Staqu, has raised Rs 11 crore as part of its pre-Series A funding from Mount Judi Venture and SIS Limited. IAN (Indian angel network), the existing investor in Staqu, took a partial exit in the round.
The startup executed an ESOP buyback worth Rs 1.5 crore to recognize and reward its employees’ contributions to the company’s growth.
Staqu will be using funds to fulfill the current demand for its innovative AI-based audio-video analytics technology JARVIS in the international and domestic markets also to support the brand’s presence globally, and build powerful AI propositions to solve the safety, security, and analytics problems.