“Google Analytics” physical spaces displays anonymous real-time traffic data

New technical staff will double the team, accelerating the development of the AI ​​platform

The Development Bank of Wales leads the pre-sowing round for the Cardiff Uni alum trio

Preliminary equity investments of £ 780,000 ($ 1 million) in Cardiff AI Route Konnect software are set to revolutionize the way the world understands people and the movement of vehicles, eliminating the need for controversial face recognition technology. as part of a deal advised by GS Verde Group. The investment round led by the Development Bank of Wales will support Route Konnect’s ambitions to grow by doubling the team with key technical and business operations officers to bring the platform to market.

Described as “Google Analytics” of physical spaces, Route Konnect is the first video analytics company to anonymously capture connected, multichamber, vehicles and the movement of people in any particular space, city or town. High-precision real-time data provides a true understanding of the end-to-end path, providing better traffic management, location creation and urban planning for smart cities and location management.

The Tramshed-based company was founded by CEO Mohamed Binesmael, software engineer Matteo De Rosa and chief technology officer Daniel Harborn, a software engineer who previously worked for Amazon. The founders met while studying at Cardiff University in 2016 and have now received their first equity investments before the founder led by the Welsh Development Bank’s Seed Technology Funds with additional investments from proptech VC Pi Labs, early investors SFC Capital and a private angel. investors supported by Plug and Play, who were early investors in Dropbox and PayPal.

Co-founder and managing director Mohamed Binesmael said: “Our platform covers accurate, intelligent information about the movement of people and vehicles in real time without compromising individual privacy to provide better and more efficient traffic management, location creation and urban planning in cities and towns around the world. From reducing waiting times at traffic lights and easing traffic jams to access emergency services to improving customer service in stadiums and outlets, the use of accurate and anonymous traffic information has universal potential.

“We are excited to gain the support of this incredible line of investors, which allows us to double the number of our team through new technical and operational staff, including machine learning specialists and video analysts. With so much research and development, we are ready to accelerate our ambitions to change the way people understand the world and the behavior of vehicles and use intelligent data to save time, resources and reduce the impact on the planet. ”

Matthew Wilde of the Welsh Development Technology Team said: “Route Konnect draws on recently published techniques to eliminate the need for face recognition for traffic analytics using multiple cameras. This feature opens up powerful information about moving around the place without compromising privacy.

“It is an ethical solution that addresses a large market gap with growing public safety concerns, growing congestion problems, growing favorable government initiatives for effective road management, expanding the use of clean car technology and developing smart cities around the world. the world. Even better, it is being developed right here in Cardiff, by a young and ambitious team, so for us as investors in technology at an early stage, it was an unforgettable opportunity. ”

[For tech and real estate media] Hugo Silva, senior investment manager at Pi Labs, said: “The future of transport and mobility is inextricably linked to how the embedded environment is evolving, and AI solutions are becoming an important tool in responding to emission rules and congestion issues. In addition, the Route Konnect platform goes even further than just transportation, and can better inform developers, contractors and asset managers about the flow of people around their property. Our investment in the company coincides with our belief in supporting the most innovative startups that accelerate the trend towards smart cities and urban sustainability. By inviting them to be part of our growth program until 2022, we are excited to support Mohamed, Daniel and Matteo, and our team is committed to helping them scale up further and see how the Route Konnect solution is widely deployed in cities around the world. ”

The solution, developed by Route Konnect, uses a number of heuristics that allow you to reliably map the paths traveled by the same person or vehicle through multiple cameras. All the heuristics used have no identified features and are therefore in themselves much less powerful than face recognition technology. However, combined with these heuristics give clues as to which path that is visible on one camera may be combined with the path from another camera. Testing showed 98% accuracy.

Binesmael comments: «In the UK and EU, there is a growing legal waiver against the use of face recognition technology, and the GDPR adds to the challenges. Existing analytical platforms for vehicles and vehicles use face recognition technology or process camera data in individual locations in isolation, providing overly simplified counting of vehicles or data that has been aggregated. Route Konnect provides precision “all-place” approach, making important data available to road managers, property owners and investors, and city planners to consider the full end-to-end pathway to improve social, environmental and economic impacts ”.

Since its launch, Route Konnect has spent more than a year in research and development, including participating in the Dubai Future Accelerators Program, where the team was able to help Dubai Police explore options to improve emergency response times with smart city solutions. Meanwhile, Cardiff City Council is currently on trial for the introduction of smart corridors to reduce congestion, and as a result Route Konnect was selected as one of 11 Welsh businesses to participate in the second cohort of the Transport for Wales lab accelerator. program. A pilot test will begin soon to help identify opportunities to reduce time spent on platforms and better manage crowd control at special events.

Route Konnect also received a £ 100,000 grant from Zenzic and was selected to participate in its CAM expansion program, which gives unique access to the UK’s leading test benches. In the coming months, Route Konnect will develop its technology in the Midlands Future Mobility test environment for autonomous vehicles and at the Smart Mobility Living Lab in London, as well as at Horiba Mira, a consultancy for automotive engineering and development and testing site in Nanitan.

G. S. Verde advised on the transaction.

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Route Konnect secures £780k Pre-Seed investment led by the Development Bank of Wales

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