Silicon Canals
TRENDING
  • Mobility
  • AI
  • FinTech
  • Software & SaaS
No Result
View All Result
  • Home
  • News
    • COVID-19
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Features
    • Promoted content
    • How-to
    • Knowledge & Insights
    • Guest Contributions
    • Scaling-up in Europe
  • Amsterdampartner
  • Events
  • Newsletter
  • Jobs
  • About
    • Partner with Silicon Canals
    • Team
    • Contact
  • Home
  • News
    • COVID-19
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Features
    • Promoted content
    • How-to
    • Knowledge & Insights
    • Guest Contributions
    • Scaling-up in Europe
  • Amsterdampartner
  • Events
  • Newsletter
  • Jobs
  • About
    • Partner with Silicon Canals
    • Team
    • Contact
No Result
View All Result
Silicon Canals
No Result
View All Result

Stratio is a Portuguese tech startup that can find out when your vehicle breaks down, even before you do!

Editorial team by Editorial team
May 29, 2019
in Startups, (Crowd)funding, News, Software & SaaS, Travel & Mobility, Venture Capital
0
Stratio is a Portuguese tech startup that can find out when your vehicle breaks down, even before you do!
23
SHARES
LinkedInTwitterWhatsAppFacebook

Artificial Intelligence or AI is used for accomplishing so many tasks that it might be near impossible for someone to list all of them. From our phones, to smart homes and to almost every piece of technology there is, AI is being used in one form or another. Automative sector no stranger to the use of AI and the startup Stratio is making some big waves in the segment. The company has attracted limelight with what might be the biggest seed deals in Portugal. Here are three things you should know about the company.

What is Stratio

Stratio is a big-data startup based out of Portugal that uses data collected from vehicles for predicting faults even before they occur. Yes, that’s right. The company found a way to analyse data to forecast when a component in a running vehicle might break down. Some of you might be picturing an image in mind of your car automatically notifying you about any component that’s about to give out. However, there is still some time before the technology will be made available for the masses since Stratio is currently working with fleets, distributors and OEMs.

 - Partner content -
Cost of software - The Software house
The cost of building software
Marek Gajda, CTO of The Software House, shares his insights on building high-quality...Show More
Marek Gajda, CTO of The Software House, shares his insights on building high-quality software. Show Less
Read more

Stratio came into existence in 2017. It is recognised for its work by the EU Commission and received technological support from the European Space Agency. The company has its own AI engine called Stratio Cortex, and offers it with the aim to apply machine learning models to realise a “zero downtime” future.

Funding details

It was natural that Stratio would be noticed. The startup has now raised €3.13 million in VC round from London-based Crane VC and LocalGlobe, a fellow London VC also participated for the funding. The round is said to be one of the largest ever seed deals in Portugal and perhaps the biggest deep tech investment in the country.

How Stratio’s tech works

Stratio explains its technology in three simple steps, which consists of acquisition of ‘high-density’ vehicle data, predictive analysis of this data by AI and generation of insights and alerts in real-time. For vehicle manufacturers, the company’s service is said to enable value addition to their products, prevention of recurring faults, reducing warranty costs, and proactive sales of maintenance and repair services. Vehicle operators can benefit from the tech as well as it enables early fault detection, which, with prioritisation of repairs and breakdowns, results in reduced downtime.

Everything begins with the collection of data, which Stratio does with its Databox that is installed in a vehicle. It collects and streams data points in real time from batteries, engine, braking system, doors, transmission, suspension, HVAC, gearbox, and other available systems. One thing to note here is that the company’s platform is compatible with pre-existing data collection systems, which means manufacturers and operators who already have a data box in place and start using Stratio’s system immediately.

The data sent by the databox is analysed continuously by Stratio’s self-developed and patented machine learning algorithms and as per the fault detection rules created by automotive engineers. Insights are mined from this data, along with faults and anomalies to asses a vehicle’s performance and condition in real-time. The company offers a web-interface where notifications, alerts, insights and faults are displayed, which means no client-side software installation is required. Additionally, users can be notified of anything the system detects via email and/or SMS.

Stay tuned to Silicon Canals for more updates in the tech startup world.

Want to get your hands dirty with Kubernetes? Then, you can’t miss this event!

close

Want to stay on top of the latest rounds, coolest tech and hottest startups?

Subscribe to our free, daily news blast and stay up-to-date!

Check your inbox or spam folder to confirm your subscription.

 - Partner content -
Hiring during COVID Intrinsic Search
Hiring SaaS sales executives
Check out the do's and don'ts while hiring SaaS sales executives
Check out the do's and don'ts while hiring SaaS sales executives Show Less
Read more
Tags: big dataMobility
Share2Tweet6SendShare9

Partner content | Work with us

Future of coding: CTOs discuss low-code versus custom code software development for their business

Why now is the perfect time to start hiring for 2021

SaaS sales in 2021: 9 predictions from an industry expert

Diversity in hiring for SaaS: the often overlooked topic of ageism

Boost your scale-up’s growth by outsourcing to these top Eastern European software development companies

Subscribe to our daily newsletter

Check your inbox or spam folder to confirm your subscription.

Breaking news from Amsterdam | Partner

Meet the 10 Dutch scaleups selected by Amsterdam-based Techleap.nl for Rise Programme 2021

Amsterdam-based 3D Hubs acquired by Protolabs for €272.1M; here’s what you need to know

Amsterdam-based INKEF Capital leads €5M Series A funding round of this Dutch startup

4 experts predict what 2021 might hold for the startup ecosystem of Amsterdam

Advertisement

Trending

3D Hubs
Amsterdam

Amsterdam-based 3D Hubs acquired by Protolabs for €272.1M; here’s what you need to know

January 19, 2021
Amsterdam
Amsterdam

9 promising sustainable startups from Amsterdam to watch in 2021

January 20, 2021
London
(Crowd)funding

London tech firms raise €8.6B VC investment in 2020: Report

January 15, 2021
  • About Silicon Canals
  • Partner with Silicon Canals
  • Contact us
  • Newsletter
  • Disclaimer
  • Privacy policy
  • Terms & Conditions Silicon Canals

Silicon Canals 2014-2020 | Website: Bright Idiots

No Result
View All Result
  • Home
  • News
    • COVID-19
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Features
    • Promoted content
    • How-to
    • Knowledge & Insights
    • Guest Contributions
    • Scaling-up in Europe
  • Amsterdam
  • Events
  • Newsletter
  • Jobs
  • About
    • Partner with Silicon Canals
    • Team
    • Contact

Silicon Canals 2014-2020 | Website: Bright Idiots

X

This website uses cookies to ensure the best possible experience. We may share this information with our advertising and analytics partners. By clicking 'Accept', you agree to our use of cookies and similar technologies. More info