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Antrax Labs Private Limited

An IoT & BigData Platform for Manufacturing Industries

India, Delhi
Market: Food industry, Production, Robotics, Artificial Intelligence
Stage of the project: Prototype or product is ready

Date of last change: 07/10/2019
Min investment
$  10.000
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Total required
$ 100.000
Rating
equalizer 203 из 1000
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Idea

Leveraging the power of IoT, Artificial Intelligence and Deep Learning, we empower manufacturing industries fighting to reduce unplanned downtime, improving operational efficiency and maximize asset utilization.
We help industries in collecting valuable data, process it and providing them with useful insights for real-time remote monitoring, Predictive Maintenance, Automated Maintenance Ticket Generation.

Current Status

Pilot Stage

Problem or Opportunity

Traditionally, manufacturers don’t have access to the right data and insights to make factories more efficient and productive which causes Unplanned Downtime.
Also, Manufacturer often delays the repair until the entire machine stops working, end up damaging other parts.

Scheduling a repair occurs after a defect is detected, the machine keeps running until the company finds a convenient time slot for repair.

Solution (product or service)

An intelligent solution which monitors the machines in real-time and notify the user in case machine demands repair. Our device can be integrated into any machine to collect data and send it to our cloud platform where using the technologies like BigData & AI, we will provide the manufacturers with a complete picture of production. The resulting data analytics obtained makes the existing factory smarter. This includes the ability to detect the defects or aspects of machine performance degradation and automated maintenance ticket generation directly to the user dashboard.

Competitors

SAP
MachineUP
Bosch
neewee
Honeywell

Advantages or differentiators

Traditionally, manufacturers did not have access to the right data and insights to make factories more efficient and productive. However, with our technology and the combination of big data, cloud services and new industrial IoT equipment they will have the power.
We help manufacturers to reduced unplanned downtime by generating early warnings, increasing operational efficiency, maximizing asset utilization, and helping factories to maintain their competitive advantage.

Business model

B2B, targeting manufacturing industries such as; Food Production, Chemical and Petroleum Industries, Hydraulic Products Manufacturers

One-time Hardware Buy and Recurring payment for cloud services based on data and services used.

Money will be spent on

Marketing = 25%
R&D = 40%
Administration = 20%
Tools & Equipment = 15%

Offer for investor

25% Equity

Team or Management

Risks

Trust of traditional manufacturers on latest technologies
Risky implementation on critical machines or critical systems

Incubation/Acceleration programs accomplishment

Incubated at Indian Institute of Information Technology, Allahabad

Zone Startup Accelerator in collaboration with BSES at IIT-BHU

Won the competition and other awards

1. Won Grand Final of Start-up India UP- Yatra 2017-18 at Lucknow, UP-India

2.Winner of Top 3000 organised by IIM-Calcutta

3. Winner under Top 40 at Data Innovation Bazaar by Western Digital in collaboration with Invest India.

Invention/Patent

Patent Applied, under process

Website address

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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video
Website address