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NAYAN Technologies

India, Delhi
Market: Artificial Intelligence
Stage of the project: Operating business

Date of last change: 16.06.2022
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Idea

NAYAN is 'Computer Vision' company that provides 'Actionable Intelligence' of Road and Infrastructure Operations using 'Incident Identification' & 'Hyperlocal Visual Information' of the real world.

Current Status

We are in growth stage. Our revenues for year 2021 is 300 KUSD and for 2022 - realised revenues 3 MUSD and booked revenues are 8.8 MUSD - accelerated by our expansion and new Direct to Consumer SAAS Website Launch.

We offer our technology solutions in two formats - Enterprise Hybrid Cloud Model, for large clients ( Both Government and private businesses), and SAAS Search Engine Platform, as a Direct to Consumer Solution.

We are post revenue and have long term contracts with clients like Dubai Police, Dubai Port World etc. Our presence is expanding, as we are currently implementing Pilot projects for Abu Dhabi Police, Sharjah Police, and Smart Cities in India.

Market

Governments - Traffic, police and Municipal Agencies
Commercial Businesses that are into 'last mile' delivery

Problem or Opportunity

Roads and traffic of the cities are riddled with non-compliances, defects, dangers and low efficiency, from traffic violations, rough driving, broken infrastructures, unmanaged regulatory framework and much more.

Solution (product or service)

Nayan focuses on bringing order to chaos by monitoring of Vehicles, Transportation, Road Infrastructure and any event of relevance in the Public Domain by using Crowdsourcing and Artificial Intelligence.

From visual data about Traffic Violations, to visual updates on Infrastructure, to tracking Last mile Delivery Drivers on the road, we provide valuable and actionable insights to our clients that consist of Government bodies and Businesses / Direct Consumers.

Competitors

1. Live Road Analytics
2. https://hazen.ai/
3. iMerit

Advantages or differentiators

Our differentiator is our Patented Data Collection & AI Training System. With over 70 Patents globally, we offer a unique Hardware Agnostic OPEX based Monitoring and Data collection model, in addition to CAPEX models. This gives us a massive advantage over other Supervision , Monitoring and Data collection companies that require Capital and Implementation time in setting up hardware. With NAYAN, clients can set up projects to collect visual data within days.

One of the biggest differentiators is the social impact of our product as well as our operations. Our patented Data Collection Models allow us to leverage the power of the Citizens to provide invaluable data, while also providing additional employment opportunities by crowdsourcing our operational workforce.

Business model

We offer our technology solutions in two formats - Enterprise Hybrid Cloud Model, for large clients ( Both Government and private businesses), and SAAS Search Engine Platform, as a Direct to Consumer Solution.

Revenue Models =
Enterprise Hybrid Cloud Model - Ticket Size 300K to 4 M USD
SAAS Search Engine Platform - 2K USD per month per 10K hours of Monitoring

Money will be spent on

We are currently looking to raise a Pre- Series A round, primarily to fund our expansion and for operations.

We are post revenue and have long term contracts with clients like Dubai Police, Dubai Port World etc. Our presence is expanding, as we are currently implementing Pilot projects for Abu Dhabi Police, Sharjah Police, and Smart Cities in India.

Pre- Series A round is to primarily to fund our expansion in Middle East, Europe and India on the data collection & platform / SaaS models.

Offer for investor

1.5 MUSD for upto 10% of the company, considering all terms and conditions

Team or Management

Risks

As AI technology maturing, our product concept became highly imitable. This may result in tough competition and slow growth. Our risk mitigation strategy is our patented data collecting and analysis methods. Also we are looking to upgrade payments and payout systems to blockchain to expand faster

Incubation/Acceleration programs accomplishment

Google Accelerator, 2019
Dubai Future Foundation program, 2019

Won the competition and other awards

We have won a number of National and International Awards

VIVA TECH 2022, Paris - Finalist
National Startup Awards 2021 - Winner
All AI Virtual Summit 2020
INK Fellow - 2019-20 (Jayant Ratti, Founder & Managing Director)
GITEX 2019 - Startup of the year
RAISE AI 2020 - Winner of Smart of Mobility and Transportation
Dubai Future Accelerator 2019 - Finalist

Founder's Interview on Nayan’s vision - https://www.youtube.com/watch?v=MgmW5XyjohU

Invention/Patent

70+ patents globally in 'Using AI for Event Identification' and 'Crowdsourcing Data from different sources'.

Product Video

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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video