RoboK, a startup applying AI-powered computer vision to logistics and industrial workplaces, has announced $2.1 million in funding, making it $4 million to date, for accelerating commercial expansion.
The company is on a mission to deliver significant value to customers and unlock the often-overlooked potential of its existing industrial CCTV cameras. This is achieved with their computer vision solutions that are privacy-preserving, allowing the company to offer secure, always-on and proactive insights with deep sector operational knowledge.
The use cases for the technology include ports and other large-scale infrastructure, where safety hazards, inefficiencies, and delays can have significant economic and environmental impacts. For example, ports handle large volumes of cargo and have complex logistics processes involving many vehicles, equipment, and personnel. By using computer vision to monitor and analyse these processes, the technology can help prevent accidents as well as improve efficiency in handling and transportation.
The Bristol Port Company have seen the benefits of the innovative technology. After implementing the solution, the company saw a remarkable reduction of over 90 per cent in potential safety breaches in just three months, which convinced them to invest in the latest funding round. “I have been extremely impressed by the insights, data and detail we have gained from this cutting-edge technology,” David Brown, CEO of the Bristol Port Company, said. “There are clearly huge opportunities for all UK ports to collaborate and benefit from what we have learned; without question we now run a safer operation.”
The use of funding will enable RoboK to connect to more sites, including ports and other industrial infrastructure, and provide even more valuable insights as the solution becomes more embedded within the day-to-day operations of customers, helping operators of very large sites better monitor the potential safety issues as well as improve productivity and throughput. Additionally, RoboK plans to hire additional commercial and product roles to support its growth plans. This infusion of new talent will enable the company to continue to innovate and improve its solution to meet customers’ evolving needs.
“Our technology has the potential to revolutionise the entire infrastructure industry and we are starting with ports,” Hao Zheng, co-founder and CEO at RoboK, says “This is especially significant for the UK, as 95 per cent of all UK imports and exports are transported by sea. We are committed to making it accessible to as many workplaces with existing industrial CCTV cameras as possible.
“Supported by strong research expertise, our solution stands out in our ability to provide accurate and robust AI insights at scale and cost-effectively. Our team has built an easily configurable solution that can address the many key challenges of our customers and we are excited to use this funding to continue our journey of making industrial workplaces safer and more efficient.”