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Driver assistance startup Sapience Automata raises Seed round

EntrackrEntrackr · 1y ago
Driver assistance startup Sapience Automata raises Seed round
Medial

Driver assistance startup Sapience Automata has raised Rs 1.75 crore in a Seed round led by Inflection Point Ventures. The funds will be utilised for growing sales for driver camera, building key partnerships in the automotive domain, developing advanced driver-assistance systems (ADAS) technology, and filing international patents, the company said in a press release. Founded by Satyajit Neogi in 2021, Sapience Automata focuses on revolutionising road safety in India through plug-and-play driver assistance technology. The firm aims to eliminate accidents by leveraging advanced AI and autonomous driving tech. By offering custom-made products and applications, it provides solutions that are tailored to the specific needs and conditions of Indian drivers. Operating primarily from Bengaluru, Sapience currently focuses on commercial fleets, laying the foundation for future expansion and scalability in the B2C market. FlowPilot and Swaayatt Robots also operate in advanced driver assistance system (ADAS). According to startup data intelligence platform TheKredible, Inflection Point Ventures emerged as the most active investors in Q1 2024 with 11 investments. Blume Ventures, Venture Catalysts and Fireside Ventures were next on the list.

A safety group graded 14 driver-assistance systems. Tesla's self-driving option was the worst.

Business InsiderBusiness Insider · 1y ago
A safety group graded 14 driver-assistance systems. Tesla's self-driving option was the worst.
Medial

A recent study conducted by the Insurance Institute for Highway Safety revealed that the majority of partial driving automation systems received poor safety ratings. Out of the 14 systems tested, 11 earned poor ratings, including Tesla's Autopilot and Full Self Driving systems. The tests highlighted issues with driver monitoring, adaptive cruise control, cooperative steering, and disengaging safety features. Other automakers, such as Ford, Genesis, and Mercedes-Benz, also received poor ratings. Despite the concerns surrounding these automated driving features, self-driving cars are continuing to advance, with Waymo recently receiving approval to expand its operations.

Dashcam startup Cautio raises Rs 11 Cr in seed round

EntrackrEntrackr · 8m ago
Dashcam startup Cautio raises Rs 11 Cr in seed round
Medial

Dashcam startup Cautio raises Rs 11 Cr in seed round Video telematics startup Cautio has raised Rs 11 crore as part of its ongoing seed round. The round saw participation from 9Unicorns, Venture Catalysts, Antler India, Infinyte Club, Ministry of Electronics and IT (MeitY) through PIEDS-BITS Pilani, and CARS24 Founders - Gajendra Jangid and Vikram Chopra. The proceeds will be utilized to expand its technology across India, strengthen AI capabilities, and work closely with fleets to build a culture of proactive safety, Cautio said in a press release. Co-founded in 2023 by Ankit Acharya and Pranjal Nadhani, Cautio is a video telematics company that aims to make Indian roads safer through AI-powered dashcams. By delivering real-time insights and 24/7 monitoring, the platform helps fleets prevent risks, ensure compliance, and drive with confidence. With its affordable and intelligent fleet safety solutions, it is transforming mobility by empowering fleet operators and drivers to enhance safety, minimize risks, and build a smarter, more secure future on the road. Cautio says that it is trusted by mobility and logistics providers like Shoffr, Euro Cars, Namma Yatri, IITs, and Cityflo among others. The company operates in over 35 cities across India, and has also delivered over 50 crore location data points through its APIs.

Tesla’s full self-driving rivals are in China

LivemintLivemint · 1y ago
Tesla’s full self-driving rivals are in China
Medial

China is rapidly catching up with the West in terms of driver automation technology. Many Chinese companies, including Baidu, XPeng, Li Auto, NIO, and Huawei, are making significant progress in developing driverless taxis and driver-assistance systems for electric vehicles. These systems, comparable to Tesla's "full self-driving" software, rely on artificial intelligence rather than detailed mapping and coding. Chinese regulators have also shown openness to allowing "Level 3" automated driving on public roads, where the human driver no longer needs to pay attention under certain conditions. Analysts expect China to dominate the rollout of Level 3 vehicles in the coming years. This progress in driver automation complements China's already dominant position in electric vehicle technology. Overall, China's advancement in this area could potentially challenge the West's leadership in automation.

Exclusive: Cautio to acquire Nikhil Kamath WTFund-backed Bytes

EntrackrEntrackr · 3d ago
Exclusive: Cautio to acquire Nikhil Kamath WTFund-backed Bytes
Medial

Bengaluru-based visual telematics startup Cautio is set to acquire Bytes, an AI-powered two-wheeler safety technology startup backed by Nikhil Kamath’s WTFund, according to two sources aware of the development. The transaction will be a 100 percent acquisition, with Cautio buying out Bytes entirely. The deal is expected to close in the next two to three weeks if no changes occur. Founded to build AI-based Advanced Driver Assistance Systems (ADAS) for two-wheelers, Bytes focuses on improving rider safety through real-time alerts and computer-vision-led solutions. WTFund had previously provided non-dilutive funding to Bytes, enhancing its visibility. For Cautio, active mainly in the four-wheeler segment with its AI-driven dashcam and visual telematics platform, acquiring Bytes is strategically important. Integrating Bytes’ technology aims to expand Cautio’s offerings to cover the entire on-road safety category across different vehicle types. Sources suggest the acquisition allows Cautio to broaden its market reach and enhance services across mobility, logistics, and insurance sectors. Present in nearly 50 cities, Cautio partners with traditional logistics firms and new-age mobility startups, counting clients like Steel House, Rinku Logistics, ZingBus, RedBus, Shoffr, Namma Yatri, and Cityflo. Cautio had raised $3 million in its seed round led by Amal Parikh, with participation from 8i Ventures, AU Small Finance Bank, and others.

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