Ception

Company Overview

Snapshot

Founded in July 2018 by Tal Israel, Amiad Solomon, and Yossi Buda, Ception operates with 1–10 employees. The company has raised $7M across three funding rounds from three investors. In September 2022, Ception secured an investment from Access Construction Innovation Hub.

Business overview

Ception develops MineCept, an AI-based system designed to enhance safety, productivity, and profitability for heavy equipment operations in construction sites, mines, quarries, and industrial plants. Its core technology utilizes advanced, real-time, high-definition 3D mapping and precise positioning, relying on visual feeds rather than GPS. The system cross-references information from various sensors, image-processing algorithms, and deep learning methods to provide comprehensive situational awareness. MineCept is installed on heavy vehicles, delivering real-time insights to operators, site managers, and safety managers to improve operational efficiency and contribute to sustainability within the Industrial Technologies sector.

Strategic signal

In September 2022, Ception received an investment from Shapir Engineering, which also committed to integrating Ception's AI technology at its sites. This signals strong market validation for Ception's MineCept system, demonstrating its practical application and potential for broader adoption in the construction and heavy machinery industries. For investors, this indicates a strategic partnership that could accelerate product development and market penetration.

Company Intelligence Q&A

What is Ception's primary product?

Ception's primary product is MineCept, an AI-based system designed to improve safety, productivity, and profitability for heavy equipment in demanding work environments such as construction sites and mines.

When was Ception founded and by whom?

Ception was founded in July 2018 by Tal Israel, Amiad Solomon, and Yossi Buda.

What significant investment did Ception receive in 2022?

In September 2022, Ception received an investment from Access Construction Innovation Hub. Additionally, Shapir Engineering invested in Ception and committed to integrating the startup's AI at its sites.

What grant did Ception secure in 2021?

In January 2021, Ception secured a grant from the BIRD foundation for homeland security technologies.