Dasseldorph RiiicoA platform developer for digital models is a diptech startup, to expand its AI platform with new applications for digital twins, helps to increase its industrial clients’ elasticity and competition.
The round led by the Proptake Fund Pi labs. Additional investors are Seed + Speed Ventures, Wave-X, Arlibard Venture Capital and Volvo Car Technology Fund.
FelixCEO, Riico: “With our top users in the automotive sector, we have already proved the quality of our solution under extreme expenditure stress and high quality demands. Leadership investors with our new investors led by PI labs, we aim to increase the connection between the environment and digital models, increase the flexibility to strengthen the industry’s elasticity and competition.“
Established in 2021, Reico developed an AI-based software platform that enables industrial companies to digitally, redesign and quickly adapt to new products or processes of their established factories (Brownfields). The goal is to make manufactured sites more efficient, sticky and elastic.
When new foreign competitors create modern greenfield plants from scratch, Rico outline reveals that Western manufacturers need to be established. This work is expensive, slow and error-prone.
Riico’s solution makes retrofiting factories more efficient: an associate decision -making equipment for all sides from plant managers to suppliers. It makes the re -design processes four times faster and speeds the introduction of new products.
Rico’s AI automatically detects machines, equipment and building infrastructure on Leader Scans and produces a 3D digital twin in the factory. It allows teams to imitate, evaluate and apply to various situations as fast and secure as the building with Lego Brick.
Last year, the solution was successfully used in the automotive industry to install electric vehicle production lines in the factory used earlier for combustion engines. Using the Riico solution, the team’s realistic 3D data was accessed, it was reported that expensive on -ite modifications had reduced a new criteria for quality and skills.
Faisal ButtFounder and Managing Partner in PI Labs: “In response to business demand and market conditions, the factory is likely to convert AI to re -design the manufacturing facilities. The platform converts the complex production environment leder scans, transformed into prophecy 3D models using deep education algorithms.
“Riico is unique to become a critical enabled for art benefits under increasing expenditure stress, helping them handle them more efficiently and competitivelyThe “
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