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Exponential Technologies

We accelerate material innovations by using AI

Latvia
Market: Chemistry, Artificial Intelligence
Stage of the project: Operating business

Date of last change: 17.03.2020
Min investment
$  100.000
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Total required
$ 700.000
Rating
equalizer из 1000
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Idea

A comprehensive Research Management System (RMS) and an AI-driven Design of Experiment (DoE) software. This is enabling users of our software to find process/machine parameters and material composition in a wide range of industrial applications, like additive manufacturing, chemicals manufacturing, biochemistry and many more. What makes our solution unique on the market is the ability to optimize process/machine parameters and material compositions simultaneously.

Current Status

We are building the product and generating revenue from pilot projects.

Market

Large Biotech, Chem and Additive Manufacturing companies

Problem or Opportunity

Slow and costly material industrial R&D

Solution (product or service)

process and material mixture optimization that enables spending less resources and shortening the go-to-market times

Competitors

classical design of experiment methods.

Advantages or differentiators

we use small data AI, which allows to find results faster.

Finance

We currently run multiple test or paid pilots with some of the global leaders in Chem, Materials and Biotech. In next two year we will sell the company to a large corporation.

Business model

currently we envisage two models:
-cloud based subscription model
-and edge computing based on premise solution for installing and maintenance fee.

Money will be spent on

Hiring people;
Product development;
Sales&Marketing
Operations

Offer for investor

Depending on negotiations, up to 15% of the company

Team or Management

Risks

integration in the corporate workflow can get complicated (perhaps)

Incubation/Acceleration programs accomplishment

none

Won the competition and other awards

Formnext Future of Manufacturing 2019 Start-up award

Invention/Patent

non-patented invention
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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