Awiros, a deep-tech start-up, has raised $7 million in a Series A funding round led by Inflexor Venture and Exfinity Venture Partners. It can be seen in the participation of VedaVC, leading family offices, and ultra-high-net-worth individuals (UHNIs). Awiros is bridging a key gap in the market through its offering, a marketplace of Video AI “Apps” that allows its customers to discover and adopt suitable technology solutions quickly. The platform also abstracts out all the tedious workflow around computer vision-based AI models and lets developers concentrate on building efficient models, resulting in faster development and deployment cycles for enterprise-grade applications. The aim of Awiros is to be the platform of computer vision use-cases that would allow any developer to create and deploy computer vision applications in large-scale projects in a frictionless manner and create an ecosystem that allows the best apps to thrive, much like the app stores for smartphones. The company wants to use the fund for product enhancement, building its developer community, and growth in the Indian and overseas markets. It will augment its India and US teams, both in technology- and sales-related functions,
Awiros is a device-agnostic Operating System (OS) for easy development and delivery of Video AI applications. The OS eliminates the need for enterprise clients to upgrade, redesign, or reinstall new systems as the enterprise’s Video AI use cases increase. Enterprises have been actively deploying Video AI solutions across automation, safety, and process monitoring. As per the source of the news of the company, the market price can reach up to $27 billion by 2030.
According to the firm, its average customer subscribes to more than 10 apps today, up from 4 in 2019.
CEO and co-founder of Awiros, Vikram Gupta said “Awiros is one of the fastest growing companies in the Video AI space in India and 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”. He also added that onboarding seasoned deep-tech investors from Inflexor and Exfinity would help Awiros benefit from their extensive experience in technology, international business, and scalable go-to-market.
“Awiros’ approach is analogous to Android O/S which enables and empowers the customer to design and deploy AI-based solutions for their business needs quickly. Awiros has excellent business synergy with our portfolio company Kinara (erstwhile Deepvision) wherein they will be able to co-develop solutions in domains such as retail automation, smart buildings, Industry 4.0, etc. for Fortune 500 clients,” said Chinnu Senthilkumar, managing partner, Exfinity Venture Partners.
Awiros is a device-agnostic operating system that eliminates the need for enterprise clients to upgrade, redesign, or reinstall new systems as the enterprise’s Video AI use cases increase, said the company in a statement, adding, “Shortly, Awiros aims to be the default platform for computer vision use-cases.”
“We are very excited to partner with Vikram, Yatin, and the team at Awiros as they take their patented deep tech/AI-based Computer Vision operating system and app store to global markets and continue to grow in the domestic market. As cameras become even more ubiquitous globally there will be a huge addressable market for their products. Awiros investment fits very well with Inflexor’s deeptech/tech IP theme and backing solid founders in this space,” said Yatin Desai, managing partner at Inflexor Ventures.
Chinnu Senthilkumar, the managing partner at Exfinity Venture Partners, said that Awiros is building a unified video intelligence platform that derives actionable insights for its customers.
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