Fundraising FoxMachfu
Rockville, US · Delaware corporation · 7 known investors
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Machfu offers MachIO, LoRaWAN-enabled edge hardware that connects sensors in remote or harsh environments to an existing LoRaWAN network. It serves industrial verticals including oil and gas, manufacturing, energy, and water.
Founders & leadership
CS
Chinmay SheteVP of Services & PlatformChinmay Shete is an engineering professional with over 20 years of experience who previously served as Vice President of Engineering at Machfu, an IoT startup in Rockville, Maryland, and currently works at the U.S. Census Bureau modernizing survey processing systems on AWS GovCloud. He holds expertise in cloud platforms including AWS, Azure, and GCP, as well as embedded firmware development.
MB
M. B. AnandProduct Architect
Board
AJ
Abhinav JainVenture Investor and Board Director2019–2024Co-Founder and Managing Partner at Titanium Innovation Investments
PK
Investors · 7
Maryland TEDCOlisted by Maryland TEDCOColumbia · $500K – $1.5M
How we know: Maryland TEDCO's portfolio page · Not right? Tell us
Blu Venture InvestorsreportedWashington · $50K – $3M
How we know: a partner's Signal profile · funding news · press coverage · Not right? Tell us
Texas VenturesreportedHouston
How we know: pulse2.com · Not right? Tell us
Also in the syndicate · 2
Blu VenturesCSL Ventureslead
Funding
SEC filings, press & company announcements$6.5M disclosed across 6 of 7 rounds · 2016–2023
- $3.8MSeries ADec 2019 · 2 sources
CSL Ventures (lead), Blu Ventures, Texas Halo Fund, Texas Ventures
Source ↗
▶$500KraisedJul 2023 · 9 investors · Other TechnologyRule 506(b)
▶$500KraisedJul 2023 · 9 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Tim WinterExecutive Officer, Director
- Pradeep KaulDirector
- Prakash ChakravarthiExecutive Officer, Director
- Abhinav JainDirector
- Offering amount
- $1.2M
- Amount sold
- $500K
- Minimum investment
- $10K
- First sale
- Jun 2023
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$350KraisedApr 2021 · 6 investors · Other TechnologyRule 506(b)
▶$350KraisedApr 2021 · 6 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Abhinav JainDirector
- Prakash ChakravarthiExecutive Officer, Director
- Tim WinterExecutive Officer, Director
- Pradeep KaulDirector
- Offering amount
- $1.5M
- Amount sold
- $350K
- Minimum investment
- $10K
- First sale
- Apr 2021
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$451.5KraisedOct 2018 · 2 investors · Other TechnologyRule 506(b)
▶$451.5KraisedOct 2018 · 2 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Prakash ChakravarthiExecutive Officer, Director
- Tim WinterExecutive Officer, Director
- Pradeep KaulDirector
- Amount sold
- $451.5K
- Minimum investment
- $10K
- First sale
- Oct 2018
- Incorporated
- Corporation, Delaware, 2015
- Federal exemptions
- 06b
▶$906.3KraisedAug 2017 · 2 investors · Other TechnologyRule 506(b)
▶$906.3KraisedAug 2017 · 2 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Tim WinterExecutive Officer, Director
- Prakash ChakravarthiExecutive Officer, Director
- Pradeep KaulDirector
- Offering amount
- $1.2M
- Amount sold
- $906.3K
- Minimum investment
- $10K
- First sale
- Jul 2017
- Incorporated
- Corporation, Delaware, 2015
- Federal exemptions
- 06b
▶$550KraisedJan 2017 · 1 investors · Other TechnologyRule 506(b)
▶$550KraisedJan 2017 · 1 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Prakash ChakravarthiExecutive Officer, Director
- Offering amount
- $1.5M
- Amount sold
- $550K
- Minimum investment
- $10K
- First sale
- Jan 2016
- Incorporated
- Corporation, Delaware, 2015
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Related companies · 2
TelitTelit designs and manufactures telecommunications terminal equipment and M2M (machine-to-machine) modules for industrial and IoT applications. The company serves customers globally and operates under strict quality, environmental, and security compliance standards.
Link LabsLink Labs builds IoT-based real-time location and asset-tracking systems that provide indoor and outdoor visibility of equipment, inventory, and personnel for manufacturing and logistics operations. Its platform combines multiple location technologies with sensor-equipped tags to monitor location, condition, and behavior of enterprise assets.
Companies working in the same space as Machfu.
Non-dilutive funding · 3 SBIR/STTR awards
Federal grants — no equity taken| Agency | Phase | Year | Amount |
|---|---|---|---|
| Department of Energy | Phase II | 2019 | $993.9K |
| Department of Energy | Phase II | 2017 | $1000K |
| Department of Energy | Phase I | 2016 | $149.9K |
Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.
Frequently asked questions
- What does Machfu do?
- Machfu offers MachIO, LoRaWAN-enabled edge hardware that connects sensors in remote or harsh environments to an existing LoRaWAN network. It serves industrial verticals including oil and gas, manufacturing, energy, and water.
- Who founded Machfu?
- Machfu was founded by Prakash Chakravarthi.
- Who are Machfu's investors?
- Machfu's investors include Maryland TEDCO, TEDCO, Texas HALO Fund, Blu Venture Investors, Texas Ventures.
- How much funding has Machfu raised?
- Machfu has disclosed $6.5M raised across 6 of its 7 known rounds.
- Where is Machfu headquartered?
- Machfu is headquartered in Rockville, US.