Photo - Radar Traffic Monitor
40872

Radar Traffic Monitor

USA, California
Market: Electronics, Artificial Intelligence
Stage of the project: Prototype or product is ready

Date of last change: 08/23/2019
Min investment
$  25.000
Total required
$ 500.000
Rating
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Idea

Affordable traffic monitor for reporting speeding in neighborhoods. Provide information to citizens so they are armed for discussions with municipalities to take care of speeding problem. Our machine learning models accurately report the speed, count and in the future type and location/lane of the vehicles.

Current Status

We have developed the radar sensor and are now tuning our machine learning model for accurate speed and counting. We are beginning to do trial testing with customers towards finalizing the product.

Market

The market for our product is as little as $100M (WW) if only select concerned citizens purchased the product. Or it can be as large as $1.6B (US only) is municipalities start purchasing it for coverage of every city block providing them with data better than what Google or Apple provide.

Problem or Opportunity

People are speeding through neighborhoods, citizens are frustrated, and municipalities are stretched to far to do anything about it. Current methods for detecting the speeding are too expensive ($2,500) for broad deployment.

Solution (product or service)

Our small traffic monitor (5" x 5" x 3") detects the traffic, handles all the edge computing for the traffic statistics, and can relay the information to the cloud for visualization. An app allows configuration or viewing of the data so the citizen can tell the municipality how bad of a problem it is and when it's happening. Our product is very similar to Ring except we're mounted on the sidewalk looking at the vehicle traffic and in the future sidewalk traffic.

Competitors

Houston Radar
InnoScent

Advantages or differentiators

Simpler to use and install solution using machine learning at a price point neighborhoods or homeowner associations can afford them.

Finance

Our product will sell for approximately $500 and will come with a subscription service in the range of $2-3/month. We expect sales in the first year to be approximately $1,000,000.

Business model

We sell hardware with a subscription for the data analytics similar to Ring.

Money will be spent on

Final product development and market launch of traffic monitor system and next generation radar sensor based on phased array technology.

Offer for investor

Have a Seed round open with a Convertible Note at 2 year term, 5% interest, 20% discount, and $4,000,000 valuation.

Team or Management

Risks

Market adoption rate
Municipalities long time to adopt

Incubation/Acceleration programs accomplishment

Participated in Techstars Autonomous Technology accelerator program sponsored by the Air Force (Boston 2018)

Won the competition and other awards

3rd place winner pitch competition at Chinese Silicon Valley Technology and Business Association.

Invention/Patent

In process of filing patent on unique approach to radar operation which will provide us the worlds smallest phased array radar sensor. Plan to have filed in Q4'19.

Photos

Photo 1 - Radar Traffic Monitor

Website address

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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video
Website address