Raven Connected has successfully raised $10 million in a Series A funding round led by TELUS Global Ventures, with participation from Export Development Canada (EDC) and existing investors Celtic House Venture Partners and Graphite Ventures. This investment aims to accelerate Raven’s initiatives in the AI and video telematics space, enhancing fleet and smart city operations. The funding will enable Raven to introduce advanced AI and Machine Vision functionalities, position its V2X feature set as a market leader, and expand its workforce by over 25%. Raven’s CEO, Dan Carruthers, expressed gratitude towards the investors for supporting their vision of democratizing video telematics and expanding their market reach beyond North America. TELUS Global Ventures emphasized the strategic importance of this investment in creating safer and more efficient road networks. EDC’s involvement underscores its commitment to supporting innovative Canadian companies like Raven Connected.

Connected Vehicle Technology, Telecommunications, Private Equity & Venture Capital,Canada, North America

https://www.celtic.vc/latest-news/Raven Connected Closes $10 Million Funding Round, Fuelling its Expansion in the Connected Vehicle Landscape