Inflection Point Ventures leads seed round in AI startup Sapience Automata

Inflection Point Ventures has led a seed round of Rs 1.75 crore funding in AI-powered driver assistance technology startup Sapience Automata, the company announced today, April 18.

The startup plans to use the funding for growing sales for driver cameras, building key partnerships in the automotive domain, continuing to develop advanced driver-assistance systems (ADAS) technology, and filing international patents, it said in a statement.

Founded in 2021, Sapience Automata focuses on revolutionising road safety in India through plug-and-play driver assistance technology. Their goal is to eliminate accidents by leveraging advanced AI and autonomous driving tech. 

"Most of us know someone whose family member or close one has experienced a major road accident.  It is an unfortunate reality that can't be helped, given our dependence on different modes of transportation and driver's circumstances. Sapience, with their AI-powered tech, reduces such unavoidable reality. IPV will always focus on supporting startups that offer innovative solutions to significant problems, and Sapience’s approach is one we’ll continue to endorse," said Vikram Ramasubramanian, partner, Inflection Point Ventures.

"India reports 1.5 lakh deaths and 5 lakh critical injuries every year from road accidents and it's growing. We are committed to reducing road accidents in India by 90% by 2030. We started by building plug-n-play cutting-edge ADAS technology custom-made for Indian conditions, to prevent road accidents due to human errors such as distraction and drowsiness," said Satyajit Neogi, CEO & CTO, Sapience Automata

Inflection Point Ventures (IPV) is an angel investing platform with over 12,000 CXOs, HNIs, and Professionals to together invest in startups. The investment firm has announced the launch of a $50 million CAT 2 AIF, Physis Capital, to invest in pre-Series A to Series B growth-stage start-ups.