NATIX, a Hamburg, Germany-based company that builds NATIX Network, a decentralized network of cameras creating a real-time map of cities, raised $3.5 million in seed funding.
The round was led by Blockchange Ventures, a New York-based VC firm, with participation from strategic investors, including XYO, Mysterium Network, CVVC, Mulana Capital, and Blockarm Capital along with previous investors – Techstars, Plug and Play Ventures, and CoinIX Capital.
The funds will help grow NATIX Network and further develop the Drive& app.
Drive& is an innovative driver companion app that rewards users for every street crossed and city navigated and is one of the first products of the NATIX Network, targeting over 1.5 billion smartphones with AI-accelerated chips and more than a billion drivers worldwide.
Alireza Ghods, co-founder and CEO of NATIX, said: “We’re enabling citizens to play a part in improving their cities through their smartphones and get rewarded for it. In the future, cities and mobility companies will be able to use this data to transform their operations and improve existing infrastructure at a fraction of the cost. We’re excited about the potential of this technology to improve our world for the better and we’re delighted to have the support of our new and existing investors to make this a reality.”
NATIX builds a Decentralized Physical Infrastructure Network (DePIN) of cameras that uses AI to create a real-time map of cities while protecting privacy by avoiding capturing personal data. The company's first product, the Drive& app, is a drive-to-earn mobile app that uses a camera to collect geospatial data such as traffic volume, infrastructure damages, and objects like traffic signs.
The company's technology has been trusted by renowned organizations such as E.ON, Deutsche Telekom, and the City of Den Haag, all of whom have benefited from its range of products.
Company: NATIX GmbH
Raised: $3.5 million
Round: Seed
Funding Month: April 2023
Lead Investors: Blockchange Ventures
Additional Investors: XYO, Mysterium Network, CVVC, Mulana Capital, Blockarm Capital, Techstars, Plug and Play Ventures, and CoinIX Capital
Company Website: https://www.natix.io/
Software Category: Video Analytics Solutions
About the Company: Founded in 2020 by Alireza Ghouds, Omid Mogharian, and Lorenz Muck, NATIX is a provider of real-time video analytics solutions. It enables easy deployment of AI models across a network of cameras and turns the camera to an intelligent device that can perform on-camera video analytics. It also enables cameras to exchange data, applications, and computation power to perform functions such as data fusion independent of cloud infrastructure. The company has built its proprietary AI technology that can make any camera smart and privacy compliant.
Source: https://techfundingnews.com/natix-snaps-3-5m-to-build-a-real-time-map-of-the-world-using-ai/