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RobotAI

3D Vision Simplified

Israel
Market: Logistics and warehouses, Robotics, Artificial Intelligence
Project stage: Operating business

Also this project:
- Find investments
- Participate in the Unicorn Battle

Idea or High Level Concept

RobotAI develops a garment picking robots. There are 80B garments sold yearly and the sorting is done manually. We help to automate it with potential revenue of $100M per year.

Territory of the product or service implementation

Global (world)

Traction and Current Status

We have a paid POC with Inditex

Problem or Opportunity

There are 80 billion garments / cloth sold annually worldwide. The garments are usually placed on hangers and need to be picked manually.
It takes around 30 seconds to pick an item or equivalently 250K picks/person/year. Assume that 4B hanger picks need to be picked or sorted, there are 16K people working day and night to do this.

Solution

Right now we are using our vision capabilities to create a garment picking robot cell for companies that sell cloth online.

Customer Segments and Market

Robot manufacturers, sensor manufacturers and robot integrators.

Revenue Streams and Cost Structure

We provide software licenses for 3 years. Each license cost is equivalent to ~100$ per month payment per robot.

Business Model, Chanells, Metrics

Robots as a service with annual SAAS model around $10K/robot.

Competitors and Existing Alternatives

PickIt3D, Fizyr, Mechmind and others

Advantages or differentiators

We use simple RGB camera, like your smartphone, to detect and measure the position of the object. It outperforms the competing active vision solutions in
cost, size, power consumption, precision and speed.

Risks

Tech is Proven and working with several customers, including German and Japan.
The risk is related in the speed of scaling up, how fast we will acquire the market before someone will come with similar solution.