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Exclusive: Cautio to acquire Nikhil Kamath WTFund-backed Bytes

EntrackrEntrackr · 19d 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.

Cautio raises $3 Mn in seed round led by Amal Parikh

EntrackrEntrackr · 5m ago
Cautio raises $3 Mn in seed round led by Amal Parikh
Medial

Snippets Cautio raises $3 Mn in seed round led by Amal Parikh AI-powered video telematics startup Cautio has raised $1.8 million in a new funding round led by Amal Parikh, with participation from 8i Ventures, AU Small Finance Bank, Venture Catalysts. This brings its total seed round to $3 million. In April, the startup had raised $1.2 million as part of the same round. The proceeds will be used to enhance its R&D capabilities, scale its AI systems, and expand deployment and servicing infrastructure across India. Founded by Ankit Acharya and Pranjal, Cautio provides AI-powered dashcams for fleet operators that offer real-time safety alerts to prevent road accidents. The platform is used in public transport, school buses, and commercial fleets, helping operators detect and respond to risks instantly. Cautio is currently active in 46 cities and has over 60 customers. It aims to make Indian roads safer by using predictive technology to reduce accident risks.

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.

Dashcam startup Cautio raises Rs 11 Cr in seed round

EntrackrEntrackr · 9m 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.

Atomicwork closes Seed round at $14 Mn

EntrackrEntrackr · 1y ago
Atomicwork closes Seed round at $14 Mn
Medial

B2B SaaS startup Atomicwork has raised an additional $3 million in its seed round from Abhinav Dhar, ex-CIO of TransUnion, Prasad Ramakrishnan, CIO and technology leader, Avanish Sahai, former ecosystem leader at Salesforce, ServiceNow, and Google Cloud and Rich Waldron, CEO of Tray. The firm’s existing investors like Storm Ventures, Z47 (formerly Matrix Partners), Blume Ventures, and Neon Fund also participated in the round. This is the second tranche of its seed round. In September last year, Atomicwork had raised $11 million led by Blume Ventures and Matrix Partners India. With this, the total funding for the startup stands at $14 million. The proceeds will be used for enterprise AI agent technology, fuel the firm’s GTM team expansion in the United States over the next three years, the company said in a press release. Founded in September 2022 by Vijay Rayapati, Kiran Darisi, and Parsuram Vijayasankar, Atomicwork provides software that automates workflows under the information and technology (IT), human resources (HR), finance, and other business functions. It helps companies instantly help their employees by collecting tribal knowledge from across the organization – stored in docs, wikis, information systems, email threads, and chat conversations. Previously, Rayapati had founded Minjar which raised $2 million before getting acquired by US-based publicly-listed cloud infrastructure company Nutanix for about $50 million. Blume also invested in Minjar’s initial funding round. Darisi and Vijayasankar were part of the founding team of SaaS unicorn Freshworks.

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