2019.08.13
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500 Global Team
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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
CurieRetail 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.
RestARRestAR 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.
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“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
ChemtechWhen 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
VisionfulWith 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.
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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.
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