Cusmat

Cusmat Technologies Private Limited operates as a developer of simulation-based training platforms for industrial skills, positioning itself as a key player in the enterprise upskilling market. Founded in 2016 by Abhinav Ayan, Anirban Jyoti Chakravorty, and Soumyaranjan Harichandan, graduates of NIT Warangal, the company originated from their identification of a critical gap in practical, hands-on industrial training. A pivotal moment for the founders was witnessing a fatal safety incident at a mine, which solidified their resolve to address the tangible consequences of skill gaps in industrial environments.

The company provides a metaverse-based skilling platform that leverages augmented reality (AR), virtual reality (VR), and artificial intelligence (AI) to train, assess, and upskill employees. This platform, called SkillPlay, includes equipment operation simulators and mobile learning applications, designed to improve workforce productivity and safety. A key feature is its no-code builder, which allows enterprises to import their 3D models and configure standard operating procedures (SOPs) to create and deploy simulations quickly. The system integrates AI-enabled performance analytics to track SOP adherence, identify skill gaps, and provide actionable insights to trainers and managers.

Cusmat targets large enterprises in sectors such as mining, logistics, manufacturing, pharmaceuticals, and infrastructure. Its client roster includes prominent names like Tata Steel Mining, Vedanta, DHL, DTDC, Dr. Reddy's Laboratories, Schneider Electric, and Coca-Cola. The business model is primarily subscription-based, with pricing tiers determined by the number of skills and users, ranging from approximately ₹10 lakh to ₹2.5 crore. This approach provides organizations with access to the training platform and its AI agent to manage the entire employee learning lifecycle from onboarding to continuous development.

Financially, Cusmat has secured significant backing from the investment community. The company has raised a total of $4.22 million over eight funding rounds. A notable funding event was its Series A round on August 4, 2022, where it raised $3.5 million, led by Arkam Ventures and supported by investors like Unitus Ventures, Better Capital, and Venture Catalysts. These funds are earmarked for furthering research and development, expanding enterprise sales, and growing its international presence in the Asia-Pacific and Middle East regions. The company reports that its training solutions have enabled clients to increase workforce productivity by over 30%, enhance efficiency by 25%, and improve safety.

Keywords: industrial skilling, virtual reality training, augmented reality learning, simulation-based training, enterprise upskilling, workforce development, safety training, operational efficiency, learning management system, AI-powered analytics, mining training, logistics skilling, manufacturing workforce, pharmaceutical training, employee onboarding, performance analytics, corporate training solutions, skills gap analysis, immersive learning, digital twin simulation, heavy machinery simulators