Dashcam startup Cautio raises $3 million funding round

Visual telematics startup Cautio has raised $1.8 million in a fresh funding round led by Amal Parikh, founder of Ohm Stock Broker.

Existing investors 8i Ventures and AU Small Finance Bank, besides other investors also participated in this round.

In April this year, the company raised $1.2 million as part of the same round. With this extension, the total seed funding raised now stands at $3 million.

Read also- Fintech startup Zype raises Rs 90 crore in round led by Unleash Capital Partners

“About 50% of our new funding is going to be invested towards R&D technology and identifying better hardware, enhancing the AI software, and scaling up the presence,” said Ankit Acharya, cofounder and chief executive.

“This fresh investment allows us to strengthen our technology, grow our team, and expand our deployment footprint to ensure road safety becomes the norm, not the exception,” said Pranjal Nadhani, cofounder and CTO.

“Combining AI with infrastructure, they (Cautio founders) are taking a practical yet innovative approach. This is where Dalal Street’s discipline meets Innovation Street’s disruption. Excited to partner with them in their mission to make Indian roads safer,” Amal Parikh said.

Advertisment

About Cautio 

Co-founded in 2023 by Ankit Acharya and Pranjal Nadhani, Cautio provides affordable video telematics solutions designed to tackle road safety challenges, enhance driver behavior and accountability and address concerns like women’s safety.

Cautio uses customizable dash cams and an AI-powered operating system to deliver its road safety solutions.

Cautio currently has a presence in 50 Indian cities through its customers, which include ride-hailing services, ambulances, schools, passenger vehicles, and fleet operators.