A patented data management, visualization, and AI analytics SaaS solution for industrial asset inspectionAsset inspections represent a significant cost for most industrial enterprises. Enterprises are actively seeking ways to modernize asset inspection and data management to provide actionable insights. What they’re finding falls short of expected results. Why? Inspecting, evaluating and auditing involves people, often in dangerous places. Drones, robotics, and advanced computer vision have largely replaced field inspectors. The outcome? Dramatically more content, especially video and images! Unstructured content and images are delivered to a centralized asset inspector – who rapidly became the bottleneck without efficient ways to process all of tha... [Read More]
Min Investment
$1,000Amount Raised
$583,398Goal
$300K-$3MDays Left
11Pflugerville, TX
CrowdLustro Research Report
Optelos
Industry:
Tech
Security Type:
Convertible Note
A convertible security is a security that can be converted into another security, typically equity in the next round of financing.
Debt and Equity Opportunity
Date Filed:
November 12, 2020
Date Expires:
January 29, 2021
Open to Investors
Valuation Cap:
$8M
Platform:
SeedInvest
Use of Proceeds
- Full Stack Engineers
- Marketing & SEO
- Business Development
- Embed Software
Management
David Tran
CTO
Founder, CTO & co-CEO
David Collmann
CEO of TesCom
Founder and Chairman
Deal Structure
Conversion Discount: 20.0%
Interest Rate: 5.0%
Note Term: 24 months
Additional Reports
There are no additional research reports currently.
Key Deal Facts
- U.S. patent granted to founders in 2019 for data management technology used to synchronize and analyze visual digital inspections
- Optelos is a Microsoft One Commercial Partner and engaged in collaborative projects with Accenture to develop enterprise solutions
- Current notable customers include Georgia-Pacific, Accenture, and Texo Group
- 2020 YTD revenue is over $750K (as of October 2020), representing a 897% increase in annual revenue since commercialization began in 2017
- Optelos was accepted into Capital Factory’s 2019 VIP Accelerator program and is backed by key investor AustinLee Ventures
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