Tech
Auto AI firm Intangles logs $30 million led by Avataar Venture Partners
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Intangles, a predictive artificial intelligence (AI) platform for automobiles, has raised $30 million led by Avataar Venture Partners, with participation from Baring India Private Equity and Cactus Partners.
The company aims to utilise the funds for the global deployment of its predictive AI systems for fleet maintenance and management. The company claims its tool Inroute can warn fleet owners of upcoming vehicle failures along with the exact causes about a month in advance, with close to 95% accuracy.
“We are building a physics-based foundational AI…
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