Sapience Automata, a Bangalore, India-based AI-powered driver assistance technology startup, has raised INR 1.75 crore in seed funding.
Investors
The round was led by Inflection Point Ventures.
Inflection Point Ventures is an early-stage angel investing platform that provides both monetary and non-monetary support to startups.
Sapience Automata Use of Funds
The company will use the funds for growing sales for Driver Camera, building key partnerships in the automotive domain, continuing to develop Advanced Driver-Assistance Systems (ADAS) technology, and filing international patents.
About Sapience Automata
Founded in 2021 by Dr. Satyajit Neogi, Sapience Automata is a company focused on revolutionizing road safety in India through plug-and-play driver assistance technology. Their goal is to eliminate accidents by leveraging advanced AI and autonomous driving tech. Sapience Automata aims to make cutting-edge safety solutions accessible to all drivers. Operating primarily from Bangalore, Sapience currently focuses on commercial fleets, laying the foundation for future expansion and scalability in the Indian B2C market.
Funding Details
Company: Quivive Automata Private Limited
Raised: INR 1.75 crore
Round: Unknown
Funding Month: April 2024
Lead Investors: Inflection Point Ventures
Additional Investors:
Company Website: https://sapienceautomata.com/
Software Category: Road Safety
Source: https://www.techiexpert.com/sapience-automata-raises-inr-1-75-cr-in-seed-round-led-by-ipv/