Deep tech startup Awiros raises $7M Series A from Inflexor and Exfinity
Deep tech startup Awiros has raised $7 million in Series A funding led by technology-focused venture capital funds Inflexor Ventures and Exfinity Venture Partners. The round also saw participation from VedaVC, large family offices and ultra-high net worth individuals, Inflexor said in a statement.
The funds will be used by the startup for product improvements, building its own developer community, and accelerating growth and global expansion.
“Awiros is one of the fastest growing video AI companies in India and this funding round will help us drive further global growth by increasing our market share, streamlining technical operations and by investing in R&D of existing and new product categories,” said Vikram Gupta CEO and Co-Founder of Awiros.
“Awiros’ approach is analogous to Android O/S, which enables the customer to quickly design and deploy AI-based solutions for their business needs,” said Chinnu Senthilkumar, Managing Partner at Exfinity Venture Partners.
Founded in 2015, Awiros develops an AI-based computer vision platform primarily for video processing. The company says it offers a video AI “applications” marketplace that enables its customers to quickly discover and adopt appropriate technology solutions.
According to the company, its average customer now subscribes to more than 10 apps, up from 4 in 2019.
Awiros is a device-agnostic operating system that eliminates the need for enterprise customers to upgrade, redesign, or reinstall new systems as video AI use cases change. are increasing, the company said in a statement, adding, “In the near future, Awiros aims to be the default platform for computer vision use cases.