Croatian robotics and A.I. startup, Gideon Brothers, won the Founders Factory AI Rising Stars award at the 12th annual London-based Founders Forum. By winning it, the 37-person crew of Robotics and AI engineers (5 PhDs; 27 Masters) became Europe’s best Artificial Intelligence (AI) startup.
The win marks the first of two major scores for Croatian tech in recent days. This morning, Croatian electric hypercar vehicle company – Rimac Automobili – announced that Porsche AG purchased a 10% stake in their company.
Gideon Brothers Co-Founder & CEO, Matija Kopić, presented the company’s AI-powered 3D vision robot autonomy solution that they affectionately call “The Brain”. Their brand of robot autonomy layers deep learning on top of camera-based perception to create a new type of robot vision that is as reliable but 10 x cheaper than LIDAR and (unlike LIDAR) data-rich.
The combination of hardware and software carries the capacity to convert a wide variety of industrial machines and vehicles into autonomous mobile robots that are safe in dynamic, people-filled spaces. The company will collaborate with the manufacturers of indoor industrial machines to upgrade their existing product mix with AI to transform manual machinery into autonomous (self-driving) robots.
“This is one of the leading deep tech teams in Europe. They have a breakthrough product which addresses a very real and large industrial workforce problem,” said Taavet Hinrikus, co-founder of TransferWise and Gideon Brothers’ investor.
Gideon Brothers’ first commercial application of „The Brain“ is a pallet handling logistics robot capable of carrying up to 800 kg and designed to work safely with humans and other moving machines in industrial environments. Logistics is a market that is currently in love with mobile robots. The market has shown steep growth since 2015 and will breach $22bn by 2021. MiR, a competitor, was just bought by Teradyne in April 2018 for $265.8M.
Gideon’s launch partners have combined revenues of $3.16bn, operate in over 40 countries & over 8,500 employees.