Hungarian startup Perciv AI has secured €2.5 million in a seed round to transform radar perception for autonomous systems. The round was led by Day One Capital Ventures and Keen Venture Partners, with support from Vinci Venture Capital. The company shared the news on its LinkedIn page.
About Perciv AI
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Perciv AI is a Belt-based startup founded in 2022 by Hungarians Balazs Szekeres, Dr. Andras Palffy, as well as Srimannarayana Baratam. The company offers AI-based perception solutions for multiple fields, often with the help of next-generation radars.
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Perciv AI radar-based perception technology reduces accidents by enabling autonomous systems to function seamlessly in challenging environments. This has far-reaching implications for industries such as automotive, robotics, and aerospace, and opens up new possibilities for public safety and smarter mobility solutions globally.
Investment details
The round was led by Day One Capital Ventures and Keen Venture Partners, with support from Vinci Venture Capital.
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Day One Capital Ventures is a Hungarian early-stage technology investor, managing privately financed funds and focusing on Central Eastern European teams.
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Keen Venture Partners is a radically human venture capital firm that backs exceptional founders across Europe from Seed to Series B, and is based in both the Netherlands and the UK.
Perciv AI will use the funding to expand its operations further and scale its radar-based perception solutions across various industries such as automotive, robotics, and aerospace.
