LightMetrics, a Bengaluru, India-based video telematics solution company, raised $8.5M in funding.
Backers included Sequoia Capital India.
The company intends to use the funds to expand its business reach.
Founded in 2015 by Nokia alumni Soumik Ukil, Ravi Shenoy, Mithun Uliyar, Gururaj Putraya, Pushkar Patwardhan and Krishna A.G, LightMetrics provides telematics service providers (TSPs) with tools to launch their own branded edge AI powered video telematics solution. Its flagship no-code video telematics platform, called RideView, allows fleets to gain visibility into risky behaviors like distracted driving, tailgating, cell phone usage, overspeeding, stop sign violation, poor lane keeping and fatigue among several others. Intuitive workflows to retrieve videos, recognize good drivers and coach drivers helps fleet managers protect the fleet, improve driver engagement and reduce accidents.
The solution is deployed across the US, Canada, Mexico, Brazil, Australia, South Africa, Middle East and India.
FinSMEs
05/04/2023