Photo - deevio GmbH
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deevio GmbH

Automate Visual Inspection

Germany
Market: Artificial Intelligence
Stage of the project: Prototype or product is ready

Date of last change: 23.09.2019
Min investment
$  50.000
Total required
$ 1.000.000
Rating
equalizer 138 из 1000
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Idea

We develop machine learning and deep learning algorithms for end-of-line quality control, which today is still done manually by operators. We solve the problem of consistency, accuracy and traceability of end-of-line quality control,

Current Status

We have carried out several prove of concepts with paying customers and some of them are going into full production. Our customers are in Pharma and Automotive

Market

45M jobs in Germany
24% in manufacturing: 11M
28% in Quality: 3.1M
65% in Visual Quality Control: 2M

Our SAM is 2M installations in Germany

Problem or Opportunity

Quality control is often still done manually. However, the task of visually inspecting parts is exhausting, prone to errors and inconsistent. Deevio’s mission is to assist the operators by automating the visual quality control tasks.

There are two million quality control operators in Germany, so our market is very big.

Solution (product or service)

We develop and sell HW (AI Box + camera) and SW (customized deep learning algorithm) to assist quality control operators. Instead of looking at the object to be inspected for tens of seconds, the operator puts the object under the camera and the AI Box tells the operator if the part is a pass or a fail.

Additionally, the AI Box stores the picture of the part and links it to the ERP ordering system of the customer. We manage all the pictures, archiving and data analytics for the customer.

Competitors

Cognex
MVTech
Landing.ai
Sualab

Advantages or differentiators

Competitors offer a platform that customers use to derive the deep learning models (similar to what Tensorflow does).

deevio offers directly the model already optimized for a specific customer inspection and all the infrastructure (computer, camera, firmware, SW) that goes with it. We offer the complete system.

Finance

Our pricing model:
NRE: 10K EU
MRR: 1K EU per month per production line

Revenue 2019: 100K EU
Revenue 2020: 450K EU
Revenue 2021: 1800K EU

Breakeven in 2021

Money will be spent on

Strengthening deevio sales force (technical sales and application engineers9 in Germany

Offer for investor

5% of deevio

Team or Management

Incubation/Acceleration programs accomplishment

Incubated at Wattx Berlin for six months

Won the competition and other awards

Winner Uhlmann Pharmazing Days 2019
Winner inVISION Innovations award 2019

Photos

Photo 1 - deevio GmbH

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