Cautio, a visual telematics startup, has raised $1.8 million in a new round of funding led by Amal Parikh, founder of Ohm Stock Broker.
Existing investors like 8i Ventures and AU Small Finance Bank, along with other investors, also took part in this round.
Earlier in April, the company had raised $1.2 million as part of the same round. With this new extension, Cautio’s total seed funding now adds up to $3 million.
“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.
Cautio was co-founded in 2023 by Ankit Acharya and Pranjal Nadhani. The company offers affordable video telematics solutions to improve road safety, promote better driving habits, and support issues like women’s safety.
Cautio uses smart dash cams and an AI-powered system that can be customized to provide these safety features.
Right now, Cautio is active in 50 cities across India through its customers, which include ride-hailing services, ambulances, schools, passenger vehicles, and fleet operators.
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