Vionice Ltd
Specialized in computer vision and digital signal processing to improve asset management and surveillance through automated data collection and intelligent software for mobile devices.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| investor | €0.0 | round | |
* | N/A | Acquisition | |
| Total Funding | 000k | ||
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Vionice Ltd, established in 2014, operated as a specialized information technology firm focused on computer vision and artificial intelligence. The company originated as a spin-off from the Computer Vision Laboratory at Lappeenranta University of Technology in Finland. In October 2017, Vionice was acquired by Vaisala Oyj, a global leader in environmental and industrial measurement, with the Vionice team of eight experts being integrated into Vaisala.
The core of Vionice's business was the development of end-to-end services for automated data collection, transforming simple mobile devices into powerful data-gathering tools through intelligent software. The company's flagship product, RoadAI, utilized smartphone cameras to capture and analyze road conditions. This service was delivered via the cloud, offering an intuitive platform for clients. The technology's algorithms could perform functions such as traffic sign mapping, lane marking analysis, pothole and crack detection, and maintaining an inventory of roadside assets. This automated approach to data collection and processing offered a cost-effective solution for infrastructure asset management and maintenance reporting.
Vionice's business model centered on providing its RoadAI platform as a service to a range of clients. The primary customer base included road and rail authorities, contractors, and municipalities, initially focusing on leading Finnish cities before expanding to international projects. By automating manual data collection, these clients could achieve greater efficiency and maintain a real-time overview of their infrastructure assets. The acquisition by Vaisala was aimed at expanding the global reach of Vionice's product portfolio to Vaisala's existing road and rail customers and leveraging the computer vision technology across other environmental measurement sectors.
Keywords: Vionice Ltd, RoadAI, computer vision, asset management, infrastructure monitoring, Vaisala, road condition analysis, automated data collection, digital signal processing, road maintenance, rail infrastructure, traffic sign recognition, pothole detection, cloud service, mobile data collection, infrastructure technology, machine learning, Lappeenranta University of Technology, smart city solutions, transportation technology