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.
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