EPOPTIA I.K.E. Kallithea, Greece

Company Website: https://epoptia.com

Company Email: info@epoptia.com

Employees: 7

Funding State: Bootstrapped


Industries

  • Manufacturing

Technology

  • AI
  • IoT
  • Other
  • Software
  • Web or Mobile Application

Business Model

  • B2B
  • B2B2C
  • B2C

Revenue Model

  • Licencing
  • Other
  • SaaS
  • Subscription

Funding Sources

  • Grant
  • Loan
  • Self

About

At Epoptia MES, we help job-shop manufacturers grow their businesses. With portable devices, we transform any shop floor that uses papers & excel sheets, into a "Smart" factory. The company was founded in October 2018 and the software was created from real production needs since the founder was a production manager in a manufacturing company. It is a dedicated solution for Big and Medium-Sized Enterprises with Global Presence. Offering a complete suite from execution to manufacturing planning and business intelligence with the use of industrial IoT. Drives manufacturers to industry 4.0 as a proven industrial solution. With real-time KPIs and historical reporting, manufacturers visualize their factories, make improvements, and measure the impact, while discovering real problems and downtimes Big job-shop manufacturing groups cannot scale and grow if: •Administration cannot control plants •Rely on human experience for production control •They don't know their real productive costs •Don't know their productivity "Numbers". (Metrics are created by supervisors and foremen) •Don't have a way for a sustainable digital transformation journey


Solution & Product

Epoptia's response to market needs: •An implementation team that understands their needs and culture •A robust platform to support their production •An agile and customizable solution to integrate into existing procedures •Strong support team with consistency and accountability •A holistic infrastructure in one place, scalable-ready for multiple plants worldwide The product is a cloud-based MES software, that drives manufacturers to industry 4.0 and analyzes production data to provide BI, with real-time KPIs and reporting suite. With simple steps and an amazing fast implementation time, a manufacturer can schedule and supervise its production in Real-Time. Administrators have meaningful dashboards designed by production managers, with minimum data entry needs and an easy interface. Work instructions are spread automatically to each workstation where operators have tablets, mobile phones, or PCs. With a SUPER easy-to-use interface, operators provide and see information only for their own workstations, eliminating human mistakes. The purpose of the software is to drive the manufacturer into successful delivery times and be profitable. That’s why it is designed with a lean manufacturing principle and has a priority system that boosts productivity by up to 70%, increasing efficiency, ensuring continuous flow, and reducing costs with a great ROI ratio.


Innovation & Scalability

Innovation lays on the following principles: The super easy-to-use interface is not only for administrators but mainly for operators. Manufacturers' incentives, that has been fully attributed to the software. Business model (SaaS), which makes the software accessible very fast and in many kinds and sizes of manufacturers. Lean manufacturing philosophy, that increases productivity. The way to integrate into the existing procedures and peripheral systems. Scalability We target big and very big job-shop manufacturing groups, with multiple plants worldwide. The software can be tested through a 15-day trial period or an Online Free Demo Access. Leads are generated through Digital Advertisement. FB, LinkedIn, and Google Ads. Software is ready for big manufacturers and can be implemented in multiple plants and departments. Licensing is the model that big manufacturing groups prefer and we provide. So, we reach them through Ads, automated presentations, and tutorials are sent. They reach us for presentations and questions. And the model is that we go for a pilot project and then for all plants with professional services, support services, and licenses (Subscription or One-Off licensing)


Traction & achievements

Manufacturers all over the world already use and support their production on Epoptia Cloud MES in an actual selling period of 2 years. •1200 active users •40.000€ Annual Subscription •600.000€ total turnover since 10/2018 •4 Countries (GR-IT-USA-Saudi Arabia) Right now Manufacturing Groups are finding us through Google ads. From Singapore to Sweden and USA. Greatest achievements are: •Trust, prestige, and recognition among the manufacturers due to the 4 years of uninterrupted and robust operation of the software. •Operation expansion of the software in Italy, Saudi Arabia, and the USA. •Strategic cooperation with Big Manufacturing Groups •Strategic cooperation with Big Manufacturers •Successful business modeling for partner network development.


Team & Why Us

The strong and enhanced experience of the specific business sector makes the solution attractive to our clients. The mentality of our team speaks the same language and understands their problems. Our team consists of visionary founders with years of experience in production management, automation engineering, software, and business development. The technical team consists of professional developers that follow the latest technologies. They are highly trained software engineers that develop and support the software. Sale, marketing, and operations are undertaken by trusted and experienced staff who cares about the quality of the service that the company provides. Right now, we are at the start of the Industry 4.0 era The culture of manufacturers is evolving, and they are trying to be competitive and work more efficiently. Digital transformation becomes a necessity as companies are passing to the next generations. While the traditional way of production management with paper is starting to extinct. Next decade Industry 4.0 and the digitalization of manufacturers will bloom, and we are ready to contribute with our solutions, passion, and experience.


Funding Needs

For the past 4 years, we build stamina - Now we want speed! We want to be a 7.5ML company in 3-4 years. In order to do this, we need a seed investment of 500.00€ for the next 18 months. And approximately another round of 1.000.000€ for the next 36 months. With a global market share of 180 big & very big manufacturing groups. Actual metrics •Every Big Manufacturer provides an average fee of 40.000€ in a cycle of one year. •Every Big Group provides an average fee of 320.000€ in a cycle of 1,5 years. The pillars of the development strategy are: Strong support team Continue the culture of high-quality services to our clients, by growing our team Grow sales & marketing team. Diagnose and understand each market's needs, how they buy, when they buy, what is the most proper digital lead generation way (ie. Facebook for Greece)etc... Take part in the world's largest exhibitions for Industry 4.0, smart manufacturing, and specialized exhibitions that our customers visit


ONE LINER

Manufacturing Execution System for Job Shop Manufacturers


TEAM

Spyridon Tsikopoulos
Spyridon Tsikopoulos, CEO
Thomas Matoulas
Thomas Matoulas, Other
Petros Petropoulos
Petros Petropoulos, Other
Stamatia Christodoulaki
Stamatia Christodoulaki, Other
Ioannis Savvaidis
Ioannis Savvaidis, CoFounder
Charalambos Tsompanellis
Charalambos Tsompanellis, Other
Ioanna Sotiropoulou
Ioanna Sotiropoulou, Other

FUNDING

2023 - Pre Seed, Grant EUR 18K, ESPA
2022 - Pre Seed, Grant EUR 82K, ESPA
2021 - Pre Seed, Loan / Investment Bank EUR 50K, Eurobank
2020 - Pre Seed, Loan / Investment Bank EUR 35K, Eurobank

PATENTS


AWARDS

2019 - Services Idea Tree

INCUBATIONS/ACCELERATIONS


Jobs


Perks