Tell us about what you’ll be presenting at Expand North Star 2023?
Proxgy will be showcasing its ecosystem that comprises of an innovative range of Industrial IoT products and tailor-made software tools that empower Industrial Edge Workers to be at the forefront of the digital revolution.
The Proxgy ecosystem is structured into three integral layers: the Industrial IoT Layer, Software Middle Layer, and SaaS Subscription Layer. Each layer plays a crucial role in delivering a seamless and efficient experience to users.
SaaS Subscription Layer 3
The pinnacle of the Proxgy ecosystem is the SaaS Subscription Layer. This layer harnesses the power of AI/ML models, designed in accordance with industry standards. Drawing data from the devices in Layer 1, these intelligent models derive valuable insights and predictive analytics. By offering subscription-based access to these data-driven solutions, the SaaS Layer empowers businesses to make informed decisions, optimize processes, and unlock new avenues for growth and innovation.
Software Middle Layer 2
Sitting at the core of the ecosystem, the Software Middle Layer is instrumental in facilitating seamless chipset to cloud connectivity. This layer incorporates sophisticated algorithms, thoughtfully tuned to cater to client-specific use cases.
Industrial IoT Layer 1
At the foundation of the Proxgy ecosystem lies the Industrial IoT Layer. This layer comprises cutting-edge and innovative devices, meticulously designed to act as entry nodes for the industrial workforce. These advanced devices provide seamless access to the ecosystem, empowering industrial professionals with real-time data and enhanced connectivity. The IoT layer consists of:
1. SmartHat – A smart safety helmet designed to enhance workplace safety. The helmet comes equipped with real-time tracking, environmental sensors, human condition monitoring sensors, and communication tools to enhance situational awareness for workers in industries such as construction, manufacturing, mining, and oil & gas.
2. Sleefe – A lightweight, easy-to-use smart device that attaches to any cap and converts it into a smart cap. Sleefe is equipped with a camera, speakers, and mic, enabling a wide range of on- and off-field optimizations in industries such as logistics, warehousing, policing, surveillance, and banking.
3. Lockator – A 4G-enabled smart industrial lock that provides on-the-move security and access control solutions for cargos, containers, and facilities. The lock is capable of geofencing, NFC+RFID unlock, GPS and speed tracking of shipping containers, satellite connectivity in the absence of a network, and tamper-proof e-SIMs.
4. Audiocube – A 4G-enabled soundbox used for instant payment confirmation received from QR codes from all leading payment banks. The Soundbox disrupts the existing market by offering first-in-segment customizable features like an LED screen and thermal printer.
5. Airhat – According to the World Health Organization, 1.4 million people die prematurely every year due to exposure to pollutants. To combat the risk of polluted air in working spaces such as mines and factories, Proxgy has developed the Airhat technology, which comprises HEPA + UV + charcoal filters that purify the air ventilated across the wearer's head and form an air curtain to ensure a healthy work environment.
6. Birdbox – A carry-on retractable camera unit that can be deployed remotely to a maximum height of 15 meters. The wheels and design make it easy to carry and deploy at different locations, making it ideal for industries such as construction, mining, and oil & gas.
Our advanced technology is designed to enhance safety, optimize operations, and drive efficiency across various sectors, including logistics, warehousing, transportation, and more.
What makes your product or service truly unique and why will investors, VCs, incubators, accelerators, and show visitors love it?
With over 25 patents Proxgy's ecosystem stands out in the market due to its unique usercentric design, cutting-edge innovation, and diverse use cases. With offerings like Lockator, Audiocube, Sleefe, SmartHat, AirHat, and BirdBox, we address specific pain points in various industries, ranging from mining and oil and gas to construction, security, and more. Our products empower users with enhanced efficiency, seamless connectivity, and real-time data insights, leading to higher adoption rates and satisfied customers. The incorporation of Industrial IoT, AI, real-time data analytics, and human-sensory systems demonstrates our commitment to staying at the forefront of innovation. Proxgy's solutions not only increase productivity but also prioritize worker safety, making them highly attractive to investors, VCs, incubators, accelerators, and show visitors seeking disruptive technologies with significant growth potential.
Which sectors will grow significantly in the start-up ecosystem in 2024 and why are investors looking at these sectors?
In 2024, the start-up ecosystem is sure enough to witness significant growth in sectors such as industrial automation and robotics, renewable energy and sustainability, healthcare technology, artificial intelligence and machine learning, and FinTech and blockchain. These sectors offer innovative solutions to critical industry challenges, driving investor interest. Advancements in technologies like AI, IoT, and blockchain have demonstrated their potential for efficiency gains and cost savings, making them appealing to investors. Moreover, the global focus on sustainability and clean energy solutions further attracts investment in renewable energy start-ups. The COVID-19 pandemic has accelerated the adoption of digital technologies, creating favourable conditions for technology-driven startups. Investors see promising opportunities in these sectors for disruptive innovation and substantial returns on investment.
Which regions do you believe will thrive the most in raising funds for their start-ups in 2024 and why?
In 2024, it is anticipated that several regions will experience a surge in raising funds for their startups. Among these, the Middle East and South Asia are expected to stand out due to highly conducive conditions that promote the flourishing of startups. Notably, countries such as Dubai, Saudi Arabia, and India have taken substantial strides in establishing themselves as prominent global tech hubs. This advancement is bolstered by the presence of favorable regulatory frameworks, extensive government support, and a thriving ecosystem encompassing accelerators and investors.
In which ways can AI help startups reach new levels of efficiency and excellence and how is the world’s next big tech shift supporting the growth of companies in your industry? AI can be a game-changer for startups like Proxgy in the Industrial Internet of Things (IIoT) sector, revolutionizing efficiency and excellence. By analyzing real-time data from IoT devices, AI can optimize operations by identifying patterns, inefficiencies, and opportunities for improvement in areas like mining, construction, and warehousing. Moreover, AI enables predictive maintenance, crucial for industries like oil and gas, preventing costly accidents by analyzing sensor data and ensuring worker safety. Enhanced worker safety is achieved through AI-powered systems that monitor behavior, detect hazards, and offer real-time alerts for accident prevention and safety compliance.
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