Clockworks, a deep learning software startup based in Rotterdam, will receive an investment of €300,000 from the South Holland proof-of-concept fund, UNIIQ. The funding will be used to advance the technology of its software solution, which automatically reads all the water, gas and electricity meters with the camera of mobile phone. It employs the deep learning technology to read the brand, model number and meter mapped. Further, Clockworks intends to make a meter more customer-friendly, error-free and fraud-proof.
With a background of deep learning and other recognition techniques, Noelle Fischer and Victor Westerwoudt, the founders of Clockworks, have financed their own product development with consultancy projects. Noëlle, who is quite motivated by the investment from UNIIQ, iterated that this is going to accelerate not only the development of product but also solve common meter problems.