+ in FY23-24. The firm has already clocked
$0.5M in the first quarter of FY 23-24 itself and is on track to deliver $2M in Q2 of
this year.
After successfully expanding their operations into the UAE, UK, and USA,
MaxByte aims to further scale its activities by acquiring clients from a broader
spectrum of industries.
As Ramshankar, founder of MaxByte quotes “Pontaq came in our pre-series A
round. Pontaq has played an integral part in shaping our go-to-market activities.
Especially our strategy for acquiring clients in the UK as well as establishing
connections with the Mayor of Manchester and London. Our current focus lies on
acquiring new clients across UK and USA and we are sure of gaining Pontaq’s
assistance to carve out the way forward.”
With 2 secured patents and 3 international patents pending, innovation lies at the
core of Maxbyte. Trusted by large enterprises across the globe, the firm has
already delivered 150+ successful projects and won 14+ awards.
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To learn more about MaxByte, visit www.maxbyte.co
