2021

Making the digital world higher quality and more sustainable by bringing in unique copies of the real world

VR/AR

Soulmates Precismo

Precismo

Precismo is forging a more sustainable delivery path in the e-commerce and creativity industry, bringing highly effective product quality control, through the most advanced 3D models for VR/AR.

Milestones

Founded 2021

Team

Partner

Precismo aims to help customers make more informed choices by creating a unique technology that is transforming real objects into a digital representation, with minimal manual intervention and of high industry quality.

Websites: https://www.precismo.com

Solution

With huge growing development throughout the e-commerce industry, there’s also a growing amount of goods being ordered. Each of these orders has its own carbon footprint.

The delivery system is usually set-up with components such as transportation of the order, packaging material, the production of the product, second-use or possibly waste management, and sometimes also the operations costs of the product through its use.

For some of those orders, we know we will use them no matter what. But for some of them, things like clothes, shoes, electronics, we order them to try it out – to see how they work or look. If it doesn’t meet our expectations, we send it back, creating another source of unnecessary waste and carbon emissions.

Precismo aims to help customers make more informed choices by creating a unique technology that is transforming real objects into a digital representation, with minimal manual intervention and of high industry quality.

The 3D scanning technology can be used in detecting every tiny scratch, defect and flaw of things in a cost-effective way too. Due to its fully automated process, with higher precision than with traditional industry methods, Precismo’s technology has been positively deployed in the Automotive & Car Parts Industry, Aircraft manufacturing, Porcelain Manufacturing.

This feature also opens doors to the second-hand market for big retailers who often use second-hand cars, furniture etc. and sometimes even for the waste of the company.

Uniqueness

Unlike competitors who focus on one product only (e.g. 3D models or photos), Precismo offers a complete solution included in one ecosystem and provides a comprehensive solution for the sustainable retail and e-commerce market, media market (i.e. 3D models, product photos and videos, AR files, web viewers, web configurators… ), quality control market, second-hand market with the circular economy.

The startup’s proprietary algorithms use artificial intelligence and computer vision mathematics to smooth out automatically generated 3D models and to improve the efficiency of the scanning system.

Purpose

With the wide range of sectors where the Precismo technology can be used, there is also the same number of sectors where it can fulfil its purpose. There’s also huge potential for sustainable opportunities that can be challenged.

Currently, we operate in these industries below.

We see one of the biggest opportunities in the e-commerce sector. Precismo is aiming to make the shopping process better quality by creating authentic 3D copies of the real products, letting the customers choose from what materials the product will be, together with specific information about the product.

Our goal is to motivate people to choose more sustainable products with low negative impact, ideally with zero impact. (One of the possible ways to secure this is to create a calculator which shows how many kilograms of greenhouse gas emissions each variant emits.)

And, with more quality decisions, there could also be a decrease in the returning of products back to shops, which happens more specifically with clothes, shoes or electronics, which will lead to a smaller amount of travel and a smaller amount of emitted GHG.

Another area is quality control in the circular economy, second-hand markets and heavy industries. With quality content and cost-effectiveness technology, Precismo can offer a unique solution that controls any product’s current conditions.

This could increase the trustworthiness of second-hand market products and increase the overall efficiency while reducing the costs for the process of quality control which is used in many industries. This will specifically have big potential within the circular economy.

For people that buy from second-hand markets, it is important they pay the right price for the quality they get. With Precismo technology the companies can scan the condition in minutes with the best results, then the customers can see the product in 3D, through AR and VR, to see all the details.

The last area where we see an opportunity with the current technology is the education and HR sector. VR, AR and digital products are being used more and more in the education process to improve aspects of enjoyment and interest while learning. Whether it is in schools and universities, or companies and organizations.

Precismo has the developed skill-base and technology for VR, AR and digital content. Now we simply have to focus on finding a way to use these opportunities to bring them into the educational process.

Precismo’s high-quality digital content is also built to take up a small amount of digital space, so it has a lower data transfer CO2 footprint.

Status

Soulmates Ventures Group has become the lead investor in the current investment round of the Precismo project, with an amount approaching €1 million. Soulmates Ventures Group is the third investor, after KOOPEO Ventures and Nation1, to help fulfil the global ambitions of the startup Precismo.

The common goal of the founders and the new co-owner is to develop the technology, acquire new clients in the Czech Republic and abroad and prepare for the entry of a global investor. This will accelerate the growth of the company’s value to a level in the upper tens of millions of euros in the coming months.

“From a financial point of view, we chose the Precismo project because of the expected rapid jump in valuation for the next Series A, where we will target a value in the higher tens of millions of euros,” says Jiří Kuchyňa, CFO of Soulmates Ventures.

Soulmates Ventures will contribute to such an increase in valuation not only through its investment but also through the involvement of Precismo in the acceleration program, especially in the areas of marketing, sales and financial management of the company.

In view of this ongoing change, we see economic potential and a valuation of up to one hundred million euros in Precismo.

The investment will be used to expand capacity, marketing and sales activities and to make a significant shift in product development.

Business negotiations are currently underway with major global retail and e-commerce players. Existing clients include Procter & Gamble, one of the strongest companies in the FMCG sector. “It is the business development and scaling of Precisma’s solutions to the global mass market, that is the main common goal, which will most likely result in the entry of another major investor,” concludes Sochor, the founder of Soulmates Ventures.

Story

It was in summer of 2017 when two long-time friends and colleagues, Mikoláš Herskovič (now CEO of Precismo) and Zdeněk Glazer (now CTO) came up with an idea for a revolutionary 3D scanning machine which would, one day, deliver quality 3D content to developers, retailers, media, or simply anybody who needed it.

Both stepped out from their existing businesses, and Zdeněk and Mikoláš rushed to build a Proof of Concept 3D scanner. To say it was a blast would be an understatement. Thanks to a great amount of support (and pre-seed funding) from KOOPEO Ventures, Precismo was founded in September 2017.

They had been working hard on the industry-grade 3D scanning machine for about a year, creating such technology on a greenfield was quite a challenge for Zdeněk and his colleagues. They got to perform a lot of calculations, calibrations, coding, tests and reached some dead ends as well, but the prototype was finally ready in June 2018. They started scanning literally everything around them to see the results.

The team soon understood that their hardware was great but that made up for only half of the story. They had to put a lot of work into the software part as well and began working on a self-learning neural network that would fundamentally improve the quality of the outputs – and they continued to improve it, piece by piece, until today.