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Deep tech start-up company Awiros has upraised $7 million in Series A funding led by Tech-focused Venture Capital funds Inflexor Ventures and Exfinity Venture Partners. The round also witnessed the participation from VedaVC, which leads family offices having Ultra-High-Net-Worth individuals, Inflexor speaks in a statement. Funds will be invested by the startup company for product enhancement, constructing its originator community, and accelerating the overall growth and global expansion.
“Awiros is considered to be one of the Rapid growing companies in the Video Artificial Intelligence Space in India, and this funding round would help us build upcoming momentum for global growth by increasing market share, restructuring practical operations, and investing in the R&D of prevailing and new product categories,” Vikram Gupta CEO & co-founder of Awiros said. “Awiros’ market approach is equivalent to Android O/S, which permits and empowers the customer in designing and deploying AI-based solutions for their business needs quickly,” Chinnu Senthilkumar, the Managing Partner at Exfinity Venture Partners, said.
The start-up was founded in 2015, Awiros advances an AI-based computer-vision platform predominantly for video processing. The company explains its offers in a marketplace of Video AI “Apps”, allowing its customers to discover and adopt appropriate technological solutions quickly. According to the firm’s report, its average customer subscribes to 10 apps plus, up from 4 in 2019.
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Awiros is defined as a device-agnostic operating system that eliminates the requirements for the enterprise clients to upgrade, restructure, or reinstall new designs as the enterprise’s Video AI use cases increase, the company said in a statement. It further adds, “In the future, Awiros is planning to be the default platform for the computer vision use cases.”
