How much funding has Carnot Innovations raised?

Carnot Innovations has raised $857K in total funding, most recently a Venture Round.

Who are Carnot Innovations's investors?

Carnot Innovations's investors include 500 Global, Entrepreneur First.

When was Carnot Innovations founded?

Carnot Innovations was founded in 2018.

Where is Carnot Innovations headquartered?

Carnot Innovations is headquartered in Mumbai, Singapore.

What industry is Carnot Innovations in?

Carnot Innovations operates in Data & Analytics, Artificial Intelligence, Clean Tech.

How many employees does Carnot Innovations have?

Carnot Innovations has 51-200 employees.

Carnot Innovations

Acquired

AI-enabled Agri IoT platform for smarter tractors and farming

Mumbai, Singapore · Founded 2018 · $857K raised

Data & Analytics

Artificial Intelligence

Clean Tech

Headquarters: Mumbai
Employees: 51–200
Founded: 2018
Business Model: B2B

Website: www.carnot-innovations.com
Total Funding: $857K
Last Round: $800K Venture RoundSep 2020
Rounds: 3

About

Carnot Technologies is an AI-enabled Agri IoT platform founded in 2015 by IIT Bombay alumni. The company began in connected cars and connected insurance before pivoting to agricultural IoT. Its flagship product, Krish-e Smart (formerly Simha), equips tractors with IoT devices that provide GPS tracking, utilization analytics, and data-driven insights for tractor rental entrepreneurs and farm enterprises. Backed by Mahindra Group (which holds approximately 69% stake) and Qualcomm, Carnot operates across multiple Indian states covering close to 1.5 million acres of farm area per season, serving over 45,000 customers. The company has also expanded into agri-fintech through a partnership with Avanti Finance.

Summary

Carnot Innovations is a Data & Analytics company based in Mumbai, Singapore, founded in 2018. It has raised $857K in total across 3 rounds, most recently a $800K Venture Round round in Sep 2020. Investors include 500 Global and Entrepreneur First.