Provizio - the startup using AI to reduce road accidents
by Startacus Admin
The Limerick-based startup that can perceive, predict and prevent automotive accidents in real-time using proprietary long range imaging sensors & AI on-the-edge
Every year, there are around 1.35 million deaths on the road worldwide, and more than 50 million people worldwide are permanently harmed by road accidents. The (always less important) cost to the global economy as a result of all these road incidents is over $2 trillion. The worst thing is that these numbers have barely changed for 20 years, and it comes as no surprise that about 90% of this is human error.
With the likes of Tesla’s Autopilot and third-party offerings, we can see real-world examples of how technology can prevent, and is preventing, collisions on the road, and as more technology like this is developed for a wider market, hopefully those huge numbers will plummet.
Joining the effort is Limerick-based tech startup Provizio, hoping to use robotics to help drivers bring that 1.35m to 0.
Co-founder Barry Lunn brings experience working in vision technology, and specifically radar, with partners such as NASA and Boeing, and has put that knowledge and experience to work in putting together a system that uses radar, lidar, and AI to provide and understand information captured from beyond the driver’s range of sight. Having such advance knowledge and the insights provided by the AI’s real-time processing of the information gives the driver a huge advantage in being prepared for potential issues ahead.
“We are building augmented, guardian angel technology that will make us all better and safer drivers. We are using unparalleled ‘beyond line-of-sight’ sensor technology coupled with artificial intelligence ‘on-the-edge’ to perceive, predict and prevent accidents.” - Provizio
One of the problems that Provizio sees with current emergency braking systems is that they only allow for about one second of reaction time when they detect a problem - about 40 metres ahead of the car. Their system aims to increase that tenfold, and give the driver ample time to take action and avoid an accident.
At the start of November, Provizio announced that it has raised $6.2m in funding to boost the development of their system, from investors including the founders of Movidius, the European Innovation Council, and ACT Venture Capital.
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
.jpeg)
Ensuring that employees feel like they're valued is vital for all businesses - here are some basic tips on how you can ensure that you do just that
The lowdown on Housemates, the Manchester-based startup that's on a mission to make securing student accommodation easier than ever before
Proximie is a platform that uses artificial intelligence, machine learning and augmented reality to enable clinicians to collaborate virtually
New research from Corporate Coach Group reveals the UK's most ambitious cities and includes top tips on how to make 2021 your best year ever when it comes to achieving your goals
The accolade this week goes to MyPlasticDiary, an innovative app which will enable you to track, understand and reduce your plastic footprint
The innovative Spanish startup raises major funding to scale its team and help more businesses design smarter automated conversations with customers
The lowdown on the Japanese robotics startup that has created Qoboo, a therapeutic robot in the form of a cushion with a tail
The EverLearner launches a GoFundMe campaign to help disadvantaged children in the UK who are struggling to complete their online learning
10 startups solving challenges the aerospace sector faces are selected for the latest ATI Boeing Accelerator. We took a look at the cohort
Whether you're recruiting for a small tech startup or a large well-established organisation, these tips will help you stay on top of your game
Published on: 30th November 2020
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Where are the UK’s most ambitious people in 2021? 21st Jan 2021 New research from Corporate Coach Group reveals the UK's most ambitious cities and includes top tips on how to make 2021 your best year ever when it comes to achieving your goals
- No-Code Chatbot Builder Landbot Secures $8M Series A 20th Jan 2021 The innovative Spanish startup raises major funding to scale its team and help more businesses design smarter automated conversations with customers
- Supporting disadvantaged children with their online learning 19th Jan 2021 The EverLearner launches a GoFundMe campaign to help disadvantaged children in the UK who are struggling to complete their online learning
- Insurtech startup, Nayms Closes £1.5m seed round 15th Jan 2021 Major seed investment secured by the innovative Insurtech startup Nayms to assist with developing further pilot programs and building its customer base
