This Israel: Ception unveils new AI-based system to improve heavy equipment safety, productivity and profitability.

The start-up Acceptance was founded in 2019 by CEO Tal Israel and CTO Yossi Buda, who have worked for nearly 15 years developing advanced driving systems and autonomous vehicle solutions at Israel Aerospace Industries and General Motors.

To date, the company has received $7 million in funding, including seed funding from MoreVC and a grant from the Israel Innovation Authority, and has just unveiled an AI-based system that reduces accidents and improves the productivity and profitability of heavy equipment on construction sites, in mines, quarries and industrial plants. The system is intended to reduce operating costs and contribute to durability in these demanding working environments.

To address these heavy equipment challenges, Ception has developed MineCept. The system is based on a SaaS business model, which offers the customer a collection of applications through the same hardware kit and supports a wide range of field scenarios. The system uses advanced, real-time, high-definition 3D mapping and precise positioning technology, based on visual feed rather than GPS, to provide complete situational awareness of the machine’s environment by cross-referencing information from different sensors and a range of image processing and deep learning algorithms.

Ception’s system is used by leading mining and construction companies in various projects and industrial sites in Israel and around the world. In the mining industry, MineCept is used by the ICL Group, one of the world’s leading fertilizer producers, which operates heavy equipment at its phosphate mine in southern Israel. In construction and infrastructure, MineCept has been used by Netivei Israel, Israel’s national transport infrastructure company, as part of a project to improve the safety and efficiency of heavy equipment.

Ception has been selected by building materials giant Cemex as one of the top 50 startups in the building technology sector. At the same time, Ception collaborates with the Israeli subsidiary of Cemex, Readymix Industries. The startup also won a recent workforce technology competition, where leading construction companies such as Bouygues, Suffolk and Limak acted as judges, and will represent Israel in the global competition later. This year.

The company is in advanced negotiations for a collaboration with one of Israel’s leading construction companies. As part of the deal, the construction company will invest in Ception and deploy its systems in the company’s heavy equipment.

Tal Israel, Co-Founder and CEO of Ception, said, “Construction, building materials, mining and quarrying are huge markets that suffer from acute safety, efficiency and sustainability issues and are always on the edge. search for innovative solutions. There is currently a lack of technological solutions in this discipline. Some of these solutions are geared towards a high level of automation, but they come up against various obstacles, including technological limitations, high prices, and regulatory restrictions. Conversely, solutions that rely on core technologies do not provide an adequate response and suffer from serious reliability issues. »

Israel concludes: “The automation and Industry 4.0 revolutions have brought immense technological advancements in edge computing, sensing technologies, artificial intelligence, deep learning and other areas. Ception does not wait for the automation revolution to be over and applies these innovative technologies to deliver accurate and reliable solutions at a good price. »

Source : Benziga & Israel Valley

We want to give thanks to the author of this article for this remarkable material

This Israel: Ception unveils new AI-based system to improve heavy equipment safety, productivity and profitability.


You can view our social media profiles here and other related pages herehttps://www.ai-magazine.com/related-pages/