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- First-time founders and siblings Sahas and Sanketh Katta started Smartcar, an autonomous driving technology startup, in 2014 with $2 million in seed funding from legendary VC firm Andreessen Horowitz
- Rather of concentrating on sensing units and other traditional technologies, the Katta bros set out to build a universal software program that any car maker might plug and play with different makes and models.
- Sahas Katta stated that, while he and Sanketh were investigating how to pitch investors, they came across describes and design templates for customer start-ups, but barely any for business or developer-focused start-ups.
- Smartcar was most recently valued at $41 million after a $10 million Series A funding round in March2018
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The preliminary buzz around autonomous driving innovation hasn’t rather disappeared.
Smartcar wasn’t one of them.
The developer-focused start-up constructs software application that allows developers to develop applications on top of car computer system systems, otherwise known as an API.
The problem was, according to Smartcar cofounders and siblings Sahas and Sanketh Katta, that each cars and truck maker had a different software application stack, implying those designers would have to develop totally different application for each brand name.
The company eventually chose to lead Smartcar’s $2 million seed round in March 2014, according to Pitchbook, and returned for the startup’s $10 million Series A in March 2018.
Here is the pitch deck that Smartcar utilized to persuade Andreessen Horowitz to back the autonomous driving technology market in2014 Some products have actually been redacted by the Smartcar team for privacy.
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Smartcar.
Smartcar.
Smartcar.
Smartcar.
Smartcar.
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