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Obvio has raised $22 million in a Series A funding round led by Bain Capital Ventures to expand its innovative stop sign camera technology aimed at improving road safety.

Jun 04, 20256 months ago

Amount Raised

$22 Million

Round Type

series a

San CarlosInformation Technology

Investors

Bain Capital Ventures

Description

Obvio has completed a $22 million Series A funding round led by Bain Capital Ventures. The company aims to use the funds to expand beyond its initial five cities of operation in Maryland. Their technology uses cameras at stop signs to enhance road safety without excessive surveillance. Founders Ali Rehan and Dhruv Maheshwari emphasize responsible data use as they address pedestrian safety concerns.

Company Information

Company

Obvio

Location

934 Washington

San Carlos, California, United States

About

Obvio improves traffic safety by providing AI-powered traffic cameras to prevent traffic deaths while rebuilding public trust and a sense of shared responsibility on the roads. With it, cities have reduced traffic violations by over 50 percent.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech