The funds will be used to boost sales, forge partnerships, advance ADAS technology, and secure international patents
FinTech BizNews Service
Mumbai, April 18, 2024: 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.
Sapience Automata, founded in 2021, is a pioneering startup focused on revolutionizing road safety in India through plug-and-play driver assistance technology. Their goal is to eliminate accidents by leveraging advanced AI and autonomous driving tech. Sapience Automata aims to make cutting-edge safety solutions accessible to all drivers.
Satyajit Neogi, the Founder, Chief Executive & Technology Officer, brings over 8 years of experience in self-driving cars and AI, holding a PhD from NTU Singapore. Unmesh Dabhade, the Co-Founder and Product Head, has over 6 years of expertise in IoT and software development, holding a Master’s from VJTI. Together, they lead Sapience Automata's mission to innovate road safety technology.
Vikram Ramasubramanian, Partner, Inflection Point Ventures says, “Most of us know someone whose family member or close one has experienced a major road accident. It is an unfortunate reality that can't be helped, given our dependence on different modes of transportation and driver's circumstance. Sapience, with their AI powered tech, reduces such unavoidable reality. IPV will always focus on supporting startups that offer innovative solutions to significant problems, and Sapience’s approach is one we’ll continue to endorse.”
Sapience Automata's USPs lie in its robust technology team and its products tailored specifically for Indian driving conditions. With a dedicated team of experts, the company develops innovative solutions that address the unique challenges of Indian roads, ensuring maximum effectiveness and safety for drivers. By offering custom-made products and applications, it stands out in the market, providing solutions that are tailored to the specific needs and conditions of Indian drivers, setting them apart from competitors.
Operating primarily from Bangalore, Sapience currently focuses on commercial fleets, laying the foundation for future expansion and scalability in the Indian B2C market.
Satyajit Neogi, CEO & CTO, Sapience Automata, says, “India reports 1.5 lakh deaths and 5 lakh critical injuries every year from road accidents and its growing. We are committed to reduce road accidents in India by 90% by 2030. We started by building plug n play cutting-edge ADAS technology custom made for Indian conditions, to prevent road accidents due to human errors such as distraction and drowsiness.”
Sapience Automata has hit key milestones with the launch of their Driver Camera, pioneering tailor-made ADAS technology for Indian roads, and reaching the final prototype stage for their ADAS camera. Their achievements, coupled with receiving the SISFS grant, demonstrate their dedication to innovating in automotive safety.
In the decade 2009-2019, road traffic crashes have been the 13th largest contributor to health burden (deaths and disabilities) in India. It is crucial that we strengthen the condition of roads and vehicles and invest in improving the technology to avoid such accidents.
