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GET A PIECE OF LOLAARK VISION INC.
Making the invisible visible
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$342,813.67 Raised
REASONS TO INVEST
TEAM
Emanuel Papadakis, Ph.D • President, Treasurer, and Director
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Sanat Kumar Upadhyay, Ph.D. • Vice President, CTO, and Director
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Randy Gagnon • Secretary and Director
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Overview
Revolutionizing the way machines see the world
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*Image of Lolaark Vision's software, which is in the prototype phase. Lolaark Vision's software is not currently available on the market.
Video streams for drones or dash cams and camera-based AI applications, such as “auto-pilots” or assisted driving devices often lose visual clarity due to visibility problems caused by fog, rain, snow, or by lack of light as in nighttime.
Lolaark Vision Inc. is a software technology company that is inventing and developing software for live video stream visibility restoration that helps the operator or an automated system of a vehicle to view and recognize potential risks. This groundbreaking technology has the potential not only to revolutionize industries, but also save lives from potential accidents by minimizing human operating error. Our software isn’t a luxury; it’s the next step in the evolution of live video stream restoration. Lolaark Vision’s technology will provide visual clarity for AI based camera operating systems as they become more ubiquitous in everyday life.
Co-founders Dr. Sanat Kumar Upadhyay and Prof. Emanuel I. Papadakis invented several sophisticated mathematical models and algorithms that enabled visibility restoration and enhancement in a broad number of adverse conditions for all types of digital cameras. Our technology improves the visibility of scene structures in live video feed, still photography and in recorded videos, in a way that makes shapes easily recognizable even when they are not even visible in the original input.
THE PROBLEM
Most imaging operations can’t handle poor conditions
Real-time operations such as self-driving cars, security and surveillance, underwater inspections, and medical imaging. require clear visibility for optimal performance. Shade, low light, glare, strong headlights, fog, heavy rain and murky water often reduces camera visibility, thus performance quality. As our lives are becoming increasingly machine dependent, human vision is gradually being replaced or complemented by camera vision. The synergy of other sensor error probabilities must be practically zero.
For instance, an autopilot for self-driving cars must detect objects ahead even under poor lighting conditions in order to avoid potentially dangerous obstacles. Marine safety inspections that are carried out by Remotely Operated Vehicles usually occur in inland water bodies or in river ports where visibility is always a difficult obstacle to overcome.
Security and Surveillance systems (such as face and object recognition systems) and drones can suffer poor visibility due to low illumination, haze, fog, precipitation, or or smoke. Camera sensors are unable to capture images with sufficient clarity in such conditions, which makes object recognition and scene perception very difficult and often inaccurate for both humans and machines. Biomedical images can also suffer different forms of illumination challenges. Also, microscopic images of live specimens may suffer poor visibility due to weakening of laser light intensity. Often we cannot use strong lasers as it may damage the specimens.
All of these industries rely on accurate and clear camera views to provide the necessary visibility for their respective users. The common problem in all of these cases is to find fast and efficient algorithms that improve visibility in real-time for videos and images.
THE SOLUTION
Our algorithms will make your cameras see clearly in real time
The technology we developed has unique advantages. It is highly parallelizable, hence we can implement it in real time by taking advantage of programmable Graphics processing units, such as NVIDIA graphics cards, fitted even in laptops. It also achieves high restoration clarity for a great variety of visibility conditions, even for bad ones, such as the murky waters of coastal ports. This unique level of performance provides us with a strong foothold in multiple markets.
For self-driving cars, Lolaark Vision has the technology to assist those AI-based autopilot systems by improving the visual quality of the camera inputs. Our technology can help an autopilot or human detect objects ahead even under poor lighting conditions to avoid dangerous obstacles in a timely manner. For security and surveillance usage, Lolaark Vision can greatly enhance their capabilities under poor visibility conditions, both in real-time applications and in post-processing applications.
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In the biomedical imaging industry, our technology can greatly enhance visibility for both scans and medical cameras used for exploratory purposes by restoring the image quality during and after the scan. For marine operations, our prototype is currently configured for underwater cameras and can clean up a live video stream. Commercial divers and underwater drone operators can also use our technology with more confidence about what they see and in a fraction of time. Our technology allows them to inspect submerged structures such as ship hulls, dams, bridges in their operations when water turbidity poses big visibility problems. By harnessing the power of sophisticated mathematical algorithms and graphics card units, we tripled and quadrupled the visibility radius of underwater cameras in highly murky waters.
Our target market is other businesses who manufacture large systems used for operations such as security, surveillance, navigation, incorporating object detection and recognition. They integrate our technology as a preprocessing plugin to increase the accuracy of their systems when visibility conditions are poor. Within this framework, our main revenue stream will come from royalties collected from these other companies operating in the aforementioned markets.
OUR TRACTION
Early results yield immediate success
We have developed both mathematical models and computational algorithms for our technology as well as working prototypes for both real time and offline visibility enhancement. So far, we have developed two prototypes, one for live video and another that works on saved video and photos. Both prototypes run on any gaming Windows PC with intel i7 processors and NVIDIA GTX 1060 card (or equivalent.)
*Images are computer generated demo versions. Product is still currently under development
The live video prototype works in a real-time and can process 720p video at 25 frames per second in real-time.
*Images are computer generated demo versions. Product is still currently under development
The “Offline prototype” can process videos up to 4k resolution and 60 frames per second. It is designed to quickly evolve as a very useful companion for underwater surveyors, marine archaeologists and biologists, oceanographers, forensic investigators, search and recovery teams, pipeline inspectors, and civil engineers for bridge and dam inspections. This utility works on video footage, single or multiple photos with only a few clicks to select the best fitting settings with the help of a preview window.
Lolaark Vision Inc. prototype software increases the visibility of a scene captured in live video mode, thus increasing navigational and operational safety, as well as overall performance efficiency. Integrating our technology as a real-time preprocessing step in a camera operating system will significantly improve the accuracy of your system.
Our goal is to advance these prototypes into software components suitable for implementing our algorithmic designs for higher resolutions up to 8K and high frame rates. Doing so, our aim is to make the technology flexible enough to function as a pre-processing software component for HD-camera clarity restoration for a number of dynamically growing industrial applications.
THE MARKET
A staggering potential for applications
The autonomous (driverless) car market is projected to generate $556.67 billion by 2026; In 2027, the video surveillance market is projected to be worth $144.85 billion. (Source)
The true beauty of our technology is its applicability across multi billion-dollar markets. Major industries such as transportation (e.g maritime assets and bridge inspections, self-driving cars, helicopters, and car auto-pilots), security, defense, and surveillance (UAVs, hyperspectral, infra-red, and HD-security cameras), manufacturing, healthcare (robotic surgeries), and even entertainment are adopting artificial intelligence based camera operations. This trend provides Lolaark Vision an incredible opportunity to establish itself across multiple industries. (Source)
WHY INVEST
We’d like to be the eyes of the future
AI based camera operations and remotely controlled missions are already becoming the norm across many industries, and they’re trending to become even more commonplace. Our unique and highly effective technology can greatly enhance the vision of cameras across several different industries, translating into healthy capital returns for investors. Invest in a trend-setter new company, Lolaark Vision Inc and share our vision, to make visible what is currently invisible.
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ABOUT
HEADQUARTERS
1037 CHESHIRE LN
HOUSTON, TX 77018
WEBSITE
View Site
TERMS
Lolaark Vision Inc.
Overview
PRICE PER SHARE
$2.50
DEADLINE
Sep. 16, 2022 at 6:59 AM UTC
VALUATION
$19.11M
FUNDING GOAL
$10K - $1.07M
Breakdown
MIN INVESTMENT
$275
MAX INVESTMENT
$107,000
MIN NUMBER OF SHARES OFFERED
4,000
MAX NUMBER OF SHARES OFFERED
428,000
OFFERING TYPE
Equity
SHARES OFFERED
Common Stock
Maximum Number of Shares Offered subject to adjustment for bonus shares
*Maximum number of shares offered subject to adjustment for bonus shares. See bonus info below.
Voting Rights of Securities Sold in this Offering
Each Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Subscriber’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Subscriber, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.
Investment Incentives and Bonuses*
Time-Based
Ultra Early Bird
Invest within the first 48 hours and receive an additional 18% bonus shares.
Super Early Bird
Invest within the next 4 days and receive an additional 15% bonus shares.
Very Early Bird
Invest within the next 7 days and receive an additional 10% bonus shares.
Early Bird
Invest within the next 10 days and receive an additional 5% bonus shares.
Amount-Based
Tier 1: $5000+
Receive 5% bonus shares
Tier 2: $10,000+
Receive 10% bonus shares
Tier 3: $20,000+
Receive 15% bonus shares
Tier 4: $106,000+
Receive 15% bonus shares plus a one-to-one virtual meeting with the CEO every six months.
*All perks occur when offering is complete.
The 10% StartEngine Owners' Bonus
Lolaark Vision, Inc. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $2.50 / share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $275. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% Bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are cancelled or fail.
Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.
Irregular Use of Proceeds
ALL UPDATES
02.26.24
2024 Outlook
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Happy New Year to all of our investors and followers. I want to share with you some of our thoughts and news. Underwater Intervention 2023 which ended on Dec. 2nd proved to be a great promotion for us. Although, we are a still a new kid in the block, we attracted a lot of attention because we have integrated the Clarifier with reasonably priced underwater robots used primarily for inspections by solo operators and small inspection companies. This type of robots represents a rapidly growing market. The capital we raised here will be mainly invested in boosting sales to 25K in monthly sales by November 2024 and breaking even before November 2024. These are some of our plans. To approach the market effectively and promote our product we will use paid promotions and also advertise rentals with the full equipment provided. Our next goal is to modify the Clarifier for 4K resolutions, and downsize the hardware to be able to run it onboard a medium-sized drone. We have already started working on upscaling the Clarifier from 1080p the 4K resolution.
11.24.23
Lolaark Vision in the Underwater Intervention Exhibit
Come see the Lolaark Vision Clarifier's live demo in Underwater Intervention, November 29th-December 1st, New Orleans Convention Center. The Clarifier is a video processing software to increase x3-x4 visual clarity in real-time for up to 1080p video streams. The Clarifier is designed for murky waters. Compatible with select ethernet and all coaxial cable-connected cameras. Performance verified by ABS for murky waters. The Clarifier works topside so no new underwater equipment is needed. Booth UI-3854
This is the first time we demo the Clarifier with a Poseidon Robotics ROV. We showcase the connectivity and the new integrated control console of the Poseidon Robotics Lanai ROVs equipped with the Clarifier. The first order is due for shipping to Nigeria for an oil rig servicer.
11.14.23
Driving to escape from a fire
A wildfire can be deadly if one loses their bearings. Having some visual references to drive around is vital. Thermal cameras offer a solution but it is mostly designed for those who have some expertise to use them and during an actual emergency the at-risk public may have one. Lolaark Vision has a solution that in the future and with some investment can possibly be turned into an app for cell phones. We clarify and enhance a video from the internet from 2018 shot by MegaraTV, a regional news TV station. The wildfire was in Kineta near Athens, Greece.
Watch the video on LinkedIn and connect with us.
10.11.23
Flying through fog
"Flying" through heavy fog.
The Lolaark Vision Inc technology clarifies video streams corrupted by poor visibility conditions. We are now experimenting on how to adopt the technology for aerial drones. We also want to process 4K live video stream to enhance it and increase the visibility of various objects when the drone flies in hazy conditions. Here we simulate a "flight" during heavy fog in Houston. The location is the Memorial Hermann Hospital at 610 North Loop. The video is 1080p and processed with the Clarifier.
Watch our videos on LinkedIn and connect with Lolaark Vision
If you like to watch more try this one.
09.21.23
The Clarifier goes Blue
Our first product for underwater robots is now available for one of the biggest families of robots, the Blue ROVs of Blue Robotics. Blue Robotics introduced the inexpensive ROV business model that stormed the market. We currently secured one distributor for this product and we are working with other ROV and ROV camera manufacturers to make the Clarifier available as an add-on product for their cameras. We will be happy to tell you more about the marketing of the Clarifier in our Saturday Virtual Coffee and Cookies.
To join us for the Saturday coffee and cookies click the link “Join on the Web”. When: Saturday, Sept. 23rd, starting at 1130AM Central US time, 930AM Pacific time. Use Meeting ID: 261 337 090 045 Passcode: seifu7. Input these after you hit the link below.
Join the meeting (Meeting ID: 261 337 090 045 Passcode: seifu7). The meeting is via Microsoft Teams. Join the meeting from your browser
If you wish to talk to us please schedule a one-to-one meeting with the CEO. We love to hear from our investors
09.06.23
Morning Online Coffee and Cookies with the Lolaark Vision
Join on your computer, mobile app, or your web browser (this is the option join on the web)
Meeting ID: 289 949 994 265
Passcode: bfjSVn
If you are unfamiliar with Microsoft Teams please take the following steps please use the option "Join on the web" by hitting the link below.
Then, enter the meeting ID Meeting ID: 289 949 994 265 and then the Passcode: bfjSVn
Alternatively, you may use the link: Click here to join the meeting
Then hit the button "Join the meeting" and you will be in. You can choose to switch on your camera/microphone. You can also use the chat with us.
AVOID DOWNLOADING AND INSTALLING THE MICROSOFT TEAMS.
08.20.23
LV-Clarifier's first line of sales
The Clarifier ROV by Lolaark Vision cleans up the view of your ROV's live video stream in murky water. We just installed the first copy in a mini HP desktop, the G9 Elite mini with an NVDIA RTX 3050 GPU. The installation is for one Lanai by Poseidon Robotics LLC. The Clarifier ROV works with up to 1080p video and up to 30 frames per second depending on the GPU strength and PC RAM. We can customize it for all IP cameras with UDP and other protocol connections. We customize two cameras at this point but more will come: The Mission Robotics camera the Lanais carry and the classical Blue Robotcs camera. The Clarifier ROV shows one display only, the clarified and enhanced video. The product has been certified by ABS for low-visibility environments. The picture below is from OTC 2023. A Lanai was splashing the water in the display tank. We filmed it outside the tank with the Blue Robotics camera. Here you see the two panels of the conventional Clarifier, original left, right enhanced
06.21.23
Pre-revenue period is ending in July
Our first product the Clarifier for HD-SDI cameras is now ready for IP cameras. The first company to feature the Clarifier as an optional add-on is Poseidon Robotics. The first delivery is scheduled for July. The ROVs of Poseidon Robotics will carry the Clarifier as an add-on. 
If you wish to receive our newsletter please SUBSCRIBE
05.23.23
Lolaark Vision Announces the Commercial Release of its First Product
Clarifier 1.0 is now in the market. We run live Clarifier demos during the Offshore Technology Conference 2023 in Houston Texas with a very good reception. Several exhibition visitors expressed their interest in acquiring the Clarifier. One of the strong marketing points is the recognition of the efficacy of the Clarifier in low-visibility aquatic environments. We currently market the Clarifier for HD-SDI cameras but very soon we will have the Clarifier ready for UDP-connected cameras used in smaller underwater robots.
04.05.23
Major Recognition from the American Bureau of Shipping
Dear Investors and followers
On March 27th we reached a major milestone. We received a New Technology Qualification certificate for our Real-time Video Clarifier in the class of Remote Inspections Tech for marine applications. This is a great recognition for our company and for its premier software product.
Since August 2022, the Company started working on a third-party evaluation of the efficacy of our Real-time Video Clarifier. We approached the premier organization responsible for seaworthiness and marine safety certifications of commercial vessels, servicers, shipyards, and offshore marine structures serving the Oil & Gas industry, the American Bureau of Shipping (ABS). Under the supervision and guidance of this organization, we completed a certification process for our 1080p real-time video clarifier as a software tool to clarify and enhance live video streaming in high-turbidity aqueous environments. ABS issued on March 27th, 2023, an official technology maturity statement considering the Lolaark Vision Real-time Video Clarifier as a Qualified Technology now ready to be integrated with remote inspection platforms such as ROVs. This is the highest level of qualification a software can achieve. The statement simply declares that the software has been reviewed and it works for the intended use. This statement certificate is the first ever to be issued for software like ours and most importantly, the statement verifies the clarifier’s suitability for low-visibility aqueous environments.
We will also publish a couple of videos from the demo underwater inspection witnessed by ABS representatives on December 6th 2022, in the Port of Galveston Texas at the Ryan Marine Facility. Texas Commercial Diving Inc provided the diving services.
This is the last update we will post on our campaign page on StartEngine. Our current investors receive a newsletter from us periodically. We will update you as the company continues its operations.
Those of you who would like to continue receiving our news and updates please send us an email at investors@lolaarkvision.com We have the email addresses of all of our current shareholders and we communicate with you via Constant Contact. Current investors should notify us of any changes to their email addresses by sending us an email to the above address. If you wish to keep following us but you are not an investor, please email us to investors@lolaarkvision.com
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Tier 1: $5000+
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$10,000
Tier 2: $10,000+
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$20,000
Tier 3: $20,000+
Receive 15% bonus shares
$106,000
Tier 4: $106,000+
Receive 15% bonus shares plus a one-to-one virtual meeting with the CEO every six months.
JOIN THE DISCUSSION
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PINNED BY STARTUP
Neil Fraser
4 years ago
Emanuel P. your response to my post yesterday, and reviewing all the information on the StartEngine site for the raise, helps put me at ease. I am comfortable making an investment for a number of reasons. 1) I sense from you, that is contagious in me, a confidence level with the mathematics and its application to the primary goal of enhanced realtime video under all conditions and a plugin that will work with all video imaging products. 2) U of H didn't release the commercialization of the product(s) to you because they didn't believe in the work. But because they wanted to focus their projects to Pharmacy related work. While the principles at Lolaark Vision are committed to the enhanced video software. 3) The company is being run VERY frugally, and will make the most of whatever amount of money comes through this raise. The principles have their interests aligned with those of use investing through this CF raise, by having a substantial amount of the same shares in the company. 4) The work going on has a dual focus. First, optimize for underwater marine applications with very near term vetting partners to use "our" software to greatly improve their products. Second, minimize any changes needed for other types of use in the product development map and beyond. 5) I like that this is a software company whose customers are businesses that will do the manufacturing, marketing, and distribution. Or possibly government agencies will want to contract products through other companies who will use our software. 6) Along with the primary use case of a plug in for real time video, there is the application of enhancing existing video or photos. One commenter even mentioned the idea of creating a product for people with poor eyesight.
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Emanuel Papadakis
Lolaark Vision Inc.
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2 years ago
I am returning to Suga's question right below. What differentiates from the competition is that we are the only company that for underwater video clarification and enhancement we have a certification issued by the American Bureau of Shipping that our product the Clarifier works even in low-visibility environments. Please see our recent updates to find out more about this certification.
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Ignas Galvelis
3 years ago
Could you use this unfortunate attack on pipelines in Europe as an PR opportunity on how your technology could help with gathering evidence and protecting the pipelines?
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Jonathan Andrade Urquiza
3 years ago
Greetings! Congratulations gor this great project. Have you identified direct competitors to your solutions? What's your impressionon physics based algorithms for underwater vision like the Sea-thru project (https://www.deryaakkaynak.com/sea-thru)?
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Richard Koch
3 years ago
Could the software be applied to legacy video to possibly read a currently illegible license plate or similar law enforcement applications?
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Gregory Sainnoval
3 years ago
what is the meeting passcode? Can't get in
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Courtney Andrews
3 years ago
I am not sure if I had reconfirmed my investment, Please provide a link for those who have not confirmed their investment as yet. Thank you
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Loren Dunkley
3 years ago
Where is an opportunity to reconfirm?
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DEVIN BUCHHOLZ
3 years ago
When scrolling through the comments I accidentally (somehow) flagged comments, even though I don't see how I did that. I didn't mean to! Anyways, this tech looks fantastic, the owners and developers seem to have a passion. That is why I invested. I would urge Lolaark to look into DOD drone (rpa) stuff. The video footage looking through the fog and other weather is quite remarkable, and they will eat that up. I believe aerospace will be a great target, from civilian to military, Boeing Lockheed Martin, DOD, this has huge potential. Even in EV to help with autonomous driving as even with Lidar elements can ruin the quality and info that can be processed. Super pumped for this companies future.
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PINNED BY STARTUP
Tetsuya Suga
3 years ago
Congratulations on your progress so far. May I ask what makes Lolaark differentiated against other image enhance software such as ZMicro, EyeQ, and LYYN?
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