Gurugram-based Awiros a deep-tech start-up that develops an AI-based computer-vision platform primarily for video processing has raised a funding of $7 million. The current round of funding was led by Inflexor Ventures and Exfinity Venture Partners. It also saw participation from VedaVC.
Awiros offers a marketplace of Video AI “Apps” that allows its customers to discover and adopt suitable technology solutions quickly. Enterprises have been actively deploying video AI solutions across automation, safety, and process monitoring where the market is projected to reach USD 27billion by 2030, based on various research studies.
The company aims to utilise the funding towards product enhancement, building its developer community, and business growth in India and overseas markets. This funding round will allow Awiros in augmenting the 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 company was founded by Vikram Gupta and Yatin Kavishwar in 2015.
The AI-powered apps are used by companies for video processing, face recognition, mask detection, fire detection, and vehicle counting.