Webit Founders Games 2022

AirGO.Ai

AirGO.Ai
  • Startup Name: AirGO.Ai
  • Name of the company: AirGO.Ai Inc
  • Country: United States
  • Date Founded: 8/1/2020
  • Stage: Pre seed
  • Area: InsurTech, IOT, Automotive
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AirGO.Ai develops and sells computer vision-based advanced vehicle safety and security systems for the 94% of the vehicles on the roads today that do not have factory-installed advanced safety systems.
Every year over 1.3 million people worldwide lose their lives in automobile accidents. The causes vary poor weather, road conditions, and distraction. If one is to believe the hype autonomous vehicles (AVs) and advanced vehicle safety systems like Advanced Driver Assistance (ADAS), Distracted Driver Monitoring, and Connected Vehicles (V2x) systems are supposed to prevent these accidents and save lives. But AVs are years away, if ever, and ADAS, DMS, and V2V are just now coming to new vehicles with only 6% of the vehicles on the roads today so equipped. These will take years to have an effect on accident statistics. They also have the side effect of creating bad drivers. We believe in a better way. Let's add the same safety warning systems to every existing vehicle on the roads today. Let's make the driver the driver and give them the advanced safety tools to become better drivers. With Soteria Visions DMS and ADAS (Advanced Driver Awareness) we have created a low-cost, smart, connected IoT platform that can give the life-saving critical safety systems of new vehicles to the other 94%.
AirGO.Ai is building a market at the intersection of three others, Insurance Telematics, Automotive Vision (dashcams), and Automotive safety systems like ADAS, DMS, and V2x. As such, we have competition in all three areas. Companies like Netradyne, MobileEye, Stradvision, NVidia, and others provide ADAS and DMS components and software as tier 1 suppliers for the auto industry. BrandVision, Movon, Cipia, Nextbase, Garmin, and others sell standalone dashcams, DMS, and ADAS systems for the fleet market. And GEOTAB, Samsara, SafeDrive, Visteon, Arity, and others provide telematics solutions for fleet operators and insurance companies. AirGO.Ai's Soteria Vision platform is the only low-cost, self- installable, smart, and connected platform on integrated IoT devices that provides insurance telematics, advanced driver safety, vehicle anti-theft, and emergency services integration integrating all three of these markets.
AirGO.AI collects $0.03 per mile driven by vehicles equipped with Soteria Vision, a monthly app and data fee, and by monetizing the depth data, telemetry, and geolocation for real-time urban mapping.
Early adopter tech-worker parents of new teenage drivers in WA state expanding to nationwide USA, AU, UK, EU, then SEA. Our sales and marketing plan begins with direct to consumer sales through our eCommerce sites and app registrations. This will lead into b2b2c sales channels direct to usage based auto insurance providers.
Alpha Test - 10 users - Jan 2021 Present Detroit Auto Show - Sep 2021 CES 2022 100 customer pre-registrations MVP Beta 100 users - Q2 2022 (pending hardware availability) MVP Pre-Beta - Ongoing 1000 pre-registrations - Q2 2022 Equity Crowdfunding, $2M Q2/Q3 2022 DMS Crowdfunding - Q2 2022
Stage:
Development stage:
MVP Ready
What is the company valuation for this round by the lead investor?
1000000 EUR
What is the amount of financial commitments you have so far?:
0 EUR
What would be ideal amount of financing via the Founders Games?:
1000000 EUR
Team member 1: Rob
Bio: Software and Online Service Services industry veteran of Microsoft, Adobe Systems, GE Digital, and software startups. Deep experience in software design, project and program management, releases and deployments, and QA Management on both small and large development teams.
Team member 2: Jeff
Bio: 35 year IT veteran from Microsoft and Blackmoon Design. At Microsoft he led teams that designed and released Microsoft Windows (1.0 – XP, Win 10), Microsoft Word, Excel and Exchange and was a system architect for MSN Backend Services and Application Architecture. As CEO of Blackmoon Design he worked with Ford (SYNC), GM (OnStar), Nissan-Renault, and Chrysler-Fiat on connected car and IOT initiatives.
Team member 3: Eric
Bio: Database specialist with experience at multiple startups and decades at Microsoft including designing and writing substantial portions of shipped products.