Photo - KinetixPro
62529

KinetixPro

Singapore
Market: Other, Artificial Intelligence
Stage of the project: Operating business

Date of last change: 22.09.2024
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Idea

KinetixPro is a computer vision company that leverages AI to automate the detection and prevention of safety and security risks while streamlining operations.

Current Status

Since we started in early 2023, we have made significant progress and initiated paid pilots with major global companies, including STMicroelectronics, Haleon, ABB, Danieli, and Colgate (in Singapore, Malaysia, Thailand, China, and Mexico).

Problem or Opportunity

We are tackling a significant problem worth over US$270 billion yearly, the cost of workplace accidents. Our solution addresses the challenge of manual safety monitoring, which is difficult to track across large facilities with numerous workers. This poses the risk of safety incidents going unnoticed, especially with external vendors and contractors operating without proper training and low supervision of workers during night shifts. Additionally, sites often have many cameras generating large volumes of data that often go unused.

Solution (product or service)

We leverage AI to automate the detection and prevention of workplace safety risks while increasing productivity levels. By integrating with existing CCTV networks, we identify safety hazards and non-compliant behaviors, streamlining overall operations. Our solution provides 24/7 monitoring with real-time risk detection and prediction, immediate notifications to site and safety managers during urgent non-compliance incidents, IoT integration for real-time risk warnings to workers, and advanced safety analytics for proactive risk management.

Business model

As a SaaS company, we offer a subscription-based model, with pricing determined by the number of cameras integrated with our software. Our pricing is structured into the following tiers:

1) Up to 50 cameras: US$12,500 per year
2) Up to 100 cameras: US$20,950 per year
3) 100+ cameras: Custom pricing

Additionally, there is a one-time server cost, which varies based on deployment size.

Incubation/Acceleration programs accomplishment

Pier71 (Singapore) - Ongoing
AppWorks (Singapore) - Ongoing
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