Latest AI Applications from 500’s Batch 25

2019.08.13

500 Global Team

500 Global Team

Article image

AI is one of those buzzwords that feels like it has endless applications. That’s why it is hugely important for us to understand where the needs are now, and how AI can solve the problems better than any other technology. 

Batch 25 came to 500 with an incredible number of AI-based startups. Here are just some of the many industries our latest San Francisco batch is hoping to innovate through AI. 

1. E-Commerce

Curie 

Retail has gotten more complex over the years. Today, the modern shopper has thousands of potential data points to consider with every purchase from millions of brands, experts, and influencers. Curie aims to allow consumers to discover multiple data points about an item by taking a photo. Founded by AI veterans from Apple, Disney, Capital One, and GameSalad, Curie says they blend product savvy and Fintech-grade computer vision to instantly educate and consense information for buyers. 

“The explosive growth of mobile cameras has made it the most obvious and convenient way to connect shoppers, D2C brands, and retail with the intel they need at the speed of sight,” affirms Michael Agustin, CEO of Curie.

RestAR

RestAR provides 3D capturing and product visualization for e-commerce. They use AI for the purpose of enabling business owners to scan and render high-quality 3D content using only their mobile device. RestAR hopes that for businesses looking to sell products like sneakers, bags, and more, RestAR’s technology will give the end consumer confidence into their potential purchases and help e-commerce stores grow.

“Our vision is to reduce the gap between the offline to the online shopping experience by leveraging the latest AI technology. We are bringing affluence to online retailers and satisfaction to online consumers” said Bar Saraf, CEO of RestAR.

2. Manufacturing 

Chemtech 

When it comes down to some of society’s simplest products like shampoo and beer, Chemtech believes there hasn’t yet been a company to come in and apply AI across the board to basic manufacturing processes. Chemtech’s team equates the product to that like “a self-driving car” where the factories would be able to predict and automate the needs of the operation. 

3. Smart Cities 

Visionful 

With autonomous vehicles becoming more sophisticated by the day, cities will have the potential to better-anticipate traffic and driving conditions. Visionful aims to connect smart cities and autonomous vehicles by leveraging AI and computer vision to provide data for full parking automation and traffic monitoring.

From Farshad Yousefi at Visionful, “Visionful’s technology automates the management of parking lots. Our mission is to make parking structures more automated and self-aware and connect them to different modes of transportation.”

Demo Day – August 22nd

The best place to check out all the different AI applications of this batch will be at our Demo Day on August 22nd. Demo Day is an invite-only event for active, accredited investors to view our most recent accelerator startups before they graduate. If you are an accredited investor or member of the press interested in attending, click here

For more sneak peeks at our Batch 25 companies, stay tuned for more “ones to watch” on our blog or check out the full list of companies in our Batch 25 announcement.

 

LEGAL DISCLAIMER: 500 STARTUPS PROGRAMS, INVESTOR EDUCATION SERVICES, STRATEGIC PARTNERSHIP CONSULTING SERVICES AND EVENTS ARE OPERATED BY 500 STARTUPS INCUBATOR, L.L.C. (TOGETHER WITH ITS AFFILIATES, “500 STARTUPS”) AND THE FUNDS ADVISED BY 500 STARTUPS MANAGEMENT COMPANY, L.L.C. DO NOT PARTICIPATE IN ANY REVENUE GENERATED BY THESE ACTIVITIES. SUCH PROGRAMS AND SERVICES ARE PROVIDED FOR EDUCATIONAL AND INFORMATIONAL PURPOSES ONLY AND UNDER NO CIRCUMSTANCES SHOULD ANY CONTENT PROVIDED AS PART OF ANY SUCH PROGRAMS, SERVICES OR EVENTS BE CONSTRUED AS INVESTMENT, LEGAL, TAX OR ACCOUNTING ADVICE BY 500 STARTUPS OR ANY OF ITS AFFILIATES.

THIS POST IS INTENDED SOLELY TO PROVIDE INFORMATION REGARDING 500 STARTUPS. ALL CONTENT PROVIDED IN THIS POST IS PROVIDED FOR GENERAL INFORMATIONAL OR EDUCATIONAL PURPOSES ONLY. 500 STARTUPS MAKES NO REPRESENTATIONS AS TO THE ACCURACY OR INFORMATION CONTAINED IN THIS POST AND WHILE 500 STARTUPS HAS TAKEN REASONABLE STEPS TO ENSURE THAT THE INFORMATION CONTAINED IN THIS POST IS ACCURATE AND UP-TO-DATE, NO LIABILITY CAN BE ACCEPTED FOR ANY ERROR OR OMISSIONS.

UNDER NO CIRCUMSTANCES SHOULD ANY INFORMATION OR CONTENT IN THIS POST, BE CONSIDERED AS AN OFFER TO SELL OR SOLICITATION OF INTEREST TO PURCHASE ANY SECURITIES . FURTHER, NO CONTENT OR INFORMATION CONTAINED IN THIS POST IS OR IS INTENDED AS AN OFFER TO PROVIDE ANY INVESTMENT ADVISORY SERVICE OR FINANCIAL ADVICE BY 500 STARTUPS. UNDER NO CIRCUMSTANCES SHOULD ANYTHING HEREIN BE CONSTRUED AS FUND MARKETING MATERIALS BY PROSPECTIVE INVESTORS CONSIDERING AN INVESTMENT INTO ANY 500 STARTUPS INVESTMENT FUND.

ALL LOGOS AND TRADEMARKS OF THIRD PARTIES REFERENCED HEREIN ARE THE TRADEMARKS AND LOGOS OF THEIR RESPECTIVE OWNERS. ANY INCLUSION OF SUCH TRADEMARKS OR LOGOS DOES NOT IMPLY OR CONSTITUTE ANY APPROVAL, ENDORSEMENT OR SPONSORSHIP OF 500 STARTUPS BY SUCH OWNERS.

1. AS OF 30 JUNE 2023. ASSETS UNDER MANAGEMENT (“AUM”) STATED HEREIN ARE ROUNDED TO THE NEAREST $100M AND ARE CALCULATED IN ACCORDANCE WITH SEC FORM ADV PART 1A INSTRUCTION 5.B. TO INCLUDE THE CURRENT MARKET VALUE (OR FAIR VALUE) OF ALL PRIVATE FUND ASSETS AND THE CONTRACTUAL AMOUNT OF ANY UNCALLED COMMITMENTS TO SUCH PRIVATE FUNDS, TOGETHER WITH THE CURRENT MARKET VALUE OF ALL OTHER SECURITIES PORTFOLIOS FOR WHICH 500 STARTUPS MANAGEMENT COMPANY, L.L.C. OR ITS AFFILIATES PROVIDES ONGOING DISCRETIONARY INVESTMENT MANAGEMENT SERVICES, WITH MARKET VALUE DETERMINED USING THE SAME METHOD USED TO REPORT ACCOUNT VALUES TO CLIENTS OR TO CALCULATE FEES FOR INVESTMENT ADVISORY SERVICES. ASSETS UNDER MANAGEMENT MAY INCREASE OR DECREASE SIGNIFICANTLY OVER TIME.

2. AS OF 30 JUNE 2023 AND INCLUDES PRIVATE, PUBLIC AND EXITED COMPANIES. FOR EXITED POSITIONS, VALUATION DATE IS DATE OF EXIT. THESE FIGURES ARE ESTIMATES, AGGREGATED ACROSS ALL PORTFOLIO COMPANIES HELD ACROSS ALL FUNDS ADVISED BY 500 STARTUPS MANAGEMENT COMPANY, LLC AND ITS AFFILIATES, AND ARE BASED ON INTERNAL DATA THAT HAS NOT BEEN EXTERNALLY VERIFIED AND RELIES ON PORTFOLIO INFORMATION SUPPLIED BY EXTERNAL SOURCES WHICH HAS NOT BEEN VERIFIED, MAY NOT BE ACCURATE OR UPDATED. THESE VALUATIONS ARE ESTIMATED IN ACCORDANCE WITH 500 GLOBAL’S VALUATION POLICY. SEE 500.CO/COMPANIES FOR A FULL LIST OF PORTFOLIO COMPANIES. PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RETURNS. PORTFOLIO COMPANIES DISPLAYED ON THIS PAGE ARE NOT NECESSARILY REPRESENTATIVE OF ALL INVESTMENTS IN VEHICLES MANAGED BY 500 STARTUPS MANAGEMENT COMPANY, L.L.C. (TOGETHER WITH ITS AFFILIATES, “500 GLOBAL”) AND THERE CAN BE NO ASSURANCE THAT THE INVESTMENTS WILL BE PROFITABLE OR THAT OTHER INVESTMENTS MADE IN THE FUTURE WILL HAVE SIMILAR CHARACTERISTICS OR RESULTS. THIS LIST INCLUDES CURRENT AND FORMER 500 GLOBAL PORTFOLIO COMPANIES WHICH HAVE BEEN ACQUIRED AS WELL AS COMPANIES WHICH HAVE UNDERGONE AN INITIAL PUBLIC OFFERING. THIS LIST IS UPDATED PERIODICALLY AND AS SUCH MAY NOT REFLECT RECENT 500 GLOBAL INVESTMENTS. PAST RESULTS OF 500 GLOBAL INVESTMENTS, POOLED INVESTMENT VEHICLES, OR INVESTMENT STRATEGIES ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. NO CONTENT ON THIS PAGE SHOULD BE CONSIDERED AS AN OFFER TO SELL OR SOLICITATION OF INTEREST TO PURCHASE ANY SECURITIES, CONSTRUCTED AS FUND MARKETING MATERIALS BY PROSPECTIVE INVESTORS CONSIDERING AN INVESTMENT INTO ANY 500 GLOBAL FUND, OR USED AS THE BASIS FOR ANY INVESTMENT DECISIONS. ALL LOGOS, NAMES, AND TRADEMARKS OF THIRD PARTIES REFERENCED HEREIN ARE THE TRADEMARKS AND LOGOS OF THEIR RESPECTIVE OWNERS. ANY INCLUSION OF SUCH TRADEMARKS OR LOGOS DOES NOT IMPLY OR CONSTITUTE ANY APPROVAL, ENDORSEMENT OR SPONSORSHIP OF 500 GLOBAL BY SUCH OWNERS.

3. AS OF 30 JUNE 2023. INCLUDES LOCATION OF EMPLOYEES, CONTRACTORS AND CONSULTANTS.