CV4RE is a project from Restb.ai a company that started its activity in 2015 with a proprietary technology based on Deep Learning Convolutional Neural Networks that allows machines to understand, categorize, classify and tag images, with accuracy rates reaching 99%.
When looking for a new home, it is very common nowadays to learn about neighbourhoods, nearby schools, and facilities, and even the potential future value of a property, before approaching a broker. However, once the initial search criteria are established, the process has not changed a great deal. The traditional way would involve agents spending hours searching a database, flipping through properties and pictures to find a suitable home that would potentially satisfy their client’s home buying needs – then weeks or even months exchanging links and information with clients, and maybe even showing a few properties at the end of this lengthy process. Restb.ai is looking to address this very issue by helping online real estate portals effectively fast-track this process by providing a revolutionary online browsing experience, using Computer Vision.
Main objective
Thanks to the CV4RE project, Restb.ai aims to achieve €16 M turnover by 2024, with NPV€10 Million and payback of 2.23 years (considering the 2 year of project/development where there are no profits). The willingness-to-pay for CV4RE is assured by the interest we have received from our potential customers and all the actors of the value chain that will benefit from our solutions. We have already signed a contract with Idealista (online RE portal leader in Spain), Apimo (Major CRM Company in France) and we are in contact with IKEA that could give us the maximum visibility in the Home Furnishing sector.
Conclusions of the action (final period)
We finish the CV4RE project with all our goals achieved and very proud of the hard work done by all the team.
The technical development, as usual in these cases, has been harder and a bit longer than expected, but thanks to the hard work that everyone put together and the talent of our team, we have been able to achieve all the main technical goals.
Technical development:
Being a start-up that focuses on state-of-the-art technology based on Artificial Intelligence it is really challenging. Because of that we are always trying to iterate and push the boundaries of what its possible in terms of technical developments ands products for our clients without forgetting about our Platform, our internal tools, and our pilot programs.
After concluding CV4RE, our Platform has now new capabilities that enables clients to consume and use our products much more efficiently and easily, having the opportunity of process their images from and through every part of the world.
Our technology has been enhanced with new powerful algorithms and new solutions that will help us make a difference from our competitors in the markets we compete.
Our Internal and Sales performance tools have helped us dramatically, increasing the efficiency of our internal processes and tasks, and reducing a big portion of the time we were spending on them. Our ability to show to the clients our solutions and conduct POC has been increased meanwhile the integration of our API its now much easier than it was before.
And finally, been able to pilot some of the new iterations of beta releases with some of our clients gave us much more information and knowledge of what the market needed from us, which improved our products greatly.
