Neo Bank Finin founder Suman Gandham launches AI mobility startup ‘Dacio’

Serial entrepreneur Suman Gandham, known for his neo bank Finin, which was acquired by Fintech Unicorn Open Financial Technologies, has launched a breakthrough AI mobility startup Dacio. Suman’s foray in the mobility sector is driven by his zest to make India’s roads safer by harnessing the power of Artificial Intelligence and Machine Learning.

Dacio leverages advanced predictive video telematics through its primary product, the Dacio Dash Cam AI. This cutting-edge dash cam is designed for the B2B sector, targeting commercial vehicles such as trucks, logistics fleets, and school buses. The dash cam analyses driving and driver behaviour to improve road safety, providing fleet operators with critical real-time visibility into their drivers’ performance and promoting higher driving standards and better driver conditions. It detects dangerous driving behaviours such as mobile phone usage, lack of seatbelt compliance, driver distraction, as well as, the signs of sleepiness and fatigue, promptly alerting both the driver and fleet operators to take corrective action.

Speaking on the vision of Dacio, Founder & CEO Suman Gandham said, “At Dacio, our mission is to harness the power of AI to make India’s roads safer. Our focus extends beyond just a dash cam; we are building a comprehensive mobility suite that includes technologies like ADAS (Advanced Driver Assistance Systems), tailored specifically for Indian road conditions. We aim to develop an extensive India-centric data lake that can be used by OEMs to create solutions suited for India’s unique driving environment.”

Dacio stands out in the emerging market of video telematics with several distinctive features. In addition to offering a four-channel dash cam that monitors the road, driver, rear end, cargo, and sides of the vehicle, Dacio also provides a retrofittable software which can be integrated in existing dash cams inside vehicles. Through a suite of hardware and software solutions, the startup is aiming to build robust data infrastructure for the Indian mobility industry. Dacio’s solutions are enabled with edge computing, allowing real-time feedback without the latency associated with cloud processing, ensuring seamless functionality even in remote locations.

To launch Dacio, Suman has joined forces with Abhilash Reddy, an automotive enthusiast with 11 years of experience across fintech, motorsport, and IoT sectors, who serves as the company’s Co-founder. Dacio’s leadership brings a wealth of expertise to the table. Abhilash recently exited Fairexpay, India’s first cross-border payments infrastructure company, and now channels his passion for automotive innovation into Dacio’s mission.

Dacio has already secured paid customers across logistics, education, and OEM sectors, with plans to deploy 10,000 dash cams over the next 12 months. In line with its ambitious growth trajectory, the startup is eyeing a seed round of funding in the coming months. This capital will be pivotal in scaling operations, expanding the product portfolio, and reinforcing Dacio’s position as a leader in AI-driven road safety solutions.

About Dacio

Dacio is an innovative mobility startup founded by serial entrepreneur Suman Gandham, known for his successful ventures including India’s first consumer neo bank Finin, and Abhilash Reddy, an automotive enthusiast with extensive experience in fintech, motorsport, and IoT sectors. Dacio focuses on enhancing road safety through advanced predictive video telematics, specifically targeting the B2B sector. Their primary product, the Dacio Dash Cam AI, analyses driving and driver behaviour to provide real-time feedback and improve driving standards and driver conditions.

Leveraging cutting-edge AI and machine learning technologies, Dacio aims to build a comprehensive mobility suite that includes ADAS capabilities tailored to Indian road conditions. With a vision to create safer roads in India and beyond, Dacio is committed to revolutionising the mobility landscape by offering innovative, data-driven solutions to fleet operators and commercial vehicle owners.