5 days ago
Visual telematics startup Cautio closes $3 million funding round
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Bengaluru-based visual telematics startup Cautio has raised $1.8 million in a fresh funding round led by Amal Parikh, founder of Ohm Stock round also saw participation from existing investors 8i Ventures and AU Small Finance Bank , besides other April this year, the company had raised $1.2 million as part of the same round, and this extension takes the total funds raised in the seed funding round to $3 in 2023, Cautio offers cost-effective video telematics products and tailored solutions aimed at mitigating road safety issues, including women's safety, improving driver conduct and accountability, and more.'About 50% of our new funding is going to be invested towards R&D technology and identifying better hardware, enhancing the AI software, and scaling up the presence,' said Ankit Acharya, cofounder and chief executive.'This fresh investment allows us to strengthen our technology, grow our team, and expand our deployment footprint to ensure road safety becomes the norm, not the exception,' said Pranjal Nadhani, cofounder and uses customisable dash cam devices and an artificial intelligence (AI)-powered operating system for its road safety solutions . 'We have spent a lot of time and effort to get the dash cam devices designed in such a way that they understand Indian road conditions and Indian drivers,' Acharya told Cautio has a ground presence in 50 cities in India through its customers, which include ride-hailing companies, ambulances, educational institutions, passenger vehicles, and fleet vehicles.'Combining AI with infrastructure, they (Cautio founders) are taking a practical yet innovative approach. This is where Dalal Street's discipline meets Innovation Street's disruption. Excited to partner with them in their mission to make Indian roads safer,' Amal Parikh said in a prepared was founded by Acharya, a former senior executive at ride-hailing firm Namma Yatri, and Pranjal Nadhani, a former senior engineer at Dream11 and Urban July 2024, Cautio had raised Rs 6.5 crore (a little over $700K) in a pre-seed funding round led by Antler, 8i Ventures, and AU Small Finance Bank. The recent funding brings the total amount raised by the company to over $3.6 million.
