What does Obvio do?
Obvio develops and deploys AI-powered, solar-powered traffic cameras designed to improve road safety by preventing traffic deaths and rebuilding public trust on the roads.
How much did they raise?
The company raised $22M in Series A funding, with the round led by Bain Capital Ventures and participation from Khosla Ventures and Pathlight Ventures.
What are their plans for the money?
With the new funds, Obvio plans to expand nationally and grow its team, which could greatly increase the adoption of its innovative technology and enhance traffic safety in cities.
What have they achieved so far?
Obvio's AI-powered cameras have already made an impact, helping to reduce traffic violations by over 50% in cities where they have been deployed.
