By Entrackr
Video telematics startup Cautio has raised Rs 6.5 crore ($780k) in its pre-seed round led by Antler, 8i and AU Bank. The funding, a mix of equity and debt, was led by Antler, 8i Ventures, and AU Small Finance Bank with additional participation from Cautio’s early customers and angel investors.
The startup will use the proceeds to escalate its efforts in deploying safety solutions across the country.
Founded by Ankit Acharya and Pranjal Nadhani, Cautio offers cost-effective video telematics products and delivers tailored solutions aimed at mitigating safety issues prevalent in India.
Through customizable dash cam devices and an AI-powered operating system, Cautio ensures accountability, improves driver conduct, minimises revenue loss, and adopts an API-first strategy.
The startup counts among its clients institutions, mobility and logistic companies. It is also actively involved in multiple pilot projects across the country.
Safe Cams, LightMetrics and Hero Group’s Qubo are some of the leading companies in this space.