Cautio Mobile Technologies Pvt. Ltd., started by Ankit Acharya and Pranjal Nadhani, has secured Rs 6.5 crore and counts its pre-seed round of funding. The funding was spearheaded by Antler, 8i Ventures, and AU Small Finance Bank, with other customers and angels also contributing. Here we are talking about Video telematics startup Cautio raises Rs 6.5 Cr in pre-seed round.
Brief about Video Telematics
Video telematics is the integration of video and telematics technology to solve safety, accountability, and efficiency issues across industries. Today, AIS incorporates the use of cameras (dash cams) and sensors to analyze vehicles, their operators, and traffic conditions.
Cautio’s Vision
Cautio, the visual telematics start-up has a well-defined vision that is aimed at improving safety in the mobility and transportation sector in India. Cautio is an ambitious project designed to revolutionize road safety in India. With the country on the list of the most dangerous ones in terms of road tragedies, their goal is to minimize the number of accidents and their severity due to excessive speed or other reckless actions.
Cautio has ensured that the right to safety is granted to all people. Offering affordable video telematics products like dash cam solutions and an AI-based OS, they equip vehicle owners and drivers with the tools to act. Dispelling even the mere perception of passivity, Cautio prioritizes timeliness. They also constantly observe the driving patterns and improve safety, as well as clearing the path towards self-driving cars. Also, the major concerns of Cautio are safety, availability of service, and the use of technology to bring a positive change on India roads.
Cautio’s Mission
Cautio was developed to reduce safety concerns that characterize the transport industry in India. They offer affordable video telematics solutions that help address issues of driver behavior, lost revenues, and risk. Cautio works for institutions, mobility companies, and logistics service providers. It remains actively involved in several pilots throughout India where they fine-tune their solutions.
Cautio provides dash cam hardware that records videos at the moment. These cameras can be configured to accommodate various car makes and models as well as the needs of their users. The data collected from the video is processed by Cautio’s operating system based on AI technology. It is responsible, identifies dangerous behavior, and offers meaningful information. Cautio follows an API-based model which enables it to easily integrate with existing fleet management solutions and other applications.
Challenges Faced by Cautio in the Indian Market
As for Cautio, the video telematics startup, there are as well opportunities and threats in the Indian market. High accident frequency and road fatalities in India point at the necessity of safety solutions. Cautio is currently focusing on improving road safety by providing video telematics solutions, but solving this problem is not an easy task.
Cautio needs to strike a balance between compliance and growth in its operations. The Indian market is very competitive and becoming even more so with increased competition in the technology and mobility fields. Cautio faces competition from other players in the video telematics segment, including Safe Cams and LightMetrics. Nevertheless, these challenges have not deterred Cautio from coming up with unique solutions as well as more cost-effective than other firms that have the potential to revolutionize road safety in India.
Conclusion
Cautio is operating within the same industry as other players including Safe Cams, LightMetrics, and Qubo of Hero Group. With video telematics emerging as the go-to solution, this proposition makes Cautio ideal for expansion. Cautio’s pre-seed funding will fast-track their plans to push safety solutions across the country.
