Deeptech Startup Awiros Raises $7 Million In Funding
Deeptech startup Awiros has raised $7 million in a Series A round led by tech-focused VC funds Inflexor Ventures and Exfinity Venture Partners. The funding round also saw participation from VedaVC, leading family offices, and UHNIs.
As per the startup, the raised funds will be used towards product enhancement, building its developer community, and business growth in India and overseas markets. Additionally, the funding will allow Awiros to augment the India and US teams, both in technology and sales-related functions.
Awiros | Video AI
Founded by Vikram Gupta and Yatin Kavishwar in 2015, Awiros is a deeptech startup that offers a device-agnostic Operating System (OS) for easy development and delivery of video AI applications.
The startup 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.
Speaking about the development, 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.”
The deeptech startup lets its users leverage the science of Computer Vision and Artificial Intelligence to analyze and interpret videos, converting them into actionable data for various use cases.
Commenting on the development, 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.”