Polish B2B streaming system CosmoEye raises €430k
The Lublin-based B2B streaming system CosmoEye has raised €430k (2 million złoty) in a financing round from the Arkley Brinc VC fund. The startup develops a live streaming system for warehouse management and enterprise resource planning, MamStartup reports.
- Founded in 2022, CosmoEye uses integrated video cameras and an artificial intelligence tool to analyze human and object images in real time. It enables managers to optimize supply chain fulfillment and logistics. It also allows for reducing customer complaints, as well as receiving informed feedback for objective process documentation.
- The system helps businesses that require visibility of an entire warehouse, shop floor, or inventory, such as manufacturing companies, wholesalers, and eCommerce distribution centers. CosmoEye already has some pilot customers using the system and is gathering feedback on its performance.
“The ERP and AI streaming systems currently in the market are only designed for big corporations; they don’t fit the needs or budgets of SMEs (small-medium enterprises). But SMEs make up a huge and growing segment of the market that’s currently underserved. CosmoEye is exactly what they’ve been waiting for and what they need to optimize their business operations,”Arkley Brinc’s General Managing Partner, Piotr Wasowski comments on the round.
- The Warsaw-based Arkley Brinc VC led the investment round. It is a fund co-created with the PFR Starter FIZ program from PFR Ventures, together with LPs Group One and co-founder of Brinc. It provides venture capitals for hardware and IoT startups from the CEE region.
- Using the funding, CosmoEye will offer two versions of their system — an Enterprise Solution and SBS (Small Business Solution). The product will officially be launched in the coming months.