Intents Mobi, a geospatial intelligence startup, has raised $1 mn in a funding round led by DevX Venture Fund.
Unnati Labs and multiple marquee strategic angels from Logistics and Mobility sector whose ventures are backed by Tier1 VCs also participated in this funding round.
The funds will be used to expand the company’s technological capabilities, increase the gathering of GIS data for the country, and boost enterprise sales.
The company was founded by Naresh Kumar Kachhi and Tabrez Alam, who were later joined by Balasubramaniam S and Prakash Velusamy. Intents Mobi is a geospatial intelligence company that uses artificial intelligence to generate situational awareness information for routing and logistics. It now employs 15 people, with 10 of them solely focused on technological development.
“It is heartening to bag funding at this crucial stage when we are focussing on growing our capabilities and widening our tech stack. At Intents Mobi, we work on solving the issues with GIS data that impacts every industry connected to mobility. The funds will be used for increasing the collection of GIS information for India and for further product development. Since we already generate insights for almost 4.5 crore kms of roads per day and process 3 million geocodes every month, the funds will enable us to increase this by 5X and cover the 50 most populous cities of the country by the end of the year”, Naresh Kumar Kachhi, Founder – Intents Mobi, said.
The company relies on a network of ‘Scouts,’ a community of over 700,000 individuals who help generate data for location information.
Commenting on the funding, Umesh Uttamchandani, COO, DevX Venture Fund, said, “At DVF (DevX Venture Fund) we are excited to lead the funding round in Intents Mobi with our follow-on participation.”
About Intents Mobi
Intents Mobi is a geospatial intelligence company that uses artificial intelligence to generate situational awareness information for routing and logistics. They use hardware-independent systems to generate data from smartphone sensors and derive meaningful insights from raw sensor data.
At present, they map more than 4 crore kms of roads on a daily basis to generate information about road conditions, road width, vehicle plying, differentiated traffic and much more. They are also one of the fastest-growing data companies in the geospatial space.
Currently, they are working on solving the biggest challenge of the country, which is addressed. They geocode more than 3 million points of interest every month and expect to map the entire country in 10X10 meters square by the end of the year.