Face recognition reader for access control, time and attendance and meal payment
Developed the face recognition reader for Samsung and KT telecop
Winner of the Ministry of Science and ICT Award in 2016 and 2018
Business cooperation partnership with Panasonic System Solutions Asia Pacific
Completed PoC with Hyundai Elevator for its smart untact elevator solution
Automobile solution TBD with Hyundai Motors
Raised around $1M including Lotte Accelerator, Industrial Bank of Korea, Plan H Ventures (Hoban Construction), Zero1 Accelerator (Hyundai Motors), Posco
CVT was established in 2015 under the mission to make life more simple and secure through face recognition technology. CVT is consisted of embedded access control/camera/chip design experts with an average of more than 20 years of experience and has been growing steadily through collaboration and various support from major corporations.
CVT’s Face A+ is a face recognition device for access control, time and attendance, and meal payment to simplify your everyday life. In particular, in the face of the COVID-19, CVT offers a variety of solutions that befits the untact lifestyle. We have completed PoC for a solution that recognizes the user’s face registered in the device, calls the elevator and guides them to the destination floor. We are also developing a face recognition kiosk that allows visitors to self-register in the system without having to go to the information desk. Furthermore, we are working on a face recognition doorbell for smart home solution to be launched next year with a construction company. As for the overseas expansion, we are providing products in collaboration with Panasonic to Southeast Asia, and we plan to actively sell products under development to overseas markets as well.”
Official_company_name:HIMNANDA Corporation Website english version url:https://www.cvtinc.co.kr/ Founded Year:2015 Country of HQ:South Korea City of HQ:SeongNam Number of full time employees:15 Equity Capital Raised(Usd) so far:0.8 Mil Current Investor Lists:5
About company/product in details
Product video url:https://youtu.be/ic_MAGKaTCw Short description:"Developed a nutrious balanced salad under the concept of""a healthy meal salad"" and deliver to customers within an hour from production base. Currently, developing service algorithm of mathcing personalized food and nutrition information on the application through data analysis. Operating 5 directly managed stores around Seoul and capital area and 1 production base. 1st merchant store is opening in Magok on November 14th, 2019." 2018 revenue usd:USD 1mil Estimated 2019 revenue usd:USD 1.7mil Estimated revenue in 5 years usd:USD 8mil Risk management plan preparing for the worst scenario:"It is challenge to supply and demand vegetables steadily throughout the year, Himnanda has diversified vegetable-supplied channels for a long period of business. We have a strategy of expanding distriution of good food into contents, but the most difficulties of franchise is effective control of them. Current franchises have higher rate of failures due to high dependency of people, but HIMNANDA has strategy of managing franchise effectively by combining data based and IT."
Current Fundraising Info
Current stage of this fundraising round:Pre-A Fundraising goal of this round:USD 2mil Expected pre-valuation for this round(usd):USD 10mil Minimum investment:USD 0.1mil Amount of current commitment for this funding round (usd):USD 50,000
Target Buyer Info
Please write down 10 keywords in detail for your industries (ex, LivecastManagement, Broadcast Recording(VOD), Advertising Statistics):Autonomous Driving, Self-Driving, Advanced Driver Assistance System(ADAS), Automotive Radar, Imaging Radar, Intelligent Transportation System(ITS), Smart City, Dynamic Map, Surveillance, Security Please write down 5 type of target buyers groups (Restaurants and cafes, Independent stores, Manufactures (Packaged ingredients).):Autonomous Driving OEM, Autonomous Driving NTO(Non Traditional OEM), Autonomous Driving Hardware & Software Platform Company, Ride Sharing / AI / Map company, Surveillance and Security company Please write down 20 companies that you want to meet to sell your products in US:GM, Ford, Volvo, Tesla, Zoox, Google, Waymo, Apple, Baidu, NVIDIA, Intel, Samsung(Harman), Uber, Lyft, Argo AI, Here, etc. Please write down 20 companies that you want to meet to sell your products in Asia:BAIC, Brilliance, BYD, Byton, Changan, Chery, Honda, Infiniti, Lexus, Mazda etc.
Go-to-Market Strategy and Business Model
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Over 26 years of experience in the area. Started his career in Samsung where he worked on hardware, firmware, and software development of security system for home, bank, and buildings. Also developed device driver, communication implementation and alarm handling. In addition, he has experience working as SoC development team leader, commercializing domestic CDMA model applied products with LG Electronics. Furthermore, he specialized in the image processing algorithm development, developing the solution for character, face, and iris recognition