calvIO is creating a programmer-less environment for configuring and maintaining the industrial robotic assembly cycle. In time, our solution will lead to a 50% reduction in robot deployment and maintenance costs and positions us to gain share in a $20 billion market. Having recently exited a 2+ year incubation within Calvary Robotics (Webster, NY) we are poised to fundamentally disrupt the industrial automation and manufacturing marketplace.
calvIO's two modular robotic work cells are controlled by an integrated software solution that uses a proprietary tablet-based programming sequence to simplify robot configuration, point-to-point programming, and fault recovery & logic. Other solutions to increase ease-of-use and reduce barriers to entry are in development. We launched our products in late 2016 and have received orders from 3 large medical device manufacturers to-date.
calvIO is seeking investments to advance our software architecture and launch a Robot-as-a-Service business model. During the next 12 months, we will begin development of novel artificial intelligence and machine learning algorithms to discover schemas for rapid design, test, and configuration. This development will help us achieve our overall mission to reduce robot programming time from 300 hours to 5 minutes. The management team collectively has 70+ years of software development, product management, and artificial intelligence experience with companies such as IBM, Microsoft, Boeing, and British Telecom.