GEOMISO SINGLE MEMBER PRIVATE COMPANY Farsala, Greece

Company Website: https://www.geomiso.com/

Company Email: pkarakitsios@geomiso.com

Employees: 10

Funding State: Bootstrapped


Industries

  • Enterprise Software

Technology

  • Cloud Computing
  • Software
  • Web or Mobile Application

Business Model

  • B2B

Revenue Model

  • Licencing
  • Price per Item
  • Price per Use
  • SaaS
  • Subscription

Funding Sources

  • Grant
  • Loan
  • Self

About

There is a rising industrial need for technical software of fully integrated computer-aided design (CAD)/computer-aided engineering (CAE) nature in the international market. Engineers urgently need to design and analyse their projects more efficiently, while industries are continually striving to improve their competitiveness by optimizing their products, reducing time-to-market, and saving financial and natural resources (materials, energy). This industrial problem is directly associated with a major gap between CAD and finite element analysis, which dates to the 1960's. Until now, designers create the product design using CAD software and then deliver it to engineers, who transfer it to a CAE program to carry out its analysis. Thus, engineers are unable to efficiently utilize the existing exact mesh and must create from the very beginning a new one, which is not precise, while geometric errors are introduced and the engineering analysis is not accurate enough to study complex models.


Solution & Product

The Geomiso software has come to satisfy the imperative industrial need for dual CAD/CAE software and fill the gap between CAD and finite element analysis. It is the world’s first fully integrated 3D design and isogeometric analysis commercial program, which fully integrates the industrial design of any product with any thickness and curvature with its computational real-time testing. Geomiso enables industries and engineers to more efficiently test, validate and optimize their product's durability and performance and deliver faster more accurate results with no geometric errors. This outcome of 10-year research is not just a plug-in, but a brand-new hybrid software, both stand-alone and 100% cloud-based, for applications on isogeometric analysis and 3D design with the ability of analyzing complex structures, machines, or objects, otherwise incredibly challenging, with a wide spectrum of applications from mechanical, structural, geotechnical engineering to aeronautics and biomechanics.


Innovation & Scalability

The Geomiso software is the world’s first «two-in-one» fully integrated 3D design and isogeometric analysis commercial software, which offers an innovative way to merge computer-aided design with computer-aided engineering into a single procedure, thus allowing engineers to simultaneously design and test their products and projects. It has many features in common with both engineering simulation software and design programs. Its innovation stems from the novel isogeometric analysis, the powerful generalization of the classical finite element analysis, and from the fact that it is not just a plug-in, but a new hybrid software, both stand-alone and 100% cloud-based, with a dual CAD/CAE nature and a modern graphical user interface, used to both design products and predict how these product designs will behave in real-world environments, without building test products or conducting crash tests. Geomiso is a more efficient alternative to finite element programs, as it facilitates the geometry modeling within analysis, eliminates geometric errors, offers superior quality numerical results, significantly increases the accuracy, robustness, and stability level in analysis, and drastically reduces the computational cost. In contrast, the finite element programs, not only cannot fully utilize the available data of the CAD model, but also makes engineers unable to benefit from the latest CAD advanced techniques. This is the first time worldwide such a hybrid software has been developed.


Traction & achievements

Current clients: European construction companies, Greek civil engineers Partners: NTUA, TUC, University of Cambridge Mentors: Gianna Angelopoulos, Holly Sargent (Harvard), Manolis Papadrakakis (NTUA), Haris Lambropoulos (ACCI) Research programs (790.000 €, Research–Create–Innovate, NSRF 2014-2020) Geomiso TNL (200.000 €) Geomiso SEA (265.000 €) Geomiso DNL (175.000 €) Geomiso ISA (150.000 €) Awards 2019 The Gianna Angelopoulos Programme for Science, Technology and Innovation Envolve Award Greece 2018 First #GetEnvolved Award 2018 2018 Enolve Award Greece 2017 IEEE IST Best Paper Award Honorary Distinction, First Panhellenic Athens Startup Awards Competition 2017 Angelopoulos 100 Honorary Distinction, 3rd Applied Research & Innovation Greece Innovates! 2015 Angelopoulos Continuation Grant 2016 Award-Honorary Distinction, Athens Chamber of Commerce & Industry 2015 5th Award, 5th Panhellenic Competition i-bank Innovation & Technology 2015 Angelopoulos CGIU Fellowship 2015 First Award, First Panhellenic Youth Entrepreneurship & Innovation Competition ideatree 2014


Team & Why Us

Our team consists of highly skilled experts in computational mechanics, finite element analysis and computer-aided design. Our founder and CEO Panagiotis Karakitsios (civil engineer, programmer, MSc, Phd Candidate, NTUA) is a world expert in isogeometric analysis, who has received 1 international and 25 national awards as both researcher and entrepreneur. The head of our R&D department is George Karaiskos (civil engineer, MSc, multi-year experience). Panagiotis Kolios (software developer specialized in cloud computing, UOA) is responsible for our cloud-based services. Our sales manager Konstantinos Gogos (civil engineer, NTUA) is also responsible for our marketing plan, while our social media manager is Stella Skrivanou (journalist, advertiser, Panteion). Vasiliki Tsotoulidi (MSc, Phd Candidate, NTUA) and Athanasios Leontaris (civil engineer, MSc, multi-year experience) are civil engineers-programmers, who are developing our new software packages.


Funding Needs

Integrated CAD/CAE in the cloud is the new market trend. Our startup is offering exactly what the global market needs, means 100% cloud-based fully integrated CAD/CAE services, thus we have a unique opportunity to be the world’s first startup to release a commercial 3D design and isogeometric analysis software worldwide and unleash the power of isogeometric analysis for engineers and industries. Our company aspires to revolutionize the global CAD/CAE markets and become a key player or even the global leader in engineering simulation and 3D design. We are totally focused on being constantly innovating and expanding our technology into new areas to provide best in class fully integrated CAD/CAE. Our new versions will cover a wide range of applications and will strongly increase our revenue. Our innovation enables us to have a great potential for unprecedented growth the next years. It’s worth mentioning that we have managed to triple our revenue in 2019 compared with 2018 and quadruple our funding from NSRF from 200.000 € in 2018 to 790.000 € in 2019, while we created new jobs for Greek engineers and programmers and opened our first branch in Larissa. Our next branch will be in Athens. We plan to raise 500.000 € to 1.000.000 € for going global and accomplishing our mission to change the way engineers work around the world and to develop a new generation of engineers, which will be more familiar with CAD and will use isogeometric analysis to design, test and make anything.


ONE LINER

The Geomiso company develops, markets and supports 3D design and engineering simulation software.


TEAM

Panagiotis Karakitsios
Panagiotis Karakitsios, CEO
Stella Skrivanou
Stella Skrivanou, CMO
Konstantinos Gogos
Konstantinos Gogos, Other
Panagiotis Kolios
Panagiotis Kolios, CTO
Foteini Koliou
Foteini Koliou, Other

FUNDING

2020 - , Other EUR 150K, Research-Create-innovate (Round B, Research Project T2EDK-00703)
2020 - , Other EUR 175K, Research-Create-innovate (Round B, Research Project T2EDK-00338)
2020 - , Other EUR 265K, Research-Create-innovate (Round B, Research Project T2EDK-00328)
2019 - , Startup Competition EUR 10K, University of Cambridge, Gianna Angelopoulos Foundation (The Gianna Angelopoulos Programme for Science, Technology and Innovation)
2018 - , Loan / Investment Bank EUR 30K, Envolve Entrepreneurship (Envolve Award Greece 2018)
2018 - , Startup Competition EUR 3K, Envolve Entrepreneurship (First #GetEnvolved Award 2018)
2018 - , Other EUR 200K, Research-Create-innovate (Round A, Research Project T1EDK-04288)
2017 - , Grant EUR 10K, Gianna Angelopoulos Foundation (Angelopoulos 100)
2016 - , Grant EUR 10K, Gianna Angelopoulos Foundation (Angelopoulos Continuation Grant 2016)
2015 - , Startup Competition EUR 10K, Gianna Angelopoulos Foundation, Clinton Global Initiative (Angelopoulos Clinton Global Initiative University Fellowship 2015)
2015 - , Startup Competition EUR 2K, National Bank of Greece (5th Award in the 5th Panhellenic Competition i-bank Innovation & Technology​ 2015)
2014 - , Startup Competition EUR 5K, Youth and Lifelong Learning Foundation (First Award in the First Panhellenic Youth Entrepreneurship & Innovation Competition ideatree​ 2014)

PATENTS


AWARDS

2020 - Funding Research-Create-innovate (Round B, Research Project T2EDK-00703)
2020 - Funding Research-Create-innovate (Round B, Research Project T2EDK-00338)
2020 - Funding Research-Create-innovate (Round B, Research Project T2EDK-00328)
2019 - Funding University of Cambridge, Angelopoulos Foundation (GAPSTI)
2019 - Services University of Cambridge, Angelopoulos Foundation (GAPSTI)
2018 - Funding Envolve Entrepreneurship (First #GetEnvolved Award 2018)
2018 - Funding Envolve Entrepreneurship (Envolve Award Greece 2018)
2018 - Services Envolve Entrepreneurship (Envolve Award Greece 2018)
2018 - Funding Research-Create-innovate (Round A, Research Project T1EDK-04288)
2017 - Services ACCI, Region of Attica (Honorary Distinction, First Panhellenic Athens Startup Awards Competition)
2017 - Services 2017 IEEE IST Best Student Paper Award
2017 - Services Gianna Angelopoulos Foundation (Angelopoulos 100)
2017 - Funding Gianna Angelopoulos Foundation (Angelopoulos 100)
2016 - Services Gianna Angelopoulos Foundation (Angelopoulos Continuation Grant 2016)
2016 - Funding Gianna Angelopoulos Foundation (Angelopoulos Continuation Grant 2016)
2015 - Services Gianna Angelopoulos Foundation, Clinton Global Initiative (Angelopoulos CGIU Fellowship 2015)
2015 - Funding Gianna Angelopoulos Foundation, Clinton Global Initiative (Angelopoulos CGIU Fellowship 2015)
2015 - Funding National Bank of Greece (5th Award, 5th Panhellenic Competition i-bank Innovation & Technology 2015)
2015 - Services Eurobank, SEV (Honorary Distinction, 3rd Applied Research & Innovation Greece Innovates! 2015)
2015 - Services ACCI - Athens Startup Business Incubator (First Award and Honorary Distinction 2015)
2014 - Funding Youth and Lifelong Learning Foundation (First Award, First Panhellenic Competition ideatree​ 2014)
2014 - Services Youth and Lifelong Learning Foundation (First Award, First Panhellenic Competition ideatree​ 2014)

INCUBATIONS/ACCELERATIONS

2014 - Program Orange Grove
2014 - Program Athens Startup Business Incubator

Jobs


Perks