Nervanik AI Labs Pvt. Ltd.
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Nervanik AI Labs Pvt. Ltd. - overview
Established
2018
Location
New Delhi, -, India
Primary Industry
Software
About
Nervanik AI Labs Pvt. Ltd. , based in India, develops an AI-driven platform designed to enhance driver attentiveness and fleet safety, leveraging advanced technologies to minimize driving risks and improve operational efficiency. Founded in 2018 and headquartered in New Delhi, India, Nervanik AI Labs Pvt.
Ltd. specializes in AI technologies for driver and fleet safety. The company has successfully completed one funding deal, which took place on February 1, 2021, led by investor Roadzen. The CEO, Nisarg Pandya, continues to lead the company, contributing his expertise to its growth.
driveBuddyAI, a product of Nervanik AI Labs, offers an intelligent driver and fleet safety platform utilizing EdgeAI and CloudAI technologies. It provides real-time analysis of driving behavior, generating alerts that help drivers avoid accidents and manage risks. Targeting commercial fleet operators, driveBuddyAI aims to improve safety and operational efficiency by addressing specific challenges in the Indian driving environment. In the most recent fiscal year of 2023, Nervanik AI Labs generated revenue of USD 15,347.
70, while reporting an EBITDA of USD -595,234. 70. The company operates on a subscription-based revenue model, with clients engaging in multi-year contracts for access to its platform and services. Following the funding secured on February 1, 2021, Nervanik AI Labs Pvt.
Ltd. plans to utilize these resources to enhance its product development and expand its hardware offerings across India, Europe, the US, and China. The company is focused on launching new products designed to further improve fleet safety and driver performance, with specific timelines for market entry yet to be disclosed.
Current Investors
Roadzen Inc.
Primary Industry
Software
Sub Industries
Hardware, Monitoring & Security Software
Website
www.drivebuddyai.co
Verticals
Artificial Intelligence, IoT (Internet of Things), Manufacturing
Company Stage
Early Stage
Total Amount Raised
Subscriber access only
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