Summary:
The German startup is a team of data acquisition experts who deliver customer specific datasets for the training of AI based manufacturing applications. By collecting and analyzing real time machine data, the startup provides predictive analytics and failure detection for manufacturing applications, which leads to an increased productivity and revenue. In order to expand their business, they are keen to collaborate with partners under a distribution, manufacturing or joint venture agreement.
Description:
A German startup offers data-based solutions and products for the development of Artificial Intelligence (AI) applications, in order to support manufacturing companies to make the first steps towards the 4th generation of industrialization. They provide unique and customer specific datasets, which can easily be used to train Machine Learning (ML) algorithms without any further data processing.
The digital transformation of factories always begins with the collection of machine data. The startup collects and analyses data of existing machines in a few expertise demanding steps. Firstly, specific sensors record various machine data, such as vibration, pressure, temperature and the current state of wear. Data scientists then convert the collected data into visual analytics which enables actionable machine insights. With this solution, the data scientists transform the machine data into standardized data structures, which can be used across all types of machines and equipment. In the following step, the startup delivers use cases that drive immediate actionability including real-time dashboards, notifications and warnings for the optimization of processes in regards to:
- Machine monitoring
- Condition monitoring
- Predictive maintenance
- Process optimization
In terms of the data collection process, the startup uses a method of parallel systems in which they collect data from different machines performing similar tasks at several instances of functioning, including induced failures and anomalies. This innovation is presented through the existing network of machine manufacturers for creating a parallel system at different locations. A parallel system is the reproduction of a process of one machine on another machine using non-proprietary parameters, with the goal of collecting machine and tool behavior data. The generated data is stored in a secure database, processed and provided as datasets to the customer for multiple AI implementations. The implementation of a parallel system leads to zero hindrance at the customer's production line. This kind of predictive maintenance and failure mode detection, for instance on employed machines, usually results in increased productivity and revenue. Moreover failures are significantly minimized, making manufacturing systems more (cost) efficient.
In order to grow internationally, the startup is keen to partner up with companies under a manufacturing, distribution or joint-venture agreement.
Type (e.g. company, R&D institution…), field of industry and Role of Partner Sought:
The startup is looking for a suitable partner who can provide expertise and end-to-end solutions along the entire chain of services. The potential partner could be an established company from the ICT sector with experience in the fields of Artificial Intelligence, Machine Learning and/or Industry 4.0.
The startup is interested in establishing partnerships with experienced companies who can provide support in developing new, innovative solutions and services with a main focus on industry 4.0 (AI, ML related solutions). Moreover, the startup is keen to combine their AI and data aquisition solutions with suitable existing services. In this context, they are also looking for companies who are willing to support them with the further development of their AI-based solutions.
A potential partnership could be established unter the following types of collaboration:
Joint venture agreement:
The startup is keen to establish a partnership under a Joint venture agreement in order to combine their existing solutions with end-to-end solutions at a larger scale.
Manufacturing agreement:
Using their vast network of machines in the manufacturing industry, the startup can provide consultations on the intelligent production of goods through manufacturing partnerships.
Distribution agreement:
Through its solutions and consultations, the startup could recommend suitable products / services to its customers based on distribution terms.
Stage of Development:
Already on the market
IPR Status:
Exclusive Rights
External code:
BODE20201230001
