Deepomatic takes the first prize as one of the EIT Digital Challenge 2020 winners. The French scaleup’s visual recognition technology won them the grand prize. Other winners are Icomatrix, SwipeGuide, Targomo and Wishibam. All five winners will join the EIT Digital Accelerator.
First prize winner: Deepomatic
Deepomatic is a Paris-based offers a no-code visual automation platform to support field operations with computer vision applications. It applies its technology on industrial projects and empowers businesses with customised AI-driven computer vision applications. Last year they raised €5.5 million in a Series A round. “Our company is only five years old”, says Augustin Marty, CEO and co-founder of first prize winner Deepomatic. “Being named by EIT Digital as the best deep tech startup in Europe is really meaningful at this moment – the beginning of our scaleup stage.”
Other winners include Dutch SwipeGuide
While Deepomatic was awarded the first prize, there were other winners. SwipeGuide represented The Netherlands. The startup has developed intelligent work instructions and procedures via augmented apps. These improve productivity on the factory floor and help to get rid of papers and PDFs. Icometrix, from Belgium, also ended up as one of the EIT Digital Challenge 2020 winners. The scaleup helps to effectively quantify brain abnormalities through AI-powered imaging solution.
Read also: these are the 20 finalists competing in the EIT Digital Challenge 2020
Targomo’s location intelligence solution to optimise retail networks, deliver better public services, and improve real estate searches was also among the winners. Targomo is based in Germany and led by ex-Google Manager Patrick Schoenemann. The final winner is Wishibam. This French scaleup enables the creation of scalable marketplaces based on real-time store inventory.
‘These are the top 5 per cent’
The five awarded companies will join the EIT Digital Accelerator, one of the most prestigious deeptech accelerators in the world. For Deepomatic, as the first prize winner, there’s also €100,000 in cash available. For Chahab Nastar, Chief Innovation Officer at EIT Digital, the challenge did not produce just one winner: “The 20 finalists were selected among 403 submissions, that is, they are the top 5 per cent.
“They are growing fast and have great potential to become European success stories”, says Nastar. “We now welcome them into the EIT Digital Accelerator and will give them dedicated pan European support for customer acquisition and fundraising. We want them to become dominant companies in their respective markets.”
Most mature, most diverse EIT Digital Challenge yet
This year marked the seventh time the EIT Digital Challenge took place, and it turned out to be the most mature and most diverse yet. With average revenues of €1.4M, average funding of €7.6M, and average staff of more than 40, EIT Digital says the 2020 laureates are the most mature prize winners in the history of the Challenge. Besides that, female founders were more present than ever. More than half of the 20 finalists and 3 out of 5 winners feature women as founders or C-level execs.
