Photo - X2O Corp
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X2O Corp

Crowdsource approach to water quality sensing

USA, Massachusetts
Market: Chemistry, Artificial Intelligence, Mobile applications
Stage of the project: Idea or something is already done

Date of last change: 03.03.2020
Min investment
$  300.000
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Total required
$ 2.170.000
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Idea

Crowdsource water quality data service. Comprehensive, affordable, real-time water quality sensor paired with CV mobile app and AI-driven data analytics.

Current Status

Ongoing R&D stage. Proof of concept is run in a partnership with UMass Amherst and side consultants. MVP is scheduled on August '20.

Market

B2C : Individuals and Households, travellers, water industry professionals
B2B:
Small businesses (Plumbers, travel agencies, maintenance, filtering solutions etc.);
Large businesses (Insurance, Construction and development, Real Estate etc.);
Institutions (Utilities, Healthcare, Education etc.)
B2G: Governmental agencies

Problem or Opportunity

Water quality data is not in short supply, however, data sets are often incomprehensible or not useful as collected and stored. Water infrastructure in US is very mature, water treatment and conveyance systems continue to age, new contaminants appear each year, etc.
We see an opportunity to raise awareness to the end users with regards to the water quality.

Solution (product or service)

Comprehensive and affordable water quality sensor that can detect certain contaminants in tap water in 1 minute and under 1$ of cost.
Mobile app that can read the proprietary X2O sensor and other colorimetric sensors on the market. Patent pending computer vision color identification process gives immediate answer to the customers whether they can drink tap water or not.
Analytics based on crowdsource water quality data.

Competitors

EPA SFWA, Shimadzu, HACH, Cott, Danaher, Simplewater, MedLab Diagnostics, GlobalTreat, ITS, Horiba, XOS, GE Healthcare, ThermoFisher Scientific.

Advantages or differentiators

Simultaneous results, universal to read other sensors mobile application.

Finance

Sensor's price on retail market is 1$.
Different subscription models are to offer with different prices and periods.
Data and analytics prices are subject to calculate based on few variables. Range is [5K:275K].

Business model

Periodic subscription for different markets and on-demand analytics.

Money will be spent on

Personnel, Tech development, ongoing market and competitive analysis, customer discovery, marketing.

Offer for investor

Faster ROI than average in water industry. Diverse team and skillset.

Team or Management

Risks

Technological risk
Market risk

Incubation/Acceleration programs accomplishment

None

Won the competition and other awards

Honorable Mention in The Water Council Tech Challenge, 2019. Milwakee

Invention/Patent

PCT Patent filed
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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