Video telematics startup Lightmetrics on Wednesday said it has raised USD 8.5 million (about Rs 69 crore) in a funding round from Sequoia Capital India.
The Bengaluru-based platform uses edge AI and analyses video feeds from the camera installed in vehicles to better understand driver behaviour, and reduce accidents and improve safety.
It claims to serve over 2,500 fleet across India, the Middle East, the US, Canada, Mexico, Brazil, Australia, and South Africa.
The company will use the funds to strengthen its teams from the engineering, customer success, product, marketing, sales and analytics sides for growth.
LightMetrics, Inc. offers a range of solutions for fleet management, driver safety, and operational efficiency, using a combination of sensor data, telematics technology, and cloud-based software.
One of their main offerings is AI-powered driver safety platform, which uses computer vision and other advanced technologies to analyze driver behavior and provide real-time feedback to help prevent accidents and improve overall safety. The company also offers solutions for vehicle tracking, fuel efficiency monitoring, and predictive maintenance, among other things.
Lightmetrics was founded by Soumik Ukil, Ravi Shenoy, Mithun Uliyar, Gururaj Putraya, Pushkar Patwardhan and Krishna AG.