About

Pragma-IoT is a spin-off company of CERTH/ITI (Centre for Research and technology Hellas/ Information Technologies Institute) established in 2017. Pragma-IoT develops innovative smart solutions and offers consulting services to organizations and businesses worldwide. The company offers services, using IoT technology, in Industry 4.0, Smart Cities, Artificial Intelligence and Machine Learning, Human Behavior Analysis as well as Augmented / Virtual Reality fields.

Solution & Product

The core Pragma-IoT product is a dynamic OEM IoT platform that covers the full lifecycle of collection, storage, automatic analysis, and presentation of big data from sensors as well as other sources (ERP systems, databases, etc.). The platform supports multiple thematic areas and has been integrated with sensors to provide solutions in a variety of verticals (Energy, Water, Agriculture, Environment, Waste Management, Factory Management, Footfall Analysis, Lighting, Parking etc.).

Innovation & Scalability

Pragma-IoT visions to deliver an OEM platform of high—added value, that will be adaptable to individual organization needs leading to the transformation of the multi-factor information collected to actionable knowledge. Having a strong research & development background the company is able to deliver a solid solution with a stable and flexible architecture. The platform has succesfuly been integrated with sensors, networks, protocols and third-party software and infrastructure proving its adaptability to any condition. Its unique and scientifically strong AI and machine learning algorithms help to analyse vast amounts of information while its user-centered front-end offers a profound insight into collected, processed and inferred data. Coupled with a robust recomendations engine information can be transformed to agent objects which can automate tasks and procedures leading to enhanced efficiency, increased performance, reduction of operational risks, and improved response times.

Traction & achievements

In 2018, PRAGMA-IoT has won the award for best research work in “The Digital Gate II: Airport Innovation Challenge” organized by the Athens International Airport (AIA), and was selected to pariticipate in the European Data Incubator experiment for large volume data processing. Pragma-IoT’s IoT platform has successfully passed penetration tests before its first installation in a major recreational establishment with high security needs, confirming its concrete architecture and implementation. An Industry 4.0 solution was also installed in an important manufacturing site interfacing both with integrated ERP software and state-of-the-art machinery. In 2019 Pragma-IoT participated in the Switch_On Innovation Lab organized by HEDNO and the FinQuest by Alpha Bank. It was also a founding member of the Technopolis AI Cluster and the IsZEB Cluster for Zero & Positive Energy Buildings. A team of Pragma-IoT’s engineers visited the IoT & AI Insider Lab in Munich, Germany where, with the help of Microsoft Engineers, jumpstarted the deployment of its IoT Platform on Azure. AWS deployment had precedent in the previous months as Pragma-IoT participated in the Amazon Web Services Activate program. In 2020 Pragma-IoT was selected by a wordwide technology manufacturer for its edge AI services. In 2021 NGIF VC invested one million euros in the company. In 2022 its development team reached fifty highly specialized engineers and two million Euros income.

Team & Why Us

Pragma-IoT is driven by a strong passion for excellence in shaping products and services tailored to its customer’s needs. The team includes experienced researchers from CERTH/ITI and highly specialized engineers. The CEO of the company is Dr Lambros Makris with over 25 years of management experience. Dr Dimitrios Tzovaras (former director of CERTH/ITI and chairman of CERTH), Dr Konstantinos Votis (Researcher B’ at CERTH/ITI) and Dr Anastasios Drosou (Researcher C’ at CERTH/ITI) contribute to business development and high level project management. Dr Dimosthenis Ioannidis (Researcher C’ at CERTH/ITI) is the CTO and aligns technology-related decisions with the company's goals. Dr Stelios Krinidis is the R&D Development Team leader while Konstantinos Kitsikoudis (MSc), Dr Athanasios Tsakiris and Dr Stavros Papadopoulos are responsible for the IoT platform, AR/VR and AI Solutions respectively.

Funding Needs

Pragma-IoT offers: i. A business model with solid and scalable characteristics driven by B2B2C, ii. A strong team from related fields with long-standing relations and extensive experience, iii. High growth with an increasing gross margin above 75%. To upscale its business and enter new markets in Europe and Overseas Pragma-IoT received 1.000.000€ which will be distributed between research & development, marketing and sales and operational costs and help realize its 5-year business plan.