Nikhil Kamath-led WTFund has invested in BYTES, a home agency which develops AI-powered Superior Driver-Help Methods (ADAS) for two-wheelers.
The funding is a part of WTFund’s second cohort for 2024 and can help BYTES’ aim of enhancing highway security utilizing synthetic intelligence (AI) and pc imaginative and prescient. BYTES goals to deal with the excessive variety of world highway accidents involving two-wheelers, a good portion of that are attributed to human error. The corporate plans to launch pilot packages with two-wheeler producers and can be getting ready to shut a pre-seed funding spherical within the coming months.
A system to cut back collisions and fatalities
BYTES’ know-how focuses on predicting and stopping accidents by detecting high-risk eventualities and offering real-time help to riders. This AI-powered security system goals to cut back collisions and fatalities. The corporate’s imaginative and prescient is to make security an integral a part of two-wheeler driving, relatively than an afterthought. The current funding will facilitate the combination of BYTES’ system into real-world purposes.
World highway accidents are a major concern, with over 50 million occurring yearly. Two-wheelers are concerned in 60% of those accidents, and human error is a contributing consider 90% of all crashes. The shortage of satisfactory security options will increase the chance of fatality by 40%. BYTES seeks to deal with this crucial situation by means of its superior know-how.
“At BYTES, our mission is to create a future the place no two-wheeler accident leads to a preventable lack of life. AI and vision-based intelligence will play a vital function in guaranteeing that security is not an afterthought however an integral a part of driving,” stated Prakhar Agrawal, Co-founder & CEO of BYTES.
New normal for two-wheeler security
The partnership underscores the potential of AI in enhancing highway security for two-wheelers. BYTES is adopting a technology-focused technique to enhance two-wheeler security.
“The help from WTFund is a robust validation of our work and can speed up our efforts to carry AI-powered security to tens of millions of riders. Our focus is to bridge the security hole for two-wheelers with a scalable, technology-first strategy,” added Aayush Kumar, Co-founder & COO of BYTES.
The pilot packages with main two-wheeler Authentic Gear Producers (OEMs) symbolize a key step in BYTES’ growth. These real-world checks will enable the corporate to refine its system for broader adoption. BYTES goals to set a brand new normal for two-wheeler security. The combination of BYTES’ know-how with OEMs marks a major milestone in selling safer driving practices.
Pre-Seed funding spherical
BYTES, at present within the means of securing its pre-seed funding spherical, is in search of strategic buyers who share its imaginative and prescient of enhancing highway security by means of AI innovation. The extra funding will additional help product growth and broader deployment of BYTES’ know-how. This funding shall be essential for increasing the attain of BYTES’ AI-powered security programs.
