NAYAN TECH Raises $2 Million in Pre-Series A Funding to Expand AI-Powered Smart City Solutions

AI startup NAYAN TECH raised USD 2 Million in Pre- Series A Funding from BEENEXT, We Founder Circle and others

Latest funds to help AI startup expand its AI and IoT-powered solutions to improve traffic management, road safety, driver behaviour monitoring and urban infrastructure across India. Nayan Tech, an innovative AI-based startup providing smart city solutions for traffic monitoring, municipal automation, urban infrastructure management driver behaviour monitoring, fleet management and passenger safety, has successfully raised an undisclosed amount in its Pre-Series A funding round led by BEENEXT and other investors includingWe Founder Circle, Venture Catalysts, Lets Venture, FAAD Capital. The funds will be utilized to expand Nayan's AI and IoT-powered solutions businessand operations in India as well as internationally, which harness data to address critical urban challenges, including traffic management, road safety, infrastructure monitoring and driver behaviour monitoring through Nayan's AI Powered Dashcam. Founded by Dr. Jayant Ratti, a robotics and AI expert with over 100 patents and a career spanning leading global companies like Boeing and DARPA, Nayan Tech aims to revolutionize how cities manage their urban infrastructure. Through the integration of AI, computer vision, and IoT devices, Nayan's solutions provide real-time insights for urban planners, city administrators, and businesses. "Nayan's AI-powered Dashcams are designed to provide city administrations and businesses with precise, real-time data that can help tackle the most pressing challenges of urban infrastructure, road safety and fleet management. Our technology ensures safer roads, more responsive city management, and optimized traffic flows through smart data utilization. Through a single deployment, Nayan is able to serve benefits to multiple government bodies and businesses like Transportation, Traffic Police, Civic Bodies, Insurance Companies and Fleet Companies. We are excited to have We Founder Circle's backing as we continue to scale our solutions across India and beyond," said Dr. Jayant Ratti, Founder & Managing Director of Nayan Tech. Commenting on the investment, Neeraj Tyagi, Co-Founder of We Founder Circle, added, "Nayan Tech is at the forefront of a transformation in urban management and smart city solutions. Their AI Dashcams and its data model have the potential to significantly improve road safety, traffic monitoring, and infrastructure management, which are critical for India's rapidly growing cities. We are proud to support Nayan Tech in their mission to make cities smarter, safer and more responsive." Nayan Tech leverages a combination of dashcams, dronesand smart mobile applications to collect vast amounts of data from vehicles, public transport, and delivery fleets. This data is processed using AI algorithms to monitor driver behaviour, traffic violations, infrastructure damage, and other critical factors that impact city life. The fast-growing startup has already signed up over 17,000 drivers across India, who provide crowdsourced footage to fuel its AI engine. Nayan's technology has gained traction with 35 contracted customers and 60 sign-ups in its pipeline, generating a total order book of INR 35 Cr. Nayan Tech's innovative approach is backed by a robust intellectual property portfolio, with over 70 technology patents spanning the US, India, and several other countries. The company's solutions are already being adopted by Transport Department, Traffic Police, Municipal Authorities, Fleet Companies, Smart Cities and the like providing real-time monitoring and actionable insights to enhance safety and efficiency. Nayan has also earned industry accolades, including but not limited to the AI Gamechangers Award, GPAI Summit 2023; NASSCOM Emerge 50 Awards 2023 and the National Start-up Award 2021, reflecting the company's commitment to technological excellence and impactful innovation. With the newly raised funds, Nayan Tech plans to expand its AI-powered offerings and scale its operations across more Indian cities as well as internationally in US, South East Asia, UAE and others. The company is now manufacturing its own AI powered Dashcams suitable for all vehicle types for real time updates on Driver Behaviour, Passenger Safety, Road and Urban infrastructure conditions, Traffic Violations Management as well as Fleet Management. About Nayan Tech NAYAN, an AI-based vision processing company, is revolutionizing road safety and traffic monitoring through its cutting-edge dashcam technology. The Nayan Dashcam, integrated with AI capabilities, is designed specifically for fleet management, law enforcement, and smart city applications. These dashcams collect real-time visual data, enabling traffic violation detection, road condition monitoring, and driver behavior analysis.

Nayan Tech Nets $2 Mn From BEENEXT, Others To Offer AI solutions For Traffic Monitoring Nayan Tech Nets $2 Mn From BEENEXT, Others To Offer AI solutions For Traffic Monitoring

The Delhi-based startup competes against the likes of Nota, Hayden AI and GridMatrix. Nayan Tech, an AI-laden startup offering smart city solutions for traffic monitoring, has raised $2 Mn (around INR 16.7 Cr) in a Pre-Series A funding round led by BEENEXT, along with participation from We Founder Circle, Venture Catalysts, LetsVenture and FAAD Capital. The startup will use the fresh capital to further bolster its AI and IoT (Internet of Things) solutions in both domestic and overseas markets. Apart from this, it also aims to address challenges in traffic management, road safety, infrastructure monitoring and driver behaviour monitoring via its AI-powered Dashcam. Founded in 2018 by Jayant Ratti, Nayan Tech offers AI-powered solutions and real-time insights on road conditions for urban planners, city administrators, and in B2B, B2G and B2C segments. "Nayan's AI-powered Dashcams are designed to provide city administrations and businesses with precise, real-time data that can help tackle the most pressing challenges of urban infrastructure, road safety and fleet management. Our technology ensures safer roads, more responsive city management, and optimized traffic flows through smart data utilization," said Ratti. The Delhi-based startup competes against the likes of Nota, Hayden AI and GridMatrix. The development comes at a time when generative AI (GenAI) has emerged as the flavour of the season. Building on top of large language models from Google and OpenAI, new-age tech startups are leveraging the emerging technology to build new use cases and cater to customers across various domains. This has spawned the rise of more than 100+ GenAI startups that call India home. As a result, the AI space has witnessed renewed interest from investors as these homegrown players have raised more than $600 Mn between 2019 and H1 2024. Last month, AI-powered finance operations automation startup Bluecopa raised $1.8 Mn (INR 14.9 Cr) in a Pre-Series A funding round from Blume Ventures, Dallas Venture Capital and Venture Catalysts.

NAYAN TECH Secures USD 2 Million in Pre-Series A Funding

Founded by Dr. Jayant Ratti, a robotics and AI expert with over 100 patents and a career spanning leading global companies like Boeing and DARPA, Nayan Tech aims to revolutionize how cities manage their urban infrastructure. Through the integration of AI, computer vision, and IoT devices, Nayan's solutions provide real-time insights for urban planners, city administrators, and businesses. "Nayan's AI-powered Dashcams are designed to provide city administrations and businesses with precise, real-time data that can help tackle the most pressing challenges of urban infrastructure, road safety and fleet management. Our technology ensures safer roads, more responsive city management, and optimized traffic flows through smart data utilization. Through a single deployment, Nayan is able to serve benefits to multiple government bodies and businesses like Transportation, Traffic Police, Civic Bodies, Insurance Companies and Fleet Companies. We are excited to have We Founder Circle's backing as we continue to scale our solutions across India and beyond," said Dr. Jayant Ratti, Founder & Managing Director of Nayan Tech.