Ception Overview
Ception is the developer of MineCept, an AI-based system for reducing accidents and improving the productivity and profitability of heavy equipment at construction sites, mines, quarries, and industrial plants. The system is designed to lower operation costs and contribute to sustainability in these demanding work environments. MineCept uses advanced, real-time, high-definition 3D mapping and precise positioning technology, based on visual feed rather than GPS, to provide full situational awareness of a machines surrounding environment by cross-referencing information from different sensors and a range of image-processing algorithms and deep learning methods. MineCept is installed on heavy vehicles and provides operators, site managers, and safety managers with real-time information and insights in order to improve safety and overall operational efficiency.
Cumulative Funding Raised Over Time ($)
$7.0MFeb 2020
$7.0MSep 2022
Latest News
N/A
Shapir Engineering invests in Ception and will integrate the startup's AI at its sites - Israel Electronics News
The article discusses the data collection practices of Techtime, a company that collects personal and anonymous data on its website for business purposes such as user experience enhancement and digital marketing. The company collects personal data through various forms on its website, including email addresses and names. Techtime ensures that its data collection practices comply with GDPR requirements. The article also mentions the use of third-party providers for website operation and digital marketing campaigns. The company retains user data indefinitely for comment moderation and allows users to request access to their data or request anonymization. Techtime protects user data through encryption, web application firewall, and regular security scans. In the event of a data breach, the company follows a standard operational procedure to assess and remedy the breach.
CustomersPartners
growth-positive
Israeli startup Ception unveils new AI-based system to improve safety, productivity, and profitability of heavy equipment
Israeli startup Ception has unveiled an AI-based system called MineCept that improves safety and operational efficiency of heavy equipment at construction sites, mines, quarries, and industrial plants. The system reduces accidents, lowers operation costs, and contributes to sustainability. MineCept provides real-time information and insights to operators, site managers, and safety managers, and includes a modular hardware kit, an assistance system for operators, and a site management system. Ceptions system is already being used by leading mining and construction companies, including ICL Group and Netivei Israel. The company has been recognized by Cemex and won a recent workforce technologies competition. Ception is in advanced negotiations for collaboration with one of Israels top construction companies and has received $7 million in funding.
CustomersPartnersInvestment
growth-positive
GM and IAI developers have created a "Mobileye" type product for the prevention of accidents at construction sites
Ception, a startup founded by Tal Israel and Yossi Buda, aims to improve operational productivity and reduce workplace accidents in construction sites. Their system uses a hardware kit, alert system, and real-time command and control system to provide accurate spatial understanding of vehicles and the construction site. The system integrates artificial intelligence algorithms and sensors to identify hazards and safety incidents. Ception has analyzed past incidents and accidents to develop a system that can prevent them. The company has raised $7 million in funding from MoreVC Fund and received a grant from the Innovation Authority. The article highlights the need for better accident prevention systems in the construction industry and the potential of Ceptions technology to address this issue.
Customers
growth-positive
The tech start-up using core enablers of automation to benefit every mine
Ception Technologies, founded by Tal Israel and Yossi Buda, offers advanced technologies to improve the safety and productivity of off-highway vehicle operations in industries such as mining and heavy construction. Their core technologies include a visual positioning system (VPS) and 3D mapping, which enable full situational awareness in mine sites. Ceptions MineCept solution, backed by funding from Israeli venture capital firms and the Israel Innovation Authority, is an aftermarket solution that provides modular kits and software applications to enhance vehicle operator safety and fleet and site management. The company plans to eventually enable mine operators to become fully autonomous. Ception is currently implementing its solution in various mines, quarries, and construction sites and is also offering its technologies to OEMs as a built-in component of new mining equipment.
CustomersPartners
growth-positive
Two homeland security ventures get backing from Israel-US BIRD fund
Two joint Israeli-US homeland security research and development projects will receive $1.5 million in funding from the Israel-U.S. Binational Industrial Research and Development (BIRD) Foundation. The projects, led by Levitection and Liberty Defense technologies, and Ception Technologies and Hivemapper, are developing an electromagnetic imaging and artificial intelligence-based solution to detect threats and hidden items in wide-open areas, and a 3D fused mapping system for both air and ground respectively.
InvestmentPartners
| Sector | Industrial Technologies |
Funding
| Total funding | $7M |
| Last funding | Undisclosed |
| Stage | Seed |
| Rounds | 3 |
| Investors | 3 |
Team Members
3
Employees: 1-10
Web & Social Links
| Website | driveu.auto |
| Careers | Careers page |
Locations
Hartom Street 16, Jerusalem, Israel
Photos & Videos
No files yet
Ception Business
Business models
B2B
Product stage
R&D
Employees
1-10
Sector
Industrial TechnologiesOperational Optimization SolutionsTarget Customer
Defense, Safety & SecuritySecurityLaw EnforcementTransportation & LogisticsTransportation InfrastructurePorts & HarborsIndustrial ManufacturingHybrid IndustriesMiningIndustrial EquipmentMachineryDiscrete IndustriesAutomotiveReal Estate & ConstructionConstructionCore Technology
Simulation & ImagingDigital TwinSensingLIDARGeolocationArtificial IntelligenceComputer VisionDeep LearningTags (11)
safetylogisticsindustry-4.0digital-twinautomotivecomputer-visionpatent-pendingdeep-learningsensorsminingartificial-intelligenceCeption Financials
$7M
Total funding
Undisclosed
Capital raised
Undisclosed
Last funding
Seed
Funding stage
3
Total rounds
3
Investors
Cumulative Funding Raised Over Time ($)
$7.0MFeb 2020
$7.0MSep 2022
Private Equity Funding
Undisclosed Round
Sep 2022
Undisclosed
Access Construction Innovation Hub
Seed
Feb 2020
$7M
IIA, MoreVC
Non-Equity Funding
GrantEvent
Jan 2021
Undisclosed
BIRD foundation
Ception Lifecycle
Cumulative Funding Raised Over Time
$7.0MFeb 2020
$7.0MSep 2022
All Events
Undisclosed Round
Sep 2022
Undisclosed
Access Construction Innovation Hub
Seed
Feb 2020
$7M
IIA, MoreVC
GrantEvent
Jan 2021
Undisclosed
BIRD foundation
Ception News
5 articles
N/A
Shapir Engineering invests in Ception and will integrate the startup's AI at its sites - Israel Electronics News
The article discusses the data collection practices of Techtime, a company that collects personal and anonymous data on its website for business purposes such as user experience enhancement and digital marketing. The company collects personal data through various forms on its website, including email addresses and names. Techtime ensures that its data collection practices comply with GDPR requirements. The article also mentions the use of third-party providers for website operation and digital marketing campaigns. The company retains user data indefinitely for comment moderation and allows users to request access to their data or request anonymization. Techtime protects user data through encryption, web application firewall, and regular security scans. In the event of a data breach, the company follows a standard operational procedure to assess and remedy the breach.
CustomersPartners
growth-positive
Israeli startup Ception unveils new AI-based system to improve safety, productivity, and profitability of heavy equipment
Israeli startup Ception has unveiled an AI-based system called MineCept that improves safety and operational efficiency of heavy equipment at construction sites, mines, quarries, and industrial plants. The system reduces accidents, lowers operation costs, and contributes to sustainability. MineCept provides real-time information and insights to operators, site managers, and safety managers, and includes a modular hardware kit, an assistance system for operators, and a site management system. Ceptions system is already being used by leading mining and construction companies, including ICL Group and Netivei Israel. The company has been recognized by Cemex and won a recent workforce technologies competition. Ception is in advanced negotiations for collaboration with one of Israels top construction companies and has received $7 million in funding.
CustomersPartnersInvestment
growth-positive
GM and IAI developers have created a "Mobileye" type product for the prevention of accidents at construction sites
Ception, a startup founded by Tal Israel and Yossi Buda, aims to improve operational productivity and reduce workplace accidents in construction sites. Their system uses a hardware kit, alert system, and real-time command and control system to provide accurate spatial understanding of vehicles and the construction site. The system integrates artificial intelligence algorithms and sensors to identify hazards and safety incidents. Ception has analyzed past incidents and accidents to develop a system that can prevent them. The company has raised $7 million in funding from MoreVC Fund and received a grant from the Innovation Authority. The article highlights the need for better accident prevention systems in the construction industry and the potential of Ceptions technology to address this issue.
Customers
growth-positive
The tech start-up using core enablers of automation to benefit every mine
Ception Technologies, founded by Tal Israel and Yossi Buda, offers advanced technologies to improve the safety and productivity of off-highway vehicle operations in industries such as mining and heavy construction. Their core technologies include a visual positioning system (VPS) and 3D mapping, which enable full situational awareness in mine sites. Ceptions MineCept solution, backed by funding from Israeli venture capital firms and the Israel Innovation Authority, is an aftermarket solution that provides modular kits and software applications to enhance vehicle operator safety and fleet and site management. The company plans to eventually enable mine operators to become fully autonomous. Ception is currently implementing its solution in various mines, quarries, and construction sites and is also offering its technologies to OEMs as a built-in component of new mining equipment.
CustomersPartners
growth-positive
Two homeland security ventures get backing from Israel-US BIRD fund
Two joint Israeli-US homeland security research and development projects will receive $1.5 million in funding from the Israel-U.S. Binational Industrial Research and Development (BIRD) Foundation. The projects, led by Levitection and Liberty Defense technologies, and Ception Technologies and Hivemapper, are developing an electromagnetic imaging and artificial intelligence-based solution to detect threats and hidden items in wide-open areas, and a 3D fused mapping system for both air and ground respectively.
InvestmentPartners
Ception Team
Employee Info
| Employees (range) | 1-10 |
| Exact count | 7 |
| Team members | 4 |
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Ception Internal
Recent Updates
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Admin Info
| Confidence | 98/100 |
| Missing | video or image, markets |
| BI Verification | Jenny Sotnik-Talisman |
| Registrar ID | 515877918 |
| Crunchbase | ception-technologies |
| Creator | Jenny Sotnik-Talisman |
| Creator email | genys30@yahoo.com |
| Last updater | Maor Perlov |
| Updater email | maor.perlov@sncentral.org |
| Last update | 2023-03-30T00:00:00.000Z |
| Created | 2017-12-18T00:00:00.000Z |
| Claimed | Yes |