We are happy to announce that MJV has completed investing funds in Staqu Technologies, an AI based analytics and video management solutions. Staqu SaaS technology helps convert dumb camera feeds to smart business process monitoring catering to companies in the Retail, Hospitality, Real Estate and Manufacturing sectors.
Along with MJV, the co-investor in this round is SIS, a listed company which is a market leader in Security, Cash Logistics & Facility management in India. We are excited to invest into Staqu, as the company has done exceedingly well and poised for rapid growth.
The Gurugram based company plans to utilise the funds to scale up its product development to meet rapidly increasing market demand in audio-video analytics and bolster its presence internationally and domestically. Please find a few links on this announcement below.