Gurugram-based Awiros, a deeptech startup developing an AI-based computer-vision platform primarily for video processing, has raised $7 million in a Series A funding round led by Inflexor Ventures and Exfinity Venture Partners. The round also saw participation from VedaVC, leading family offices, and UHNIs.
Founded in 2015 by Vikram Gupta and Yatin Kavishwar, Awiros is a device-agnostic operating system (OS) for easy development and delivery of video AI applications. The startup eliminates the need for enterprise clients to upgrade, redesign, or reinstall new systems as the enterprise’s video AI use cases increase.
Awiros intends to use the raised capital towards product enhancement, building its developer community, and expanding business growth in India and overseas markets. It also aims to augment the India and US teams, both in technology and sales-related functions.
“Awiros is one of the fastest growing companies in the video AI space in India and this funding round will help us build further momentum for global growth by increasing our market share, streamlining technical operations, and investing in the R&D of existing and new product categories,” said Vikram Gupta.
“By onboarding seasoned deep-tech investors from Inflexor and Exfinity, Awiros will benefit heavily from their extensive experience in technology, international business, and scalable GTM,” Vikram adds.
Speaking on the investment, Jatin Desai, Managing Partner at Inflexor Ventures, said, “We are very excited to partner with Vikram, Yatin, and the team at Awiros as they take their patented deeptech/AI-based computer vision operating system and app store to global markets and continue to grow in the domestic market. As cameras become even more ubiquitous globally, there will be a huge addressable market for their products. The Awiros investment fits very well with Inflexor’s deeptech/tech IP theme and backing solid founders in this space.”
Source @Indianstartupnews
