# 56 AI Technologies Pvt

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/56-ai-technologies-pvt

- Industry: Consumer Services
- Headquarters: Bangalore, India
- Website: www.56secure.com
- Total disclosed funding: $10M
- Latest round: Seed (Apr 13, 2022)
- Investors on record: 2

## About

56 AI Technologies Pvt Ltd. specializes in providing advanced safety and security solutions through an integrated platform, utilizing AI technology to enhance surveillance and monitoring for various clientele.Established in 2020, 56 AI Technologies Pvt Ltd. is based in Bangalore, India. The company focuses on delivering innovative security solutions and has successfully completed 2 deals to date. In April 2022, it raised INR 619.24 million in Seed funding, led by Nexus Venture Partners and QED Innovation Labs. The CEO is Troels Licht, one of the co-founders alongside Harshit Sharma, Rajiv Subramanian, Ritu Shrotriya, and Sacheth Kadam.56 Secure offers an integrated safety and security platform designed to cater to a diverse clientele, including residential homes, commercial stores, gated societies, and enterprises. Their core product offerings include AI-powered cameras, professional monitoring services, and manned guarding solutions, all of which operate through a user-friendly application. The AI cameras provide real-time surveillance and data storage, ensuring users have full visibility of their security landscape. The company serves a wide range of end users who prioritize safety, including families, business owners, and property managers. Geographically, 56 Secure markets and sells its products and services across urban regions in India, targeting areas with high population densities and security needs.In the most recent year of 2023, 56 AI Technologies Pvt Ltd. reported a revenue of INR 394,074.80, and an EBITDA of -INR 3,811,286.20, reflecting their operational performance during the year.Following the recent funding round in April 2022, 56 AI Technologies Pvt Ltd. plans to leverage the raised INR 619.24 million to enhance its product offerings and expand into new markets. The company is developing additional AI-based security products aimed at both individual consumers and businesses. They target expansions into other high-density urban markets in India, with plans to initiate this growth by the end of 2023.

## Funding rounds

- Seed, Apr 13, 2022, $8.1M — Nexus Venture Partners, QED Innovation Labs
- Seed, Jan 20, 2021, $2.1M — Nexus Venture Partners

## Investors

- Nexus Venture Partners (https://capitalatlas.ai/funds/nexus-venture-partners) — Seed
- QED Innovation Labs — Seed