VC Fund Investments
Video telematics startup LightMetrics raises $8.5 M from Sequoia
Bengaluru-headquartered LightMetrics, a video telematics startup serving commercial vehicles, has raised USD 8.5 million from Sequoia Capital India. The startup sells software that analyses video feeds from cameras installed in vehicles to better understand driver behaviour, reduce accidents and improve safety. LightMetrics will use the funds to hire more people across the engineering, customer success, product, marketing, sales and analytics functions. The funding will also be used to explore opportunities such as auto insurance. LightMetrics had earlier raised USD 1.8 million in two rounds led by Beenext.
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