Tech Mahindra
Gateway Building, Apollo Bunder, Mumbai, Maharashtra, 400001, India
Overview
Tech Mahindra is a global systems integrator and is a part of the Mahindra Group. Tech Mahindra represents the connected world, offering innovative and customer-centric information technology services and solutions, enabling Enterprises, Associates, and Society to Rise. They are a USD 4 billion company with 107,200+ professionals across 90 countries, helping over 818 global customers including Fortune 500 companies. Tech Mahindra is also amongst the Fab 50 companies in Asia as per the Forbes 2015 List.
- Total investments
- 4
- Lead investments
- 2
- Investments · 12mo
- 0
- Active investors
- 10
Sector focus
- Artificial Intelligence (AI)
- Blockchain
- Consulting
- Network Security
- Telecommunications
Investment portfolio
- Surance.io
Led · Series A · Apr 2022
Surance.io offers a preventive cyber‑safety insurance policy that combines 24/7 AI and human response in case of attack. Its app provides users with security plans, safety alerts, three‑tier claim management, loyalty programs and ad hoc services. The company provides a white‑label full‑stack solution allowing insurer carriers, telcos and other partners to launch a cyber protection product backed by insurance within a few weeks. Surance.io says partners gain improved customer retention, increased cross‑buying intentions, enhanced trust and affective commitment, and higher renewal rates. The company closed a US$4M Series A in April 2022 and said the investment will support global expansion. Surance.io is led by CEO Eyal Paltin.
- Altiostar Networks
Participated · Series C · May 2019
Altiostar provides open virtualized RAN (Open vRAN) software ready for 5G that supports open interfaces and separates hardware from software. Its solution runs on x86 COTS servers and supports macro and small cells for indoor and outdoor deployments. The platform includes interference management, carrier aggregation and dual reception to improve network efficiency and user experience. Operators can add intelligence, rapidly adapt software for different services, automate operations and scale networks quickly. Altiostar has tested its virtualized RAN with commercial traffic in collaboration with multiple operators and was selected by the Telco Infra Project as a leading platform for Latin America. Through its partnership with Telefónica, Altiostar aims to accelerate adoption of open, cloud‑native RAN architectures and help build an open multi‑vendor ecosystem. Altiostar provides a 5G-ready virtualized RAN software solution that supports open interfaces and disaggregates hardware from software to enable open multi-vendor, web-scale networks. Its platform supports macro and small cells for indoor and outdoor deployments and includes interference management, carrier aggregation and dual reception to improve network efficiency and user quality of experience. Operators can add intelligence, adapt the software for different services and automate operations to scale the network. Led by president and CEO Ashraf M. Dahod, the company is based in Tewksbury, MA. In August 2019 Altiostar closed a $114M Series C financing. The company intends to use the funds to expand its solution. Altiostar Networks develops networking technology aimed at improving LTE networks and emerged from stealth in November. The company is led by CEO Ashraf Dahod, who previously founded Starent Networks. Altiostar is based in Tewksbury, Massachusetts. It has disclosed multiple financings, including a $50 million raise announced in January and a $20 million addition to that latest round. According to SEC filings, the firm has now raised $140 million in equity funding since 2012. Investors have included Cisco Systems, Excelestar Ventures and the company’s founders. The company’s public disclosures to the SEC have been the source of its reported fundraising totals. Altiostar is building an array of solutions for the mobile broadband industry. The company says its vision is to enhance the communications experience and reduce the cost of technology. It describes a highly experienced team working on innovative ideas and is recruiting people with wireless broadband technology experience. Altiostar filed with the Securities and Exchange Commission reporting a $10.5 million raise in its second round of venture capital. The filing notes four separate investors participated in the offering.
- TradeIX
Participated · Series A · Jun 2018
TradeIX operates the Marco Polo Network, an open platform that uses distributed ledger technology to facilitate the flow of goods, money, credit, transactions and trade-related information within a secure environment for global trade. The company is led by CEO and co-founder Robert Barnes and serves as a technology provider and network operator for the Marco Polo Network. Financial institutions and corporations including BNY Mellon, Bank of America, BNP Paribas, Commerzbank, ING, LBBW, Standard Chartered Bank, AIG, Oracle and DHL work with TradeIX. As part of a partnership with Accenture, TradeIX plans to expand use cases beyond banking to address buyers and sellers and to develop touchless finance processes such as procure-to-pay and order-to-cash. The initiative will broaden the Marco Polo Network to include buyers, suppliers, logistics and other entities, with Accenture acting as a preferred implementation partner for the Marco Polo Platform. TradeIX has offices in Dublin, London, Kettering and Singapore and operations in Germany and the US. TradeIX offers a decentralized, API-driven open platform for trade finance that leverages blockchain technology to connect with existing trade platforms and applications. The platform is designed so each client can add it to their existing systems to improve connectivity across the wider trade ecosystem. TradeIX has established partnerships with various banks, corporates and ERP providers and works with enterprise software firm R3 on the Marco Polo initiative to develop distributed-ledger use in trade transactions. Led by CEO and Founder Rob Barnes, the company operates from offices in London, with additional offices in Dublin and Singapore. In June 2018 TradeIX closed a $16M Series A to support its growth. The company intends to use the funds to accelerate hiring, speed customer acquisition, and invest in further development of its open platform.
- Fixstream Networks Inc
Led · Series A · Jun 2014
Fixstream Networks provides a software platform focused on big-data correlation and analytics. Founded in May 2013 by Sameer Padhye, the company is headquartered in San Jose, CA. Its platform integrates data from applications and infrastructure sources to deliver end-to-end visibility and assurance. The technology targets service provider and enterprise datacenters as well as cloud environments. Fixstream closed a $10M Series A financing round in May 2014. The round was led by Tech Mahindra Limited.