18.1 C
London
Thursday, October 6, 2022

Video AI startup Awiros raises $7M in Series A funding

Must read

PepsiCo’s Quaker Oats cuts sugar by 30% to make breakfast cereal healthier

The Breakfast The Cereal (BFC) category in India has a compound annual growth rate of 6-8%. India ranks among the top five countries...

Thousands of protesters block Budapest bridge as teachers in Hungary fight for higher wages

BUDAPEST - At least 10,000 Hungarian students, teachers and parents blocked a bridge in Budapest before filling a large square outside parliament on Wednesday...

With an uncertain future, Peloton will cut another 500 jobs • londonbusinessblog.com

Peloton, it seems, is not out of the woods yet. The once-mighty connected fitness company has had a steep uphill battle to turn...

Jiko wants to help companies park their money in T-Bills while everyone else is chasing • londonbusinessblog.com

Jiko started his life as a mobile bank for consumers. But over time, the fintech startup has evolved its model — fueled primarily...
Shreya Christinahttps://londonbusinessblog.com
Shreya has been with londonbusinessblog.com for 3 years, writing copy for client websites, blog posts, EDMs and other mediums to engage readers and encourage action. By collaborating with clients, our SEO manager and the wider londonbusinessblog.com team, Shreya seeks to understand an audience before creating memorable, persuasive copy.

  • Inflexor Ventures and Exfinity Venture Partners led the financing round in which VedaVC also participated.
  • The company plans to use the money to grow its business in India and overseas markets.
  • The market for video AI solutions for automation, security and process monitoring is expected to reach $27 billion by 2030, the company says

Awiros, a deep-tech startup, raised $7 million in Series A funding on Wednesday. The funding round, which was led by Inflexor Ventures and Exfinity Venture Partners, also saw participation from VedaVC, leading family offices and ultra high-net-worth individuals (UHNIs), the company said.

The startup offers a video AI marketplace called Apps that helps customers discover and adopt technology solutions.

Discover the future of SaaS in India

The 6-part video series will capture the vision of Indian SaaS leaders and highlight the potential for the industry in the decades to come.Sep 29, 2022 Starts at 4:00 PM (35 min)register now
Our Speakers

Beerud Sheth
Tim Barens

“This funding round will help us build further momentum for global growth by increasing our market share, streamlining technical operations and investing in the R&D of existing and new product categories,” said Vikram Gupta, CEO and Co-Founder from awiros.

Hiring seasoned deep-tech investors from Inflexor and Exfinity would help Awiros capitalize on their extensive experience in technology, international business and scalable go-to-market, he added.

This funding round will enable Awiros to hire more people in India and the US for technology and sales-related positions.

The market for video AI solutions for automation, security and process monitoring is expected to reach $27 billion by 2030, the company added.

“As cameras become even more ubiquitous worldwide, there will be a huge addressable market for their products. Awiros’ investment fits very well with Inflexor’s deeptech/tech IP theme and supports solid founders in this space,” said Jatin Desai, managing partner at Inflexor Ventures.

Awiros was founded in 2015 by Vikram Gupta and Yatin Kavishwar. Gupta is a computer engineer with a doctorate from Carnegie Mellon University. Kavishwar has worked in organizations such as Cisco and IBM.

Awiros uses a device-independent operating system (OS) for easy development and delivery of video AI applications. The company plans to become the standard platform for computer vision use cases that will allow developers to create and deploy computer vision applications in large-scale projects, much like smartphone app stores.

Chinnu Senthilkumar, managing partner at Exfinity Venture Partners, said Awiros is building a unified video intelligence platform that delivers actionable insights for its clients.

ALSO SEE:

Animals, potholes and driving cause the most traffic accidents in Indian subways

  • India will take over the G20 presidency for a year from December 2022; Host over 200 meetings and priorities for MEA lists
  • More articles

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Latest article

    PepsiCo’s Quaker Oats cuts sugar by 30% to make breakfast cereal healthier

    The Breakfast The Cereal (BFC) category in India has a compound annual growth rate of 6-8%. India ranks among the top five countries...

    Thousands of protesters block Budapest bridge as teachers in Hungary fight for higher wages

    BUDAPEST - At least 10,000 Hungarian students, teachers and parents blocked a bridge in Budapest before filling a large square outside parliament on Wednesday...

    With an uncertain future, Peloton will cut another 500 jobs • londonbusinessblog.com

    Peloton, it seems, is not out of the woods yet. The once-mighty connected fitness company has had a steep uphill battle to turn...

    Jiko wants to help companies park their money in T-Bills while everyone else is chasing • londonbusinessblog.com

    Jiko started his life as a mobile bank for consumers. But over time, the fintech startup has evolved its model — fueled primarily...

    Limit reached – Join the EU Startups CLUB

    €147/quarter This option is ideal for companies and investors who want to keep up to date with Europe's most promising startups, have full access...