Some entrepreneurs build businesses; others build movements. Shantanu Barai belongs to the latter. With IAVerse, founded in 2022, he is driving a movement of modernization that is reshaping how industries operate in the digital age.
At its core, IAVerse is a company with a mission: upgrading outdated industrial processes into smart, efficient, and data-driven ecosystems. Its flagship platforms, iTwinity and iSimulo, are designed to give industries operational visibility, predictive capabilities, and immersive training solutions—all without disrupting existing systems.
Starting with ₹3 lakhs, Shantanu scaled the venture into a ₹12 crore enterprise within three years. But the numbers only tell part of the story. The real achievement lies in how IAVerse has built partnerships with government agencies, Fortune 500 companies, and global manufacturers.
The challenges were formidable. Traditional industries resisted change, hesitant to experiment with immersive tech. Integration with old systems posed technical hurdles. ROI skepticism slowed adoption. But Shantanu and his team pushed forward with pilot projects, delivering measurable efficiency gains that convinced even the most conservative clients.
Recognition soon followed. From winning the Digital Visionary of the Year 2025 Award to securing the Most Transformative Digital Twin Innovation Award, IAVerse has become a benchmark in industrial deep-tech innovation. CIO Tech Outlook listed it among the Top 10 Promising Deeptech Companies in India.
For Shantanu, entrepreneurship is not just about technology but about vision. Inspired by Satya Nadella, he sees modernization as a service to industries, enabling them to thrive in a digital-first world. His unique strength is combining engineering precision with strategic foresight, ensuring that innovation is both cutting-edge and applicable.
Looking ahead, his vision is bold: positioning IAVerse as a global leader in modernization solutions, expanding into smart cities and advanced industrial hubs.
To young entrepreneurs, his message is clear: “Don’t chase trends. Chase impact. Build something that solves real problems, and you’ll build something that lasts.”
Through IAVerse, Shantanu Barai is not just building a company—he is building the future of industries.
