French startup Deepomatic just raised a new round of financing of $ 5.1 million in equity funds and $ 1.1 million in debt. Hello Inov leads the round, with Alven Capital and Bertrand Diard also participating.
Deepomatic allows you to create your own machine vision applications for your industrial needs. The company gives you all the tools to train a model and connect it to your video feeds. You can then deploy your brilliant new service at the edge or on your own infrastructure, wherever you need it. You remain in control of your data.
After that, you can integrate that block with the rest of your infrastructure using API calls. With such a low barrier to entry, it takes about three months to implement Deepomatic.
And it is already working quite well for some companies. For example, Compass Group is using it in some of its coffee shops. Instead of waiting in line for the cashier when your food cools down on your tray, you can simply pass your tray in front of a camera.
The camera will take a photo of your food and automatically recognize what it received; it works much like Amazon Go. There is no QR code, no RFID tags. There are already 15,000 people using this system every day.
Belron, the company behind Carglass, Autoglass, Safelite and other auto glass repair shops, is also using Deepomatic. Employees can take a photo of a broken windshield with a coin per scale, and the service will direct you to the next steps: replace the windshield, fix it with resin, etc.
Parking company Indigo is also leveraging Deepomatic’s technology for its security cameras. In addition to traditional CCTV, security cameras can detect if someone is acting suspiciously based on several factors: Indigo keeps those factors confidential so that people cannot defeat the system.
Deepomatic customers pay annual subscription fees like other business software solutions. The start-up will focus on energy, transportation and infrastructure companies at first.
This is a huge departure from Deepomatic’s first product. The company started with a kind of “Shazam for fashion” using computer vision. “Purchasing and retail was not in our DNA, we are engineers,” co-founder and CEO Augustin Marty told me.
With today’s financing round, the company is opening a new office in New York to focus on the US market. Deepomatic currently has 20 clients, but it could quickly become an essential technology brick for many large companies.