How a meeting with a client led to chipmonk being an end-to-end Internet Of Things Solutions Company: Story of Chipmonk
“It was a meeting with one of our clients which paved the way for Chipmonk to be an end-to-end IoT solutions company, as we diagnosed the need to infuse innovation in this domain address customers’ queries and improve efficiency and utilization of Assets & Equipment,” Shivendra told The CEO Magazine, speaking over brewing up of Chipmonk. For last 3 years, Chipmonk has been a frontrunner in end-to-end Internet of Things solutions, with its own IoT platform and comprehensive value-driven solution engineering capabilities focusing on its core areas, Smart Things/Smart cities and Industrial IoT. Talking about today’s scenario, Indian companies look out for startups to fulfill their demands for end-to-end efficiency and value-based solutions for enterprises on the cloud, the Bengaluru-based company is helping customers reduce cost( TCO), improve efficiency, improve utilization ( which means higher profits ), and extend Up-time and lifetime of Assets & equipment.
The world of Chipmonk
Chipmonk helps machines and devices become smart. This also helps to improve the Usability and User interaction of day to day devices such as Street lights, Geysers at home and so on. Adding connectivity, better control and flagging of situations leads to better interaction between human beings and inanimate things/machines.
Emerging as a differentiator
Chipmonk delivers a total solution from Data aggregation and communication over the wireless network, storage on the cloud, Applications (apps on mobiles), computation, analytics, alerts, and reporting. The patented OLLO product (sensor data aggregator and two-way wireless communicating unit) has been rated as the most reliable solution for the customers. Chipmonk’s core differentiation comes from its customer orientation, technological expertise and the business model designed around it. Chipmonk is led by an experienced, multidisciplinary team of professionals from IIT/NITs, drawn from the varied fields of information technology, engineering, etc, possessing the requisite experience, technical skills, and professionalism to provide its customers with robust IoT solutions.
Areas of expertise
- Services and solutions to be included:
- IOT Engineering services (end-to-end)
- Industrial IoT Solution, Smart factory Solutions
- OEM supplier for SmartThings
Chipmonk’s patented technologies:
- RF Integrated compact Smart meter (two patents)
- OLLO (trademark)
- Nubello ( IoT Platform, patenting in progress )
Chipmonk plans to aggressively expand in India and overseas in the domains of SmartThings/SmartCities and Industrial IoT. It is in talks with international partners to extend the local reach in other geographies. It has created an ecosystem of partners and allies in Smart cities domain to more than 10X its business in this domain in the next 3 years. Chipmonk is also making additions to its already strong Core team of leaders for this aggressive expansion. The firm has also been recognized amongst Top 20 IoT companies and among Top 10 IoT companies by leading business magazines. The firm also holds two patents and a trademark in its gamut.
The man behind Chipmonk and its Turnaround
Chipmonk had difficulty achieving some of its biz plans leading to a difficult situation. The then Cofounder Shivendra took over as CEO and since then Chipmonk has been on a robust recovery path, scaling business and forging alliances.
Cofounder & CEO
An alumnus of NIT Warangal, Shivendra brings his extensive 20 years of experience from Wipro and ABB. His prime area of expertise is telecommunications (PSTN, Optical, Wireless, NMS/EMS/OSS), IOT and AI, he is an avid reader of technology trends and fits in seamlessly as technology evangelist as well as the Business leader. He has very good mix of technology, delivery and sales experience, which makes him suited to create innovative solutions for customers. At Chipmonk, he leads the company’s business, customer relationship, and execution.
Shivendra is a people’s person and relationship driven which makes him apt for forging strong and long-term relationships with the customer. He is high on energy, likes to travel and loves to indulge himself into solution conversation with customers.
Piece of Advice for the emerging entrepreneurs
“Startups ain’t for the fainthearted! Be ready to fight the battle with full commitment. Success never comes easy; you have to pay the price via sweat and perseverance. Respect and listen carefully what your customers and prospect say, they are a perfect mirror.”