Company Overview
Snapshot
Founded in July 2018 by Tal Israel, Amiad Solomon, and Yossi Buda, Ception operates with 1–10 employees. The company has raised $7 million across three funding rounds from three investors. In September 2022, Shapir Engineering invested in Ception, signaling strong industry validation for its AI-based safety solutions.
Business overview
Ception develops MineCept, an AI-based system designed to enhance safety, productivity, and profitability for heavy equipment in demanding environments such as construction sites, mines, quarries, and industrial plants. The core technology utilizes advanced, real-time, high-definition 3D mapping and precise positioning, relying on visual feed rather than GPS. By cross-referencing information from various sensors, image-processing algorithms, and deep learning methods, MineCept provides comprehensive situational awareness. The system delivers real-time information and insights to operators, site managers, and safety managers, aiming to reduce operational costs and promote sustainability within the Industrial Technologies sector.
Strategic signal
In September 2022, Shapir Engineering invested in Ception and announced plans to integrate the startup's AI technology at its sites. This strategic investment and adoption by a major engineering firm validates Ception's MineCept system as a critical solution for improving safety and operational efficiency in heavy machinery. It signals strong market acceptance and potential for broader industry integration of Ception's AI-powered safety solutions.
Log in to access full profile ›Company Intelligence Q&A
- What is Ception's primary product?
- Ception's primary product is MineCept, an AI-based system designed to improve safety, productivity, and profitability for heavy equipment in industrial environments.
- When was Ception founded and by whom?
- Ception was founded in July 2018 by Tal Israel, Amiad Solomon, and Yossi Buda.
- What significant investment did Ception receive in September 2022?
- In September 2022, Shapir Engineering invested in Ception and announced its intention to integrate Ception's AI technology at its operational sites.