Periodic Reporting for period 1 - Klepsydra (High-speed data-processing software framework that speeds up and streamlines processes in the space, aerospace, robotics and IoT industries)
Reporting period: 2019-12-01 to 2020-03-31
Smart mobility related systems (e.g. autonomous vehicles), space equipment and IoT devices generate too much data at a high rate. All of them need to process it in real-time in order to make safety and/or mission critical decisions. However, there are no easy solutions in the market to speed up data-processing. It requires increasingly-complex software (which demands more energy) or hardware workarounds (which entail for additional on-board power sources and increase the applications’ weight, complexity and power consumption). There is a massive unmet need in edge computing for new ways to process the data in a computationally undemanding and fast way.
Klepsydra Software is a lightweight, platform-agnostic software development toolset for embedded systems. The platform is an easy-to-use, accessible software framework aimed at building high-performance and quality space, aerospace, smart mobility and IoT embedded applications. Therefore, Klepsydra is a cross-industry enabler, making faster and easier innovation development processes possible and contributing to achieve the most challenging goals in different fields through a superior performance.
A feasibility study is needed to confirm that there is a real market opportunity for the product whilst the conditions for the commercialisation are beneficial.
Klepsydra Software is a lightweight, platform-agnostic software development toolset for embedded systems. The platform is an easy-to-use, accessible software framework aimed at building high-performance and quality space, aerospace, smart mobility and IoT embedded applications. Therefore, Klepsydra is a cross-industry enabler, making faster and easier innovation development processes possible and contributing to achieve the most challenging goals in different fields through a superior performance.
A feasibility study is needed to confirm that there is a real market opportunity for the product whilst the conditions for the commercialisation are beneficial.
Creation of a work plan of technical activities needed to complete the innovation, divided in four main areas: Matlab Klepsydra Blockset, Klepsydra Computer Vision Toolbox, OEMs integration, and Testing & Validation.
According to the market analysis, the global embedded software market will exceed €18 billion by 2025. The increase in the demand for open source Linux software & RTOS software is expected to offer a lucrative growth to the embedded software market.
The freedom-to-operate analysis demonstrates that Klepsydra is not-infringing patents or pending patent applications of others. Klepsydra has decided to protect its software in every target market through copyright.
According to the market analysis, the global embedded software market will exceed €18 billion by 2025. The increase in the demand for open source Linux software & RTOS software is expected to offer a lucrative growth to the embedded software market.
The freedom-to-operate analysis demonstrates that Klepsydra is not-infringing patents or pending patent applications of others. Klepsydra has decided to protect its software in every target market through copyright.
Klepsydra is expected to generate €47.7M of revenues during the period 2020-2026, and a total net profit of €14.9M. The company will hire 12 new employees during the project (Q4 2020-Q3 2022) and another 24 employees between 2022 and 2026.
This project will have a remarkable impact on Klepsydra´s performance, allowing to accelerate the release of its innovative solution to the market as an enabler for innovation in some of the most exciting challenges of the next decades.
This project will have a remarkable impact on Klepsydra´s performance, allowing to accelerate the release of its innovative solution to the market as an enabler for innovation in some of the most exciting challenges of the next decades.