AI powered Smart City Solution startup Hayden AI secured $5 Million in funding

Hayden AI

Hayden AI, a California-based urban mobility company, has now secured $5 million in a funding round.

Hayden AI is founded by Chris Carson, Vaibhav Gadiok, and Bo Shen in the year 2019. It provides urban mobility solutions, which enable cities to bring safe, healthy, and equitable mobility to the public. 

Executive Opinion

Chris Carson, Co-Founder & CEO of Hayden AI, said, "We envision a world with safe roadways, efficient transportation, and fair and equitable mobility for all. Leveraging our expertise in the autonomous vehicle space, we've created technology that does just that. This funding enables us to connect additional smart cities and move forward with our vision."

Autotech Ventures' Alexei Andreev, said, "AI offers new possibilities for smart cities. Transforming real world data into meaningful, specialized insights will be crucial to shaping the future of urban transportation around the world. Focused on scalability, collaboration and results, Hayden AI is uniquely poised to lead the way. We are excited to partner with them and support the development of this critical solution."

Hayden AI's Latest Funding

By leveraging edge computing and Artificial Intelligence to process real-time data from mobile cameras, Hayden's AI-powered platform is able to create vast and detailed situational awareness.

Paired with a knowledge and reasoning engine that fully automates the detection of any kind of traffic violation, the solution eliminates the need for human review, inherently filtering out inefficiencies and bias.

The Autotech Ventures led the latest funding round. Other participating investors include Tsingyuan Ventures, Bootstrap Labs, etc.

The company as of now has plans to use the new funds to accelerate product development to help cities avoid traffic fatalities and improve efficiency,  notes the announcement.
PC: Pablo, Pixabay

Note: We at TechSutram take our ethics very seriously. More information about it can be found here.
Udit Agarwal Opinions expressed by techsutram contributors are their own. More details

Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

No comments:

Post a Comment

    Your valuable comments are welcome. (Moderated)