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Roadzen Inc. closes 8 million dollar funding, aims to accelerate business momentum
Roadzen Inc. has completed an 8 million dollar capital raise to support its growth ambitions.
The funding is expected to propel the company toward reaching a 100 million dollar annualized revenue run rate, according to CEO Rohan Malhotra. The move is intended to strengthen Roadzen Inc.'s global strategy and ensure that current business momentum is maintained.
Roadzen Inc. recently secured an India patent for its DrivebuddyAI system, which uses advanced AI to map hazardous road conditions in real time. The company also won a patent for technology enabling real-time road hazard detection and geo mapping. These developments come as Roadzen targets expansion with its latest capital raise.
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