California and Hyderabad-based deep technology startup DreamVu Inc. has raised an undisclosed amount in a strategic funding from SRI Capital, an early stage venture capital firm of veteran entrepreneur Sashi Parvatha Reddi.
Founded in 2017 by Rajat Aggarwal and Rohan Bhatial, who are both graduates from International Institute of Information Technology (IIIT), Hyderabad, DreamVu has developed the world’s first omni-stereo camera hardware and software platform for unifying human and machine vision, which means a platform for both human and machine vision.
The startup will use the freshly raised capital to innovate further and also in taking its products to the early adopters as development kits and also use funds for fulfilling its vision of enabling futuristic capturing technologies such as in autonomous machines. In order to disrupt the autonomous guided robotics landscape the startup is selling to and partnering with system integrators worldwide.
The startup has developed a power and cost-efficient omni-directional camera platform inspired by human binocular vision and perception. It helps in providing augmented navigation capabilities and a full scene-understanding of unconfined and dynamic environments to autonomous robots.
The start was also a part of AVISHKAR Deep Tech Accelerator, a DeepTech early stage accelerator at IIIT-Hyderabad Foundation.
DreamVu platform’s 7D output enables live VR streaming and preview, seamless localization and mapping, and object tracking to name a few. We capture 4D light field function into a single sensor, which simplifies the processing pipeline.
The startup aims to revolutionize the way reality is being captured with by applying its its camera technology in a wide range of verticals including VR, AR to autonomous machines (vehicles, drones and robots) to smart invasive systems.
Jay Krishnan, partner at SRI Capital, said, “SRI Capital is committed to backing startups with IP in areas that form the frontiers of new technologies. We were thrilled to see DreamVu’s solution with an optics- first approach that allows sensors and optics to disrupt value chains long powered by electronics and software. DreamVu is well positioned to transform the autonomous guided space with its product- portfolio and stellar backing through its advisers, investors and the operating team.”
Krishnan, who was earlier the CEO at T-Hub, the largest startup accelerator in Hyderabad, has recently joined SRI Capital in October.
“We are privileged to have partnered with a startup born here in Hyderabad and formed by young and ingenious entrepreneurs. We are positive that the value we provide in addition to this investment will significantly accelerate DreamVu’s growth curve in new markets,” added Jay Krishnan.
DreamVu is the second firm from IIIT-Hyderabad in which SRI Capital has invested. SRI Capital had launched its maiden $100 million technology focused fund in July to invest in startups in US and India. In the last five years, SRI Capital has invested in 36 startups.
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