Photo - Objective Data from Subjective Visuals
42146

Objective Data from Subjective Visuals

India, Karnataka
Market: Logistics and warehouses, Artificial Intelligence
Stage of the project: Operating business

Date of last change: 10/21/2019
Min investment
$  200.000
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Total required
$ 1.000.000
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Idea

Monitoring millions of video camera feeds manually is a near impossible task as it means viewing tens of billion hours of footage per week. The result is that most camera feeds are never monitored and are lost. Visionbot helps businesses get the most out of their visual content helping derive powerful insights and driving decision making.

Current Status

Our revenue for the FY 2018-19 was INR 2.3 Million and we expect a growth of 300% YOY in this FY.

We were selected by GINSERV in September 2019 for incubation and potential funding from the Department of Science and Technology, Govt. of India.

We had 1 customer for surveillance systems and 3 enterprise customers in the past 3 months. We are in discussions with a Smart City Solution provider for Traffic Management Solutions.

Market

By 2020, there will be over 500 Million cameras all over the world. Assuming that 10% of them will need to be monitored continuously and assuming that we capture 10% of this market, we could serve 5 Million cameras.

Problem or Opportunity

The total installed base of surveillance cameras in the world is around 265 million. Monitoring all these video camera feeds manually is a near impossible task because it involves viewing tens of billion hours of footage per week. Apart from monitoring cameras the sheer size of storage requirements can be expensive and daunting to maintain.

The result therefore is:
Most camera feeds are not monitored and are lost
Video streams are stored and viewed only if an incident is reported

Solution (product or service)

Visionbot ™ is a platform that leverages Deep Learning and Computer Vision to provide “Objective Data from Subjective Visuals”. Visionbot offers businesses get the most out of their visual content, helping derive powerful insights and driving decision making. Designed as a cloud based Software as a Service (SaaS) model Visionbot lets users start using the system with minimal investment.

Visionbot works in both online (real time camera feed) or offline (Stored video) modes. It offers the following features:

Incidents /events report
Real time event logs
Alerts for pre determined events
Predictive analytics

Competitors

Hikvision
Honeywell
Anyvision.co
Always AI
Clarifai
AIpoly Vision

Advantages or differentiators

The computer vision market is growing along two axes:
1. Cloud based intelligence or on device intelligence (edge)
2. Disparate video source capability Vs specialisation in Image Processing.

Hikvision , Honeywell work on the Edge or on camera intelligence and AIploy Vision and other Mobile based Computer Vision apps offer device based intelligence.

Companies like Clarifai / Google Lens offer primarily Cloud based Specialised Image Analysis capabilities.

We are into Cloud based intelligence and are able to work with Disparate Video sources.

Finance

As a SaaS model, this comes with no upfront investments and is charged on a pay-per-use basis. Each camera would be charged a set up fee and monthly rental of US$ 60-180 per month. Each customers may start with 10 cameras and scale up to 100 or more.

Our revenue for the FY 2018-19 was INR 2.3 Million and we expect a growth of 300% YOY in this FY.

Business model

Visionbot ™ is a platform that leverages Deep Learning and Computer Vision to provide “Objective Data from Subjective Visuals”. Designed as a cloud based Software as a Service (SaaS) model Visionbot lets users start using the system with minimal investment.

Visionbot can also be offered as an on premise service in Hybrid/ Private Cloud/ Data centre for Enterprise requirements.

We have 2 revenue models,
B2B
Transportation and Traffic Management
Agriculture
Access Control
Logistics
Eldercare/Babycare

B2B2C
Camera OEMs
Independent Software Vendors

Money will be spent on

We are planning to raise $1Million to finance our future plans for the next 18 to 24 months.

Usage of funds:

Business development : 400K
Platform technology development: 400K
Cloud infrastructure: 200K

Team or Management

Risks

Maintaining the privacy and integrity of digital content on our platform is a legal risk we have to undertake.

Incubation/Acceleration programs accomplishment

We were selected by GINSERV in September 2019 for incubation and potential funding from the Department of Science and Technology, Govt. of India.

Won the competition and other awards

1. Start-up India accreditation
2 Shortlisted in SBI challenge (premier bank in India)

Invention/Patent

Our patent attorneys have identified 4 areas of novel ideas in our solutions that we are in the process of patenting in India and US. We have also registered Visionbot as a trademark, accepted in India and in the process in US. These IPRs will help us create substantial entry barriers for other players with similar solutions.

Photos

Photo 1 - Objective Data from Subjective Visuals

Product Video

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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