Video AI startup Awiros raises $7 million in Series A funding

Awiros, a deep-tech startup on Wednesday raised $7 million in Series A funding. The funding round, which was led by Inflexor Ventures and Exfinity Venture Partners, also saw participation from VedaVC, leading family offices, and ultra high-net worth individuals (UHNIs), the company said.

The startup offers a marketplace of video AI called Apps, that aims to help customers discover and adopt technology solutions.

This funding round will allow Awiros to hire more people in India and the US across technology and sales-related functions.

The market for video AI solutions across automation, safety, and process monitoring is projected to reach $27 billion by 2030, the company added.

“As cameras become even more ubiquitous globally there will be a huge addressable market for their products. Awiros investment fits very well with Inflexor’s deeptech/tech IP theme and backing solid founders in this space,” said Jatin Desai, managing partner at Inflexor Ventures