# Provizio

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/provizio

- Industry: Consumer Products
- Headquarters: Limerick, Ireland
- Website: www.proviz.io
- Total disclosed funding: $6.2M
- Latest round: Seed (Nov 5, 2020)
- Investors on record: 2

## About

Provizio Ltd. is a technology company specializing in advanced perception solutions for Level 3 and above (L3+) vehicle autonomy, enhancing mobility applications through innovative radar sensing technologies.Founded in 2019, Provizio Ltd. operates from Limerick, Ireland, focusing on the development of perception technologies for autonomous systems. The company raised USD 6.2 million in Seed funding on November 5, 2020, from ACT Venture Capital and the European Innovation Council, with individual investors also participating. The company is co-founded by Barry Lunn, Denver Humphrey, Eamonn Boland, Luke Curley, Peter Ludlow, and Steve Christie, with Barry Lunn serving as CEO.Provizio specializes in advanced perception technologies designed to facilitate Level 3 and above (L3+) autonomy in various mobility applications. Their flagship product, the VizioR&I™, is the world’s first imaging radar sensor embedded with an NVIDIA Jetson Orin™ Nano, offering high-resolution, long-range perception capabilities in all weather conditions. The company’s product suite includes innovative solutions such as 5D Perception®, VizioSLAM™, and VizioPrime® 6K, aimed at enhancing automotive safety and supporting the deployment of autonomous systems across diverse sectors, including automotive, mixed mobility, industrial, and smart city applications. Provizio’s technologies are designed for seamless integration with existing systems utilized by Original Equipment Manufacturers (OEMs), Tier 1, and Tier 2 suppliers, primarily catering to clients in North America and Europe.For the most recent year, 2022, Provizio reported a revenue of USD 748,900.1. The company operates on a business model that emphasizes partnerships and direct sales, focusing on B2B transactions with automotive manufacturers and technology integrators. Revenue may be generated through licensing agreements and service fees associated with their proprietary technology solutions, including the VizioR&I™.Provizio Ltd. plans to leverage the USD 6.2 million raised in Seed funding to enhance its product offerings and expand into new markets. The company aims to develop additional innovative products and advance its existing technologies. Specific geographic regions targeted for expansion include further penetration into the European market and exploring opportunities in North America. The funding will support product development initiatives and marketing activities, enhancing Provizio's capacity to meet the growing demands of the automotive safety systems market.

## Funding rounds

- Seed, Nov 5, 2020, $6.2M — ACT Venture Capital, European Innovation Council

## Investors

- ACT Venture Capital (https://capitalatlas.ai/funds/act-venture-capital) — Seed
- European Innovation Council (https://capitalatlas.ai/funds/european-innovation-council) — Seed