Thursday, October 06, 2022
Outlook India
Outlook Business

Awiros Raises $7 Million Led By Inflexor Ventures, Exfinity Ventures

The current round of funding also saw participation from VedaVC

Awiros Raises $7 Million Led By Inflexor Ventures, Exfinity Ventures

Press Trust Of India

POSTED ON September 15, 2022 5:51 PM

Deep tech start-up Awiros has raised USD 7 million (about Rs 55 crore) from Inflexor Ventures and Exfinity Venture Partners, the company said on Wednesday.

The current round of funding also saw participation from VedaVC.

The start-up aims to utilize the funding towards product enhancement, building its developer community, and business growth in India and overseas markets, Awiros said in a statement. 

Deep technology refers to startups whose business model is based on high-tech innovation or significant scientific advances.

"This funding round will allow Awiros in augmenting the India and US teams, both in technology and sales-related functions," the statement said.

Awiros develops an AI-based computer-vision platform primarily for video processing and claims to have customers like Honeywell, Mercedes.

"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 the seasoned deep-tech investors from Inflexor and Exfinity, Awiros will benefit heavily from their extensive experience," Awiros Co-founder and CEO Vikram Gupta said. 

  • Related Articles

    More than 5000 participants and five hundred plus curated ideas are expected from these boot camps. This initiative aims to create more than 50 new start-ups in the state

    Mo Startup Bootcamp To Create 50 New Start-Ups In Odisha

    Boson Whitewater is among the 76 startups selected for the challenge from across India to work in the field of water supply, used water management, water body rejuvenation and ground water management.

    Bengaluru-Based Boson Whitewater Selected For Startup Challenge By Housing Ministry

    The company has also elevated the position of YS Kim, who is a veteran leader in the industry by expanding his portfolio to head sales, Direct-to-Consumer (D2C), and charging network segments in the...

    Ola Electric Onboards New Members Across Key Positions To Unify Operations