2024 Revenue
$3.1M
Funding
$0
YOY
45.6%
Team
23
Founded
2010
How FRS Labs CEO Shankar Palaniandy grew to $3.1M revenue with a 23 person team in 2024.
Developer of a cybersecurity software designed to facilitate identity verification and fraud prevention using biometrics and artificial intelligence. The company's cloud based fraud detection software combines artificial intelligence and customer's real-time biometrics data to verify their identity and sends instant alerts and emails notifying of abnormal access, enabling banks, insurance and telecom businesses to use biometrics as an additional factor of authentication for digital transactions.
Last updated
FRS Labs Revenue
In 2024, FRS Labs's revenue reached $3.1M. The company previously reported $2.1M in 2023. Since its launch in 2010, FRS Labs has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | FRS Labs Hit $3.1m revenue in October 2024 | |
| 2023 | FRS Labs Hit $2.1m revenue in October 2023 | |
| 2021 | FRS Labs Hit $1.6m revenue in April 2021 | |
| 2010 | Launched with $0 revenue |
FRS Labs Valuation, Funding Rounds
FRS Labs is a bootstrapped Machine Learning Software startup. Founded in 2010, FRS Labs has grown to $3.1M in revenue without raising any venture capital or outside funding.
As a self-funded Machine Learning Software SaaS company, FRS Labs has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|
Founder / CEO
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
We do not have customer count information for FRS Labs yet.
FRS Labs Employees & Team Size
FRS Labs employs approximately 23 people as of 2026, including 5 sales reps that carry a quota.
| Year | Milestone |
|---|---|
| 2024 | Reached 23 employees (October 2024) |
| 2023 | Reached 23 employees (October 2023) |
| 2022 | Reached 21 employees (October 2022) |
| 2021 | Reached 21 employees (December 2021) |
| 2021 | Reached 20 employees (April 2021) |
Frequently Asked Questions about FRS Labs
What is FRS Labs's revenue?
FRS Labs generates an estimated $3.1M in annual revenue.
Who founded FRS Labs?
FRS Labs was founded by Shankar Palaniandy.
Who is the CEO of FRS Labs?
The CEO of FRS Labs is Shankar Palaniandy.
How much funding does FRS Labs have?
FRS Labs is bootstrapped and has not raised outside funding.
How many employees does FRS Labs have?
FRS Labs has 23 employees.
Where is FRS Labs headquarters?
FRS Labs is headquartered in Bangalore, Karnataka, India.
Compare FRS Labs to the industry
FRS Labs operates across multiple industries. Browse revenue, funding, and growth data for FRS Labs in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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