We're investing in Barry again
“One point three five road deaths to zero drives everything we do at Provizio. We have put together an incredible team that is growing daily. AI is the future of automotive accident prevention and Provizio 5D radars with AI on-the-edge are the first step towards that goal.” Barry Lunn
We’re backing Barry…again.
We have known Barry for a long time. We backed him in Arralis from seed to a successful acquisition. It was a great experience and we knew he would want to go again…but this time, after an even bigger opportunity.
Barry has now assembled a world-class team in Steve Christie, Eamonn Boland, Luke Curley, Denver Humphrey, Peter Ludlow, and Patrick O’Sullivan Greene that have deep AI, computer vision, and radar expertise and are developing a unique platform to solve the enormous challenge around accident prevention.
Currently, there are 1,350,000 road deaths every year, 50m injuries at an annual cost of over $2 trillion. In the US alone car accidents cost 2% of GDP. 94% of those accidents are caused by human error, errors current accident prevention systems cannot stop. Today’s emergency braking systems can only measure approximately 40m ahead or 1 second reaction time at highway speeds. To perceive, predict and prevent accidents you need to 10x the capability of these systems and Provizio’s Accident Prevention Technology Platform combines proprietary vision sensors and machine learning to do just that. The radar backboned, AI on-the-edge sensor suite with ultra-long-range and foresight capabilities can prevent collisions at high speed and in all weather conditions.
Car safety focus has until now largely been on a reactive basis or with prescriptive safety measures, these merely minimise damage to passengers, they do not stop the crash from occurring. To prevent accidents advanced driver-assistance systems (ADAS) need to have greatly increased range and object discrimination capability to see danger long before they currently do.
We are delighted to back Barry again and support the Provizio mission.