Nayan Tech Secures $2 Million in Pre-Series A Funding
Mumbai, India – Nayan Tech, a pioneering AI-based startup, has successfully raised $2 million in its pre-Series A funding round, led by BEENEXT and other notable investors. This strategic investment will enable the company to further develop and deploy its innovative smart city solutions, focusing on traffic management, road safety, infrastructure monitoring, and driver behavior analysis.
Founded by Jayant Ratti, Nayan Tech has established itself as a leader in the smart city solutions space, leveraging AI and IoT technologies to create data-driven insights for urban communities. The company’s platform aggregates data from various sources, including dashcams, drones, and mobile applications, to monitor and analyze driver behavior, traffic patterns, infrastructure damage, and other critical factors affecting city life.
Key Highlights:
- Strategic Funding: The $2 million raised will propel Nayan Tech’s growth, both domestically and internationally, as it expands its operations and solutions.
- Crowdsourced Data: Over 17,000 drivers across India have already signed up to contribute to the platform’s AI engine using their dashcam footage.
- Traction and Adoption: The startup has secured contracts with 35 customers and has 60 more signed up for its solutions, with a total order book valued at Rs 35 crore.
Nayan Tech’s cutting-edge technology has the potential to revolutionize the way cities manage their infrastructure, ensuring improved safety, efficiency, and resident satisfaction. With this significant investment, the company is well-positioned to continue driving innovation and growth in the smart city solutions space.
