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Status: Active

May 10th 2021 - Jun 30th 2021

14 days left

INSPHERE uses image sensors and Artificial Intelligence (AI) to guide and correct robot positioning during the manufacturing process, ensuring right-first-time production. The company argues that industrial robots are not completely accurate and can experience unplanned downtime that can cost up to £10,000 per minute. INSPHERE asserts that its solution allows factory operators to operate safely with less downtime, and with multiple robot and human operators. The company has developed three products since 2013 which have received recognition in the aerospace and industrial automation sectors. INSPHERE is now launching IONA, a network of sensors that can be permanently deployed in a manufacturing environment to monitor and control industrial robots. IONA, the company points out, uses both hardware and software to correct errors taking into account the robot and its relationship to the workpiece. INSPHERE will use the investment to diversify the reach of IONA across markets.

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  • £1,019,999
    pledged
  • 81%
    of goal

    £1,250,000
    target

    £4,000,000
    pre-money valuation

    2.69%
    equity available

    1
    investors

    £1,019,999
    pledge per investor

    08769144
    company number

    Active
    company status

    11/11/2013
    incorporated 8 years

    £0.02
    share price

    Previous Funding rounds
    10 May 21 Envestors £1,019,999 / 82%

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pledged: 66% days to go: 53 investment: £200,000

  • £1,019,999
    pledged
  • 81%
    of goal

    £1,250,000
    target

    £4,000,000
    pre-money valuation

    2.69%
    equity available

    1
    investors

    £1,019,999
    pledge per investor

    08769144
    company number

    Active
    company status

    11/11/2013
    incorporated 8 years

    £0.02
    share price

    Previous Funding rounds
    10 May 21 Envestors £1,019,999 / 82%
  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

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