Sheeva.AI Announces Follow-On Investment from Conscious Venture Partners
Summary
The investment will further accelerate the adoption of its connected vehicle technology and Open API platform for the automation of location-based services and in-car payments. Sheeva.AI is an alum of CVLs 2017 Accelerator Program in Baltimore (Cohort 3) and has received great support from CVL and CVP over the last four years. These investments reflect the growth Sheeva.AI has achieved in North America, APAC, and Europe and the momentum Sheeva.AI has for its in-vehicle services and payments API platform heading into 2022. , Managing Partner of CVP and Founder and Executive Director of Conscious Venture Lab, said, "I had the pleasure of leading Cohort 3 of our accelerator program which is where I met Evgeny and Sheeva.AIs (then Parkofon) founding team and have been a believer ever since. Their accelerator in Baltimore helped focus our approach and ultimately led to where we are today with offices in Turin, New Delhi, San Francisco, and Detroit. Sheeva.AI provides a flexible, low-cost platform that uses precise (< 2-meter accuracy) geolocation of connected vehicles – even in deep urban canyons – to enable contactless, automatic payments in the cloud.