Dutch startup Perciv AI, which develops AI-powered perception solutions using next-generation radars for various fields, has secured €2.5 million in a seed funding round to transform and democratize radar perception for autonomous systems. The round was led by DayOne Capital and Keen Venture Partners.
- Perciv AI was founded in 2022 by Balazs Szekeres, Andras Palffy, and Srimannarayana Baratam. The firm uses AI-driven radar and radar-camera fusion technology to provide reliable environmental perception for automated systems, robots, and vehicles.
- The technology works across various radar types, ranges, and use cases, offering performance comparable to LiDAR at a lower cost.
Details of the deal
- The seed round was led by DayOne Capital, a venture capital firm that supports early-stage deep tech startups, and Amsterdam-based Keen Venture Partners.
“Investing in Perciv AI aligns perfectly with our vision of supporting transformative technologies that not only drive cost efficiencies for OEMs but also pave the way for safer, smarter, and more sustainable mobility across industries," Managing Partner at DayOne, Dr. Csaba Kakosy, commented.
- The round saw participation from Vinci Venture Capital, a Dutch firm that invests in early-stage European tech companies focused on energy, mobility, logistics, and Industry 4.0.
“Perciv AI demonstrates the innovation and resilience we value, backed by their proven market fit and strong interest from leading automotive and industrial players. We are proud to be part of their journey," Investment Director at Vinci, Aylin Girgin Ozbilis, stated.
- The fresh capital will enable the startup to scale its operations and deliver AI-powered radar perception solutions to market.
