Video Telematic Startup Lightmetrics Raises $8.5 Million From Sequoia Capital India
Amount Raised
$8.5 Million
Round Type
Funding Round
BengaluruSoftwareAutomotiveDescription
LightMetrics, a video telematics startup serving commercial vehicles, said it has raised $8.5 million in funding from Sequoia Capital India.The startup sells software that analyses video feeds from cameras installed in vehicles to better understand driver behaviour, reduce accidents and improve safety.What the funds will be used forLightMetrics will use the funds to hire more people across the engineering, customer success, product, marketing, sales and analytics functions.The company said that the funding will also be used to explore adjacent opportunities such as auto insurance.LightMetrics was founded in 2015 by Soumik Ukil, Ravi Shenoy, Mithun Uliyar, Gururaj Putraya, Pushkar Patwardhan and Krishna A.G. The six-member founding team had worked together at Nokia Research on computer vision and ML for cameras. Discover the stories of your interestBlockchain5 StoriesCyber-safety7 StoriesFintech9 StoriesE-comm9 StoriesML8 StoriesEdtech6 StoriesProfitable since inceptionPrior to this funding, LightMetrics had raised $1.8 million in two rounds led by Beenext. It has been profitable since inception
Quick answer
LightMetrics raised $8.5 Million in a Funding Round round, dated April 5, 2023. LightMetrics is based in Bengaluru, Karnataka, India.
- How much did LightMetrics raise?
- LightMetrics raised $8.5 Million in a Funding Round round on April 5, 2023.
- What does LightMetrics do?
- LightMetrics offers an AI-based platform for real-time driver coaching and associated driver safety analytics to enterprises in the automotive ecosystem.
- Where is LightMetrics based and how big is it?
- LightMetrics is based in Bengaluru, Karnataka, India. Fundz records about 110 employees.
- Who are the decision-makers at LightMetrics?
- Fundz holds 1 contact at LightMetrics. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Automotive and Software around the same time
Companies in the same sectors as LightMetrics that raised within 45 days of this round, from Fundz verified event records.
- AutoCore.ai raised an undisclosed amount on May 15, 2023.
- STELLA™ Automotive AI raised $4M (Seed) on May 4, 2023.
- AutoLeap raised an undisclosed amount (Series B) on April 11, 2023.
- ClearMotion raised $43M on March 6, 2023.
- Seek AI raised $3M (Seed) on May 19, 2023.
- Sprout Solutions raised $11M (Series B) on May 19, 2023.
Who to call at LightMetrics, and when
A new round usually means LightMetrics is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day LightMetrics raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at LightMetrics, from your own LinkedIn network
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