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Video telematics startup Lightmetrics on Wednesday said it has raised USD 8.5 million (about Rs 69 crore) in a funding round from Sequoia Capital India. The Bengaluru-based platform uses edge AI and analyses video feeds from the camera installed in vehicles to better understand driver behaviour, and reduce accidents and improve safety. It claims to serve over 2,500 fleet across India, the Middle East, the US, Canada, Mexico, Brazil, Australia, and South Africa. The company will use the funds raised in Series-A round to strengthen its teams from the engineering, customer success, product, marketing, sales and analytics sides for growth. Lightmetrics was founded in 2015 by Soumik Ukil, Ravi Shenoy, Mithun Uliyar, Gururaj Putraya, Pushkar Patwardhan and Krishna AG, who had worked together at Nokia Research on computer vision and ML for cameras.
Telemarketers have to be registered on the DLT platform
With an aim to evolve a synergistic framework for wider collaboration amongst the key stakeholders Centre for Development of Telematics (C-DOT) is organising a two-day global IoT/M2M conference in Delhi, informed the Ministry of Communications on Thursday.The conference was conducted in association with the Department of Telecommunications, Government of India and Telecommunications Standards Development Society India (TSDSI), here yesterday.The conference is centred on the theme 'Growth of IoT/M2M ecosystem through standardised implementations which aims to evolve a synergistic framework for wider collaboration amongst the key stakeholders of IoT/M2M ecosystem spanning R & D, academia, Government, industry, start-ups, global Telecom associations and Standards Development Organisations. This would facilitate the faster development of innovative, standardised and interoperable IoT/M2M solutions for wide-ranging applications in diverse areas."The world is experiencing a new era of a
The official said Tata's recently acquired subsidiaries Tejas Network and Saankhya Labs would also participate in producing necessary equipment as per the deal
Like aeroplanes, vehicles too have their own version of 'black box' which monitors driving habits, vehicle usage and distances covered. They are called telematics. Find out more about it here
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Hari Balakrishnan of MIT has been working on inferring bad driving behaviour using sensor data from phones and other IoT devices in vehicles to help reduce thousands of road crashes each year
Infosys said it would enable remote monitoring and diagnostic capabilities including vehicle access control, system maintenance, condition sensing and location tracking
This form of device-based insurance uses GPS to measure how much a car runs and the speed that it is run at