Nayan Tech, a cutting-edge AI-based startup focused on smart city solutions, has successfully raised $2 million in a pre-Series A funding round. The round was led by BEENEXT, along with participation from notable investors such as We Founder Circle, Venture Catalysts, Lets Venture, and FAAD Capital. This investment will drive the company’s expansion efforts in India and internationally, particularly in the fields of traffic management, road safety, infrastructure monitoring, and driver behavior analysis using AI-powered dashcams.
Founded by Jayant Ratti, Nayan Tech specializes in offering smart city solutions aimed at enhancing urban management through advanced technologies. Their platform leverages AI and IoT to provide insights on traffic monitoring, municipal automation, fleet management, and passenger safety. By combining dashcams, drones, and mobile applications, the company collects and processes data to monitor traffic violations, assess infrastructure conditions, and evaluate driver behavior.
Nayan Tech’s innovative approach has attracted significant attention, signing up over 17,000 drivers across India who contribute crowdsourced footage to power its AI engine. With 35 contracted customers and 60 more in the pipeline, the company’s order book has reached a value of Rs 35 crore, signaling its growing influence in the AI-driven smart city ecosystem.
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