ExactSpace
ExactSpace Technologies is a Bangalore-based industrial AI company that sells Pulse, an AI-powered Digital Twin platform for predictive maintenance and process optimization. It serves industrial OEMs and operators across power, cement, metals & mining, and oil & gas, with deployments in 60+ plants globally and is now a 51%-owned subsidiary of Thermax Limited.
- Company typePrivate
- Founded2019
- HeadquartersBangalore, India
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What ExactSpace does
ExactSpace Technologies Pvt. Ltd. is a Bangalore-based industrial AI company (founded 2018/2019) that builds and sells Pulse, an AI-powered Digital Twin platform serving industrial OEMs and plant operators. Pulse combines two modules — Asset Twin for predictive maintenance and root-cause diagnostics, and Process Twin for AI-driven setpoint optimization using ensemble neural network transformer models — supported by a Zero-Code Predictive Modeling Engine, a Smart Diagnostic Engine, and a pre-built Digital Twin Library covering 50+ asset classes including boilers, turbines, condensers, chillers, compressors, and pumps. Pulse Edge provides connectivity to OPC DA/UA, Modbus, MQTT, Historians, and ODBC/JDBC sources, enabling cloud-agnostic deployment on-premise or in private/public cloud.
The company targets OEMs (machine builders needing aftermarket service and spares forecasting) and Industrial Operators (power, cement, metals & mining, oil & gas) with quantified outcomes including up to 25% reduction in unplanned failures, up to 5% carbon footprint reduction, up to 0.75% boiler efficiency improvement, and 1.5 Kcal/kWh heat rate improvements. Named enterprise customers include BHEL, Hindalco, Adani, Ultratech Cement, Vedanta, ONGC, Malakoff, and ABB, with deployments in over 60 plants across 5 countries, 1,000+ connected assets, and 50,000+ live sensors.
ExactSpace generates revenue via annual enterprise SaaS subscriptions bundled with implementation services, with quote-based pricing rather than published tiers. Go-to-market is direct enterprise sales with a consultative demo-led motion. The company raised $1.4M seed funding from Thermax Limited in February 2022; in February 2026 Thermax acquired a 51% controlling stake for ₹30.48 crore, making ExactSpace a subsidiary with an option for Thermax to acquire the remaining 49% after three years. The company holds ISO 27001:2022 and ISO 9001:2015 certifications and has received recognition from the Indian Ministry of Defence, MeitY, and UNIDO FLCTD.
ExactSpace firmographics
Firmographics- Name
- ExactSpace
- Legal name
- ExactSpace Technologies Pvt. Ltd.
- Website
- https://exactspace.co
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- ExactSpace Technologies is a Bangalore-based industrial AI company that sells Pulse, an AI-powered Digital Twin platform for predictive maintenance and process optimization. It serves industrial OEMs and operators across power, cement, metals & mining, and oil & gas, with deployments in 60+ plants globally and is now a 51%-owned subsidiary of Thermax Limited.
- Ownership category
- akta.pro rank
ExactSpace industry classification
Industry- Product category
- Industrial AI Software
- NAICS
- Computer Systems Design and Related Services (54151)
- SIC
- Services-Computer Integrated Systems Design (7373)
- akta.pro primary industry
- Digital Twin for Manufacturing & Production Optimization (IMAIAMAO)
Keywords
Where ExactSpace is headquartered
LocationHeadquarters
- HQ city
- Bangalore
- HQ country
- India
- HQ region
- Asia
Offices1 record
Markets served
ExactSpace business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Pulse Digital Twin Platform Subscription: SaaS-based subscription model for AI-powered digital twin platform. Includes predictive asset management, process optimization, and diagnostic capabilities deployed on cloud or on-premise.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Custom enterprise pricing based on deployment scope, asset count, and functionality requirements. |
Go-to-market motion2 records
Distribution channels1 record
Marketing channels5 records
ExactSpace product offering
Product offeringCore offering
ExactSpace offers Pulse, an AI-powered Digital Twin platform that combines Asset Twin and Process Twin capabilities for industrial operators and OEMs. The platform uses predictive analytics, machine learning models, and Industrial IoT connectivity to predict equipment failures, diagnose root causes, and recommend precise operating setpoints that reduce unplanned downtime, energy consumption, and waste across plants.
Product overview
ExactSpace offers Pulse, an AI-powered Digital Twin platform consisting of two complementary modules: Asset Twin and Process Twin. Asset Twin provides predictive maintenance and diagnostic capabilities for individual equipment assets, while Process Twin delivers AI-powered process optimization using neural network transformer models. The platform includes a Zero-Code Predictive Modeling Engine, Smart Diagnostic Engine, Pulse Edge for industrial IoT connectivity, and a Digital Twin Library with 50+ ready-to-use asset models. The system processes structured sensor data from industrial equipment and provides prescriptive recommendations for operational excellence.
Differentiator
Problem solved
Functional benefit
Brands
- Pulse®: AI-powered Digital Twin platform for predictive asset management, process optimization, and operational excellence in industrial settings.
Products and services
- Pulse
Quantifiable outcome
- Up to 5% reduction in carbon footprint
- +10 more outcomes
Companies that use ExactSpace
Customer profileNamed customers9 records
Segments4 records
Ideal customer profiles2 records
ExactSpace technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
AI capability7 records
Feature8 records
ExactSpace partnerships and signals
Strategic signalScale indicators15 records
Recent moves6 records
Expansion highlights6 records
ExactSpace competitors and assessment
Company assessmentMarket position
Competitive moat6 records
Key highlights7 records
Customer concentration
ExactSpace social profiles
Digital presenceExactSpace compliance and trust
Trust signalCompliance2 records
ExactSpace financial estimates
Financial estimateRevenue estimate
Valuation estimate
ExactSpace leadership team
Management profileNumber of profiles
Profiles5 records
ExactSpace funding detail
Funding detailFunding overview
Funding rounds2 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ExactSpace M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ExactSpace
What does ExactSpace do?
ExactSpace offers Pulse, an AI-powered Digital Twin platform that combines Asset Twin and Process Twin capabilities for industrial operators and OEMs. The platform uses predictive analytics, machine learning models, and Industrial IoT connectivity to predict equipment failures, diagnose root causes, and recommend precise operating setpoints that reduce unplanned downtime, energy consumption, and waste across plants.
Is ExactSpace a public or private company?
ExactSpace is a private company. It is classified as corporate owned and is currently operating.
When was ExactSpace founded?
ExactSpace was founded in 2019. It employs 11 to 50 people.
Where is ExactSpace based?
ExactSpace is headquartered in Bangalore, India, in the Asia region.
How does ExactSpace make money?
One revenue line is on record: pulse Digital Twin Platform Subscription.
Does ExactSpace have an API?
Yes. APIs enable smooth integration with existing systems, ensuring flexibility and preventing vendor lock-in. The platform supports interoperability with existing systems and processes data from OPC DA/UA, Modbus, Historians, and ODBC/JDBC data sources. MQTT protocols are used for real-time monitoring data collection.
What industry is ExactSpace in?
ExactSpace's product category is Industrial AI Software. Its primary akta.pro industry code is IMAIAMAO, Digital Twin for Manufacturing & Production Optimization. Its NAICS code is 54151 and its SIC code is 7373.