INSIGHIO P.C. Athens, Greece

Company Website: https://insigh.io/

Company Email: info@insigh.io

Employees: 4

Funding State: Bootstrapped


Industries

  • AgriTech / FoodTech

Technology

  • Hardware
  • IoT
  • Networks
  • Sensors
  • Software

Business Model

  • B2B

Revenue Model

  • Price per Item
  • Subscription

Funding Sources

  • Grant
  • Self

About

We are a team of technology experts, who have joined forces to bring radical new IoT concepts, from concept exploration to prototyping and eventually full-scale deployment. We are helping IoT newcomers, from small businesses to mid-caps and public authorities, to overcome the IoT entry barriers that prevail today. Nowadays, the IoT landscape is characterized by extreme complexity and fragmentation, which increase costs and delivery times even for developing a basic IoT Proof-of-Concept. Such a PoC can help companies obtain a rough idea on how much and in what way they can benefit from IoT. This in turn discourages companies from investing in IoT and delaying its uptake, creating a vicious cycle. At INSIGHIO we solve this problem through: - An in-house designed insigh.io generic board which -to the best of our knowledge- is the most flexible, yet economically affordable, IoT development board, which can help on showcasing the basic IoT concepts. - A lean but complete device and data management platform, which can help revealing the value of IoT data collection, and - A quick 3-stage "bootstrap-prototype-scale" consultancy service that helps on moving from a PoC to a large-scale solution. With the complete offering we can cut down on IoT cost by at 50% and reduce standard IoT pilot preparation times by a factor of 5, compared to any other development board, software platform or integrated service on the market.


Solution & Product

With INSIGHIO we disrupt the way businesses adopt new IoT technologies and benefit from their usage. We embed affordable IoT monitoring and automation capabilities, in a totally transparent way and with a clear value proposition, built around our insigh.io offering, comprising - a new generic IoT hardware board, essentially, an autonomous plug-and-play node with numerous sensor interfaces and connectivity options, ready to be tailored, that addresses the challenges of simplifying and making affordable the deployment of IoT technologies in the field, along with - an end-to-end software suite for managing and collecting data from remote IoT devices, together with a user-interface for visualizing sensor data and various on-demand add-ons, such as alerting, analytics and integration APIs. Throug this offering, we help companies focus on their core business and not on low level technology implementation issues or having to deal with a disparate set of actors. We address the global IoT market which today worth hundreds of billions USD and has a huge growth potential. We target different customer segments, with our primary target being SMEs and larger companies from various verticals/Industry 4.0 sectors who want to accelerate their digitalization path and adoption of cutting edge IoT technologies. We also respond to the needs of many R&D organizations, Project Consortia and Public/Private authorities, for performing early technology testing in lab and real world conditions.


Innovation & Scalability

The company’s vision is to help IoT newcomers, from small businesses to mid-caps and public authorities, overcome the IoT entry barriers that prevail today. We build upon the in-house designed insigh.io generic board which -to the best of our knowledge- is the most flexible, yet economically affordable, IoT development board, that can be readily deployed in the field and accommodate a plethora of verticals and use-cases. It integrates in a unique technological way: multiple power-supply options with automatic power management; practically every connectivity technology, numerous analog and digital sensor interfaces and protocols; special hardware recovery modules for unobstructed and unattended operation, and infinite hw/sw customization capabilities. Besides the mere technology innovations applied to the board design, we have established an innovative business model revolving around the insigh.io offering, covering all the steps from conception to final product. Starting from bootstrapping, we check if the implementation is possible and estimate resources, then we move to prototyping, where we implement a PoC, i.e. the first validation of the idea in the real world, and finally launch the full-scale product, all within a time frame of 3 weeks.


Traction & achievements

INSIGHIO has already signed 3 commercial contracts for the delivery of at 250 units of customized insigh.io hardware boards until the end 2021, addressing the following IoT applications: beehives monitoring, indoor air-quality control and precision farming. The founding team got together in mid-19, and started working on shaping the core vision, the strategic goals and the MVP. The first prototype along with a beta version of the platform was released one year later, together with the launch of the insigh.io brand and web-site, followed in Q3-20, by the first pilot installation of an IoT soil monitoring system in an olive grove. By Q4-20 the first stable version of the insigh.io board was finalized along with open-source code release. INSIGHIO legal entity established in May 21. In July 2022 we joined ESA BIC GREECE Incubator with the aim of expanding our business to the satellite IoT domainl During our first 18 months of operation we have achieved high business traction. In particular: - We have already completed 4 commercial projects with 5 clients/partners in Greece & USA. More than 200 boards have been delivered and deployed in 4 countries, 3M data points have been collected from the field. Main verticals are: beehive monitoring, precision agriculture, indoor air quality inspection, and weight waste monitoring. - We have also attracted funding from 3 EU R&D projects through competitive Open Calls


Team & Why Us

The founding team consists of technology experts, who have joined forces to bring radical new IoT concepts, from concept exploration to prototyping and full-scale stage. The team has collectively more than 30 years of professional experience manifested in a significant R&D track record and noteworthy experience on ICT products design, development and management using state-of-art technologies. Why do it with us: - We are a team of experienced technology experts: We have a significant R&D track record that bring together a set of diverse competences - We have a cost effective product that brings IoT to real-world: It is a fully customizable proven in-house solution that can fit to every business - We offer a complete suite of services, from IoT hardware design to software development and connectivity selection - We provide fast, flexible and continuous support: From design to deployment and production, being a valuable technology partner


Funding Needs

INSIGHIO is continuously looking for funding opportunities to enhance its team and improve/evolve its products portfolio.


ONE LINER

From conception to final product, we offer integrated IoT solutions that bring any idea into life


TEAM

Nikos Ftylitakis
Nikos Ftylitakis, CoFounder
Antonis Gotsis
Antonis Gotsis, CoFounder
Kostas Balampekos
Kostas Balampekos, Other

FUNDING

2024 - Pre Seed, Grant EUR 60K, TARGET-X
2024 - Pre Seed, Grant EUR 120K, DIGITALSMEII
2023 - Pre Seed, Grant EUR 38K, SECURIT
2022 - Pre Seed, Grant EUR 60K, ASSIST-IoT
2022 - Pre Seed, Grant EUR 50K, ESA BIC GREECE
2021 - Pre Seed, Grant EUR 5K, Digifed (H2020)
2021 - Pre Seed, Grant EUR 10K, Fed4Fire+ (H2020)

PATENTS


AWARDS


INCUBATIONS/ACCELERATIONS

2022 - Program ESA BIC GREECE

Jobs


Perks