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 and secured a grant from the BIRD Foundation in January 2021.
Business overview
Ception develops MineCept, an AI-based system designed to enhance safety, productivity, and profitability for heavy equipment in demanding environments such as construction sites, mines, quarries, and industrial plants. The core technology utilizes advanced, real-time, high-definition 3D mapping and precise positioning, relying on visual feed rather than GPS. By cross-referencing information from various sensors and employing image-processing algorithms and deep learning, MineCept provides comprehensive situational awareness to operators, site managers, and safety managers, thereby reducing operational costs and contributing to sustainability within the Industrial Technologies sector.
Strategic signal
In September 2022, Shapir Engineering invested in Ception and announced plans to integrate the startup's AI technology at its sites. This strategic investment and adoption by a major engineering firm signals strong market validation for Ception's AI-powered safety systems and indicates a clear path for commercial deployment and scalability within the construction and industrial sectors.
Log in to access full profile ›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 industrial environments.
- 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 September 2022?
- In September 2022, Shapir Engineering invested in Ception and announced its intention to integrate Ception's AI technology at its operational sites.