Coral Smart Pool Overview
Coral Smart Pool offers a video analytics-based drowning detection system designed for private pools. The system uses an underwater camera and advanced software that alerts users when a potential drowning is detected. Coral’s patent-pending system consists of a pool unit, in-home alarm unit, and smartphone app. The pool unit uses an underwater camera and proprietary software to track people and objects in the pool and detect drowning risks. The Coral system constantly looks for drowning events. Only when it detects a child or adult at risk of drowning will it generate alarms, both locally through the in-home alarm unit and to the user’s smartphone.
Cumulative Funding Raised Over Time ($)
Latest News
growth-positive
Fluidra introduces its corporate venture capital fund for start-ups in the pool and wellness sector
Fluidra has launched a venture capital fund, Fluidra Ventures, with an investment of 20 million euros. The fund aims to lead innovation in the pool and wellness industry by investing in startups that can revolutionize the global market. The focus will be on startups in the United States and Europe. The fund will seek initiatives that enhance efficiency, connectivity, sustainability, and safety in the swimming pool and wellness sector. Fluidra Ventures has already made its first investment in Coral Smart Pool, a technology company using AI to enhance pool safety.
Investment
Growth-Positive
Making a splash in safety: Solutions to prevent pool drownings | CTech
Four Israeli companies have developed technologies to reduce the risk of drowning. SOSense has developed an underwater sensor that alerts pool owners of any unauthorized entry into the water. Coral Smart Pool has developed a drowning detection system that uses an AI-based video camera to monitor people in the pool. SightBits technology includes human detection and classification, drowning detection, and hazard prediction. Lynxight offers a cloud-based aquatic risk management service that uses AI to manage and mitigate safety liability at sport and leisure facilities.
Investment
growth-positive
Israeli startup touts AI-powered virtual lifeguard, Mylo, to prevent pool drownings
Israeli startup Coral Smart Pool has developed a pool device called Mylo that can track and monitor swimmers, detect potential drownings, and send urgent alerts to operators. The device uses sensors, above-pool and underwater cameras, artificial intelligence, and computer vision to continuously monitor people in the pool. Coral Smart Pool has filed patents for its technology and is the only company with cameras underwater. The companys main market is the US, and it plans to offer two models for the Mylo device: a one-time purchase option and a subscription model with monthly fees. Coral Smart Pool has raised about $6 million in venture capital.
CustomersInvestment
growth-positive
הסטארט-אפ שרוצה למנוע את הטביעה הבאה
Israeli start-up Coral has developed an artificial intelligence system that can identify a person motionless underwater for more than 15 seconds and send an alert to a smartphone. The company is currently raising funds to break into the global market, with a pilot project for drowning detection in a public pool set to begin operation at one of the American YMCA organizations pools. The company was founded in 2015 and raised $2.5 million in 2018. It is now in active sales stage in the American and British markets.
InvestmentExpand
growth-positive
This Startup Wants to Prevent the Next Pool Drowning
Coral Detection Systems has developed an artificial intelligence technology that monitors residential pools to detect possible drownings. The companys device uses computer vision and AI to constantly monitor the pool and detect drownings by analyzing the position and motion of people underwater. When a possible drowning is detected, the device generates an alarm and sends alerts to all household members. Coral Detection Systems began selling its product in Israel in late 2018 and plans to start marketing internationally in the summer of 2019. The company has raised over $2 million in funding and currently employs a team of five.
CustomersExpand
| Sector | Industrial Technologies |
Funding
| Total funding | $5M |
| Last funding | $2.5M |
| Stage | Seed |
| Rounds | 6 |
| Investors | 5 |
Team Members
2
Employees: 1-10
Web & Social Links
| Website | coralmylo.com |
| Careers | Careers page |
Locations
HaMelacha Street 3, Binyamina-Giv'at Ada, Israel
Photos & Videos
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