With the help of 8i Ventures, AU Small Finance Bank, Venture Catalysts, Vibha Chetan (Cheravi Ventures), Raveen Sastry (Multiply Ventures), Vivekananda Hallekere (Bounce), and Nishchay AG (JAR), the AI-powered video telematics startup Cautio has raised $1.8 million in a new funding round led by Amal Parikh.
It now has $3 million in its entire seed round. The business raised $1.2 million in the same round in April.
The money raised will be utilized to scale its AI systems, improve its R&D skills, and build out its deployment and maintenance infrastructure throughout India.
Cautio, which was founded by Ankit Acharya and Pranjal, offers fleet operators AI-powered dashcams that provide real-time safety alerts to avert traffic accidents. The technology helps operators identify and react to hazards in real time and is utilized in commercial fleets, school buses, and public transportation.
With more than 60 clients, Cautio is presently operating in 46 cities. It seeks to lower the likelihood of accidents on Indian roadways by utilizing predictive technology.
