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RobotAI

3D Vision Simplified

Israel
Market: Logistics and warehouses, Robotics, Artificial Intelligence
Stage of the project: Operating business

Date of last change: 25.03.2024
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Idea

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.

Current Status

We have a paid POC with Inditex

Market

Robot manufacturers, sensor manufacturers and robot integrators.

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 (product or service)

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

Competitors

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.

Finance

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

Business model

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

Money will be spent on

Scaling up in multiple countries.

Team or Management

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.

Incubation/Acceleration programs accomplishment

Mass Challenge Israel
InVent Haifa Accelerator
Israeli Innovation Authority

Won the competition and other awards

4 Competitions in China
1 in Germany
1 in Japan
Many in Israel

Invention/Patent

Patent pending

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
Presentation