The Czech company 24 VISION has received an investment totaling 37.5 million CZK
POSITIV 4/2022 ǀ 21
BUSINESS
Technologies developed by 24 VISION
are already being used in the production
processes of some of the largest players
in the automotive industry, which has
given them a great reputation among
global leaders in the industry. In a matter
of seconds, the system analyzes products
and their quality, with an accuracy 10 times
higher than that of the human eye. Thanks to
machine learning, the system is able to not
only identify configuration errors, but also
hidden defects. This product, which offers
great potential in many different segments,
caught the attention of multiple investors.
“Companies within the automotive industry
typically produce up to thousands of different
variants of their products, and supervising
this level of production is difficult for even
a number of machines, not to mention
people. We founded 24 VISION with this
exact problem in mind, as it affects essentially
the entire industry,” Martin Hriško, CEO of
24 VISION, said. “Today, our solution can
be picked up and implemented into virtually
any serial production line. We teach our
system how to recognize any product form,
including any variation or customer specific
products. This allows us to easily weave our
system into any variable form of production,”
Martian Cviček, CTO of 24 VISION, added.
Currently, 24 VISION has implemented their
system into the assessment of car doors,
dashboards, car seats and small painted
components. This technology is actively
being used by the largest domestic car
manufacturer, ŠKODA AUTO, Brose CZ
and companies within the Hyundai Motor
Czech group. Other car manufacturers are
exhibiting interest in the system as part of
their pilot projects.
The lead investor, Y Soft Ventures, sees the
scalability and universality of the solution as
its largest competitive advantage. “Start-ups
that make use of computer vision for quality
control often start as project businesses,
which is hard to scale up. 24 VISION is
already well past this process and now knows
how to switch to a scalable business model.”
Lukáš Konečný, junior partner at Y Soft
Ventures, explained.
The company, 100% REWORK, a Czech
leader in quality control services, is part of
QPAG group’s portfolio. According to Martin
Hriško, representatives of both companies
see great potential in possible cooperation.
24 VISION is planning to use the investments
they received to develop a scalable product
that will be easy to implement on the global
playing field. “Our artificial intelligence
system has an essentially endless list of
possibilities, and there are many fields that
would benefit from the elimination of human
error. Our vision is to develop an easy to
implement product that significantly limits
the appearance of hidden errors and defects
in production,” Martin Hriško added.
The Czech company 24 VISION
has received an investment
totaling 37.5 million CZK
Their arcial intelligence technology is already revealing producon
errors in automove and is being prepared for the global market.
The Czech company 24 VISION has developed a tool that uncovers 99% of errors in
automove manufacturing and has received an investment of 37.5 million CZK for its further
development. Thanks to the nances provided by Y So Ventures, Naon 1 and the QPAG
group, 24 VISION can focus on the further development of its scalable product and its
preparaon for the global market.