Periodic Reporting for period 2 - P-APT (Provizio Accident Prevention Technology™ Platform)
Reporting period: 2021-07-01 to 2022-06-30
Provizio is radically transforming vehicle safety with our proprietary Accident Prevention Technology (APT) platform.
Human error is the fault in 90% of car accidents. Over 1.35 million people are killed every year on the road (equivalent to 20 airplane crashes every single day) + 50 million injuries [World Health Organisation] = a cost USD $24 trillion (2%+ of worldwide GDP) [International Road Assessment Programme, iRAP]. More than $80 billion has been invested in ADAS over the last 5 years [Brookings Institute]…with zero impact on road deaths.
Provizio was founded by a team of automotive and aerospace industry veterans with a mission to use advanced technology to reduce the devastation caused by road accidents. Our skill sets include entrepreneurship, scaling start-ups to exit, VC fund raising, building strong defensible IP portfolios as well as an enviable track record in developing the most advanced technology in automotive radar.
APT combines proprietary vision sensors and machine learning to see further, wider and through obstacles, detecting danger in all-weather conditions and applying predictive analytics in real time to augment driver behaviour…and prevent accidents.
Provizio provided three clear objectives for the program, each of these are listed below and expanded in the following section.
• Objective 1 - Prevent Accidents: APT™ Development and On-road System Testing
• Objective 2 - De-risk Market Entry: Research Instrument Units to Support Pilot Activities
• Objective 3 - Prepare for Mass Deployment: Make APT™ Platform Scalable and Licensable
All objectives have been achieved and surpassed.
Human error is the fault in 90% of car accidents. Over 1.35 million people are killed every year on the road (equivalent to 20 airplane crashes every single day) + 50 million injuries [World Health Organisation] = a cost USD $24 trillion (2%+ of worldwide GDP) [International Road Assessment Programme, iRAP]. More than $80 billion has been invested in ADAS over the last 5 years [Brookings Institute]…with zero impact on road deaths.
Provizio was founded by a team of automotive and aerospace industry veterans with a mission to use advanced technology to reduce the devastation caused by road accidents. Our skill sets include entrepreneurship, scaling start-ups to exit, VC fund raising, building strong defensible IP portfolios as well as an enviable track record in developing the most advanced technology in automotive radar.
APT combines proprietary vision sensors and machine learning to see further, wider and through obstacles, detecting danger in all-weather conditions and applying predictive analytics in real time to augment driver behaviour…and prevent accidents.
Provizio provided three clear objectives for the program, each of these are listed below and expanded in the following section.
• Objective 1 - Prevent Accidents: APT™ Development and On-road System Testing
• Objective 2 - De-risk Market Entry: Research Instrument Units to Support Pilot Activities
• Objective 3 - Prepare for Mass Deployment: Make APT™ Platform Scalable and Licensable
All objectives have been achieved and surpassed.
Summary of Work Performed
-Designed and developed hardware for our 4D radar vision systems coupled with camera and lidar sensors to provide a super high resolution point cloud for 5D Perception®.
-Built and tested advanced vision sensors, from proof of concept through to robust units.
-Designed and implemented advanced software on our own hardware and software stack allowing for the first time the streaming of a radar point-cloud live with machine learning on the edge via a GPU.
-Implemented advanced Machine Learning to improve accident perception.
-Built our Application Programming Interface (API) to allow our customers to easily integrate our sensors onto systems.
-Designed and developed a mobile phone application that utilises our API to alert drivers to dangers as detected by our platform.
-Developed a significant range of intellectual property (IP) including multiple patents pending, trademarks registered, and several copyright registered designs.
-Partnered with Future Mobility Campus Ireland (FMCI) to utilise their facilities and the OEM supplied test vehicles to conduct on road and scenario-based testing.
-Deployed and tested a suite of sensors on OEM supplied test vehicles.
-Provizio awarded KPMG – Global Tech Innovator Ireland Winner.
-Heavily engaged with the market including:
-Multiple OEM vehicle manufacturers.
-A range of Tier 1 partners.
-Secured Tier 2 partners.
-Engaged public policy makers and insurance companies.
-Provizio has been accepted on several programs and incubators including NVIDIA Inception, Munich’s TechFounders (collaboration with CLAAS), Plug-and-Play Japan, Plug-and-Play Silicon Valley, Intel AI Incubator.
-Provizio has been featured in international press: TechCrunch, Fortune, The Washington Post, EuroNews and UKTN. Provizio has also been featured in Irish national press: Irish Times, The Currency, Silicon Republic, TechCentral, Business Post and the Irish Examiner.
-Provizio has spoken and demoed at major international conferences including at WebSummit 2021, Electronomous 2021 and Dublin Tech Summit 2022.
Summary of Exploitable Results
The current sensor suite performance goes beyond anything available on the market and has led to series production discussions with multiple potential partners and extensive engagement and NDAs in place. Performance enhancements over alternative products include:
• Plug and play radar and camera technology without the need for time synchronisation.
• 4D C2/C2.5 radar giving < 1-degree angular accuracy 400-600m (car).
• 5D Perception® on OEM supplied test vehicle at FMCI.
• On-the-edge ML for object identification, tracking and risk assessment.
• On-the-edge SLAM via our custom-built visualisation engine.
• GPU processing on-the-edge.
• AI trained systems for improved detections and perception.
Our technology will drive a reduction in vehicle crashes to zero and improve road safety for all, reducing the extremely high fatality rate and the very large economic impact this has on families, communities, and countries.
-Designed and developed hardware for our 4D radar vision systems coupled with camera and lidar sensors to provide a super high resolution point cloud for 5D Perception®.
-Built and tested advanced vision sensors, from proof of concept through to robust units.
-Designed and implemented advanced software on our own hardware and software stack allowing for the first time the streaming of a radar point-cloud live with machine learning on the edge via a GPU.
-Implemented advanced Machine Learning to improve accident perception.
-Built our Application Programming Interface (API) to allow our customers to easily integrate our sensors onto systems.
-Designed and developed a mobile phone application that utilises our API to alert drivers to dangers as detected by our platform.
-Developed a significant range of intellectual property (IP) including multiple patents pending, trademarks registered, and several copyright registered designs.
-Partnered with Future Mobility Campus Ireland (FMCI) to utilise their facilities and the OEM supplied test vehicles to conduct on road and scenario-based testing.
-Deployed and tested a suite of sensors on OEM supplied test vehicles.
-Provizio awarded KPMG – Global Tech Innovator Ireland Winner.
-Heavily engaged with the market including:
-Multiple OEM vehicle manufacturers.
-A range of Tier 1 partners.
-Secured Tier 2 partners.
-Engaged public policy makers and insurance companies.
-Provizio has been accepted on several programs and incubators including NVIDIA Inception, Munich’s TechFounders (collaboration with CLAAS), Plug-and-Play Japan, Plug-and-Play Silicon Valley, Intel AI Incubator.
-Provizio has been featured in international press: TechCrunch, Fortune, The Washington Post, EuroNews and UKTN. Provizio has also been featured in Irish national press: Irish Times, The Currency, Silicon Republic, TechCentral, Business Post and the Irish Examiner.
-Provizio has spoken and demoed at major international conferences including at WebSummit 2021, Electronomous 2021 and Dublin Tech Summit 2022.
Summary of Exploitable Results
The current sensor suite performance goes beyond anything available on the market and has led to series production discussions with multiple potential partners and extensive engagement and NDAs in place. Performance enhancements over alternative products include:
• Plug and play radar and camera technology without the need for time synchronisation.
• 4D C2/C2.5 radar giving < 1-degree angular accuracy 400-600m (car).
• 5D Perception® on OEM supplied test vehicle at FMCI.
• On-the-edge ML for object identification, tracking and risk assessment.
• On-the-edge SLAM via our custom-built visualisation engine.
• GPU processing on-the-edge.
• AI trained systems for improved detections and perception.
Our technology will drive a reduction in vehicle crashes to zero and improve road safety for all, reducing the extremely high fatality rate and the very large economic impact this has on families, communities, and countries.
Provizio is on-track for market disruption with our state-of-the-art technology. Our identified customers have confirmed substantial demand for the technology, and we have designed and built the technology at a cost point they are willing to pay.
There exists an expanding market opportunity for our technology and the recent technology supply chain crisis in the automotive sector is to our advantage as OEMs have become more involved in the technology selection and integration that was typically outsourced to the traditional Tier 1 suppliers.
There exists an expanding market opportunity for our technology and the recent technology supply chain crisis in the automotive sector is to our advantage as OEMs have become more involved in the technology selection and integration that was typically outsourced to the traditional Tier 1 suppliers.