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Sapience Automata raises INR 1.75 CR in a Seed Round led by IPV to revolutionize road safety technology and develop advanced driver-assistance systems

Apr 18, 2024over 1 year ago

Amount Raised

₹17.5 Million

Round Type

seed

BengaluruAutomotive

Investors

Inflection Point Ventures

Description

AI powered driver assistance technology startup Sapience Automata has raised INR 1.75 CR in a Seed Round led by Inflection Point Ventures. The funds will be utilized 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.

Company Information

Company

Sapience Automata

Location

Bengaluru, Karnataka, India

About

Every year, more than 1 million people die from car accidents, and another 20-50 million suffer critical injuries. 94% of all road accidents occur from distracted driving. While road safety features are available in the market in the form of ADAS safety, they are expensive and inadequate (capable of 25% accident reduction). We believe road safety is not a luxury to avail only at high prices. Sapience Automata is committed to bring affordable and adequate road safety for each and every car on this planet, and aim towards 100% reduction of accidents. With our unique products and predictive AI driven models, we are building essential road safety features at affordable prices, including features uniquely necessary for Indian roads. We have also taken strides towards more and more capable road safety solutions, the real-life simulations of our pedestrian safety feature display capability of accident reduction by 90% and beyond.

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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