Hayden AI Technologies, a San Francisco, CA-based startup that provides traffic violation enforcement services using image analysis technology, received an investment from ME Innovation Fund (TOKYO: 6503).
The amount of the deal was not disclosed.
The company intends to use the funds to expand operations and its business reach.
Hayden AI Technologies uses cameras mounted on school buses and other vehicles to detect traffic violations via image analysis. Violations are reported immediately to the relevant authorities, together with the relevant image data. This service contributes to improved urban traffic safety by enabling violations such as parking infringements to be enforced more efficiently. The company also offers a traffic volume forecasting solution that utilizes accumulated image data, which it plans to develop into a business urban traffic optimization platform to pitch to major cities around the U.S.
FinSMEs
08/12/2023