Video AI startup Awiros raises $7 million in Series A funding

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Video AI startup Awiros raises $7 million in Series A funding
Video AI startup Awiros raises $7 million in Series A fundingWikimedia commons
  • Inflexor Ventures and Exfinity Venture Partners led the funding round that also saw participation from VedaVC.
  • The company aims to use the funds for growing its business in India and overseas markets.
  • The market for video AI solutions across automation, safety and process monitoring is projected to reach $27 billion by 2030, the company said
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Awiros, a deep-tech startup on Wednesday raised $7 million in a Series A funding. The funding round, which was led by Inflexor Ventures and Exfinity Venture Partners, also saw participation from VedaVC, leading family offices and ultra high-networth individuals (UHNIs), the company said.


The startup offers a marketplace of video AI called Apps, that aims to help customers discover and adopt technology solutions.


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“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,” said Vikram Gupta, CEO and co-founder of Awiros.


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, he added.
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This funding round will allow Awiros to hire more people in India and the US across technology and sales-related functions.


The market for video AI solutions across automation, safety and process monitoring is projected to reach $27 billion by 2030, the company added.


“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 Jatin Desai, managing partner at Inflexor Ventures.

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Awiros was founded in 2015 by Vikram Gupta and Yatin Kavishwar. Gupta is a computer engineer with a PhD from Carnegie Mellon University. Kavishwar has worked in organisations like Cisco and IBM.

Awiros uses a device-agnostic Operating System (OS) for easy development and delivery of video AI applications. The company is planning to be the default platform for computer vision use-cases that would allow developers to create and deploy computer vision applications in large-scale projects, much like app-stores for smartphones.

Chinnu Senthilkumar, 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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