Awiros, a deeptech company that offers an AI-based computer vision platform mostly for video processing, has secured $7 million in a Series A round that was led by Exfinity Venture Partners and Inflexor Ventures, two VC firms with a strong focus on the technology sector. VedaVC, prominent family offices, and UHNIs all participated in the latest round of funding as well.
The funding will be put to use by the company to improve its products, expand its developer community, and expand into other areas, including India.
Founded in 2015 by Vikram Gupta and Yatin Kavishwar, Awiros is making it possible for everyone to build as well as utilize the most advanced applications of Computer Vision and AI in their everyday lives using its app-oriented open and unified Operating System model.
Vikram Gupta, CEO and Co-Founder of Awiros, said, “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. 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.”
Awiros aims to empower everyone, from programmers to end users, with computer vision technology. The most innovative research in the fields of computer vision, deep learning, and artificial intelligence is brought to market through Awiros.
“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,” Jatin Desai, Managing Partner at Inflexor Ventures, said.
An AI-based integrated computer vision OS called Awiros enables users to build, deploy, teach, scale any use case for video analytics.
“In the backdrop of data explosion happening in the video domain, we are thrilled to join Awiros’ journey in building a unified video intelligence platform that derives actionable insights for its customers. Awiros’ approach is analogous to Android O/S, which enables and empowers the customer to design and deploy AI-based solutions for their business needs quickly”, Chinnu Senthilkumar, Managing Partner at Exfinity Venture Partners, said.
“”Awiros has excellent business synergy with our portfolio company Kinara (erstwhile Deepvision) wherein they will be able to co-develop solutions in domains such as retail automation, smart buildings, Industry 4.0 etc. for Fortune 500 clients”, he added.
Awiros uses an app-oriented, open, and unified operating system concept to enable everyone to create and use the most cutting-edge computer vision and artificial intelligence apps in their daily lives. Their ongoing goal is to push the limits of technology while providing excellent value to their clients, and they have a fantastic team of researchers and engineers working for them.