Reality AI announces the closing of a Seed Investment round raising just over $1.7 million in capital. Investors were primarily angel investors and family offices. Participating in the round was TechNexus Venture Collaborative, a firm that works with corporate innovators and startups, based in Chicago.
Reality AI is using advanced, proprietary artificial intelligence techniques to detect events and conditions in complex sensor data. Specifically, the company offers an application for working engineers to create signal classifiers and detectors. These are code that recognizes the signatures of specific events and conditions in vibration, sound, accelerometry, current/voltage waveforms, imagery, LiDAR, remote sensing, and other sensor types. Applications include machine condition monitoring and predictive maintenance, wearables, connected devices, and specialized sensing applications for industrial, automotive and consumer products markets.
Reality AI is unique in that classifiers and detectors created with its technology can be deployed at the “edge” on inexpensive hardware – residing in firmware on a microcontroller, for example, without the need for specialized processing hardware. Reality AI customers include industrial and electrical equipment makers, a Fortune 500 consumer products company, a medical device maker, a major insurance company, and the US Army Corps of Engineers.