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Movel AI Pte Ltd

Robotics navigation software more accurate and cheaper

Singapore
Market: Robotics
Stage of the project: Operating business

Date of last change: 01.11.2020
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Idea

Existing robotics software is not seamless in dynamic and glass environments, technology is bulky and expensive. Movel AI helps robots have human-like precision and movements with its AI technology, providing navigation software that is more accurate and cheaper than existing technologies.

Current Status

Our flagship product, robotics software - Seirios is currently being deployed to several robotics customers in Singapore and around Asia.

Problem or Opportunity

Problem statement:
Currently, commercial ground robots today have limited sensing capability as they use 2D Lidar or line following technology for robot navigation.
The problem with pure 2D lidar based system is that it will fail when glass windows are present or if the environment is dynamically changing. For example, in a used case such as warehouse, the production environment is constantly changing; or in a restaurant table positions change
quite often with constant traffic of customer and staff which the cause the robot to lose track of its positioning. There is an option for 3D lidar, but they are expensive and bulky. i.e. 3D Lidar cost varies from US$10K to US$50K.
Line following or infrastructure-based system would not work when there are dynamic obstacles on its path, it is difficult to install in outdoor conditions and their initial installations are costly and aesthetically intrusive. For example, it is not practical to put magnetic tapes in the mall or the airport.

Solution (product or service)

Product / Service:
Having seen the huge potential to tap, Movel AI developed an AI powered software platform that enables seamless robot navigation. Movel AI technology helps robots to see and act the same way as humans do while reducing about 40-50% sensor costs and with 50% higher accuracy.
Movel AI core technology uses Computer vision, Sensor Fusion and Deep Learning to achieve the navigation software.
Movel AI is selling their software and Vision hardware to hardware robotic companies.

Movel AI key value propositions are:
a. Faster time to market for robotics manufacturers who can now focus on building its hardware while leveraging on our software to deliver its capabilities
b. No infrastructure changes required by the robotic manufacturers during deployment. Movel AI software can extract/recognise features from the surroundings: examples, installations such as cupboards, ceiling lights, reception check-in counters, etc.
c. By using a sensor fusion based system, Movel AI is able to increase the accuracy to as low as 2cm compared to the industry standard of 5cm to 7cm.
d. Buildup the Sensor AI software database to cover all form of robots, so to enhance an efficient and cost effective platform for deployment.

Competitors

Competitors (local / global, sales, market share, valuation):
Details breakdown of competitors technical assessment as per this link:
https://drive.google.com/file/d/1c7z89WgGC4ec8rVBGVTOaEwLGp-cA2vS/view

Advantages or differentiators

Differentiating factors:
There are robotic companies in China are making AI based navigation software, but they are making the software solution for their own robots, they will not sell the software to other robotic companies as it would increase their competition. Other solution providers are providing software solutions based on their sensors only, thus making the robotic companies bounded by buying their hardware, if the hardware malfunction, they won’t be able to shift to another hardware. While Movel AI software can work with any sensor and on any robot, making it easy to scale.

Money will be spent on

Research, Marketing and Business Development

Team or Management

Won the competition and other awards

K-startup Grand Challenge 2020

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