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
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
04/18/24, 6:14 AM
Location
Money raised
₹17.5 million
Industry
automotive
Round Type
seed
Investors
Inflection Point Ventures
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 Info
Location
bangalore, karnataka, india
Additional Info
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.