Perciv AI, a Delft, Netherlands-based deep-tech startup specializing in AI-driven radar perception, has raised €2.5 million in seed funding.
Investors
The round was led by Day One Capital and Keen Venture Partners, with participation from Vinci Venture Capital.
Founded in 2011, Day One Capital is a venture capital firm based in Budapest, Hungary. The firm seeks to invest in business-to-business software companies based in Central and Eastern Europe.
Keen Venture Partners is a radically human venture capital firm that backs exceptional founders across Europe, from Seed to Series B.
Perciv AI Use of Funds
The funds will help expand Perciv AI’s radar-based perception solutions across industries such as automotive, robotics, and aerospace.
About Perciv AI
Founded by Balazs Szekeres, Dr. Andras Palffy, and Srimannarayana Baratam, Perciv AI provides AI-driven radar perception solutions that enhance the capabilities of radar systems. Their technology combines next-generation AI with radar and radar-camera fusion to deliver performance similar to LiDAR at a much lower cost. Perciv AI’s solutions are designed to work with various radar types, ranges, and use cases. The company's mission is to democratize autonomous technology by making perception safe, reliable, and affordable.
Funding Details
Company: Perciv B.V
Raised: €2.5M
Round: Seed Round
Funding Date: December 2024
Lead Investors: Day One Capital, Keen Venture Partners
Additional Investors: Vinci Venture Capital
Company Website: https://www.perciv.ai/
Software Category: AI Radar Perception
Source: https://www.perciv.ai/press-releases