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

NAYAN TECH Secures USD 2 Million in Pre-Series A Funding
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Nayan Tech has successfully raised an undisclosed amount in its Pre-Series A funding round led byBEENEXT 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 RattiFounder & 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.

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