PE-VC Fund Investments
Road-intelligence-focused AI startup Edgeverse raises Rs.3-Cr from GVFL
Bengaluru-based deep-tech company Edgeverse has raised INR 3-Cr in a funding round from GVFL. Previously, the company received INR 1.85-Cr in seed funding from ARTPARK.Founded in 2023 by Arindam Ghosh, Subrata Debnath, and Navaneeth A, Edgeverse develops edge AI-based perception technology for mobility. The company is building a hardware-agnostic perception stack that integrates edge AI with sensors such as cameras and radar. Its flagship offering, Perceiva ARAS, is an advanced rider assistance system software stack designed for camera and radar applications.The company plans to use the new funds for growth, which includes the development of India-specific road intelligence, camera and radar technology, and the commercialisation of its AI-powered perception solutions. Over the next six to twelve months, it intends to build an Indian road dataset covering 100,000 kms, develop a 2MP camera and a 77 GHz radar module, and secure multiple commercial agreements for its ARAS and driver monitoring system solutions.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
