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ESCIT OY

Finland
Market: Internet and IT, Computers, office equipment, Electronics, Robotics, Artificial Intelligence
Stage of the project: Prototype or product is ready

Date of last change: 27.08.2022
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Idea

The ESCIT platform radically decrease the cost, complexity and manual labor associated with the Quality Assurance of any IoT, Consumer Electronics, Wearable, Robotics system development process.

Current Status

We are just about to enter the market. We are currently finalizing the productization of our platform and already executed a small production run of deliverable platform.

Problem or Opportunity

Embedded systems consist of large amounts of software and hardware
components that have to be tested together. The combined hardware and software testing requires a lot of manual effort. In this case this
means that hardware engineers have to wire up test equipment repeatedly to test different use-cases and they have to measure and log all the hardware parameters for different use-cases of the products.

Solution (product or service)

ESCIT provides easy to use tools for the developers to create a combined hardware and software test environment that is compatible with well known modern work practices like Continuous Integration, Continuous Delivery (CI/CD). ESCIT makes it possible to create reusable hardware and software integration tests, long running integration (days, weeks) tests and provides a remote environment for developers to verify the quality of every component of their product in an environment that has to be set up only once.

Business model

The value is captured by a B2B subscription model where individual ESCIT hardware modules that compose the platform come with a subscription fee based on their functionality.

Based on our market research our Serviceable Obtainable Market is $253.8M our Serviceable Available Market is $8.1B (EU and US combined). The total value of just the Software Testing market without even factoring in the Hardware testing market is $42.4B and the total value of this market is projected to double during the next 6 years.
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