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Video telematics startup Cautio raises Rs 6.5 Cr in pre-seed round

EntrackrEntrackr · 1y ago
Video telematics startup Cautio raises Rs 6.5 Cr in pre-seed round
Medial

Video telematics startup Cautio has raised Rs 6.5 crore ($780k) in its pre-seed round led by Antler, 8i and AU Bank. The funding, a mix of equity and debt, was led by Antler, 8i Ventures, and AU Small Finance Bank with additional participation from Cautio’s early customers and angel investors. The startup will use the proceeds to escalate its efforts in deploying safety solutions across the country. Founded by Ankit Acharya and Pranjal Nadhani, Cautio offers cost-effective video telematics products and delivers tailored solutions aimed at mitigating safety issues prevalent in India. Through customizable dash cam devices and an AI-powered operating system, Cautio ensures accountability, improves driver conduct, minimises revenue loss, and adopts an API-first strategy. The startup counts among its clients institutions, mobility and logistic companies. It is also actively involved in multiple pilot projects across the country. Safe Cams, LightMetrics and Hero Group’s Qubo are some of the leading companies in this space.

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Exclusive: Cautio to acquire Nikhil Kamath WTFund-backed Bytes

EntrackrEntrackr · 9d 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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