OVER.vision
en
en
en
en
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Date of Foundation
2023

OVER.vision

Revolutionizing Fast-Food through Computer Vision

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The Idea origin story

At OVER.vision, we're transforming the fast-food industry with state-of-the-art computer vision solutions. By harnessing the power of advanced AI technology, we provide invaluable insights that streamline operations and boost productivity. Our unique platform analyses real-time data to optimize inventory management, improving service speed and reducing food waste simultaneously. Revolutionize your restaurant operation with OVER.vision – where innovation meets convenience in the fast-paced world of quick-service dining.

The Mission

"Empowering the fast-food industry with computer vision solutions for accelerated growth and improved efficiencies."

Clients

Our potential customers are fast-food chians with more than 20-50+ locations(brancehs) who want to get more analytic to improve thier dayil operations.

Problems we solve

Client’s problem

Your startup can potentially solve problems related to efficiency, speed, and accuracy in fast-food operations. It can automate order processing, manage inventory in real-time, reduce human error, optimize staff performance, and enhance overall service quality.

Confirmation of problem

fast-food chains often struggle with food quality inconsistency, slow service, order inaccuracies, staff turnover and hygiene control issues.

Solution

over.vision adds brains to your CCTV cameras, enabling them to intelligently analyse kitchen operations for improved quality, efficiency, speed, and customer satisfaction

Our technologies

This solution is based on technologies

Artificial Intelligence, Machine Learning, IoT Sensors, Cloud Computing and Data Analysis.

How it works

We provide a cloud-based AI solution that recognizes and reports 50+ patterns in your video stream to enhance restaurant operations.

Value for the client

"Error-free staff, data-driven managers, delighted guests, insightful company analytics, performance-based KPIs and total control of back-house."

Market and strategy

Market size

7000

mln/year

We estimate the market size for which our solution is designed in monetary terms as follows

Market share goal

1

% of the market

Is our goal in the next 3 years

Team

My name’s

Ara Khachikyan

My key role in the product

Sales, seeking first clients, fund raising, I’m the founder of idea, and I’m decision maker about company strategy

Team size and key members

Consider adding a seasoned business development expert, experienced startup legal counsel for compliance and contracts, and a skilled marketing strategist.

Competitors

Competitors

8-year food industry entrepreneur with and an IT background; manages a 6-location fast-casual chain, Shtefan Burger, with 150+ staff and $3.5M turnover

Our Advantages

Our product's key strength lies in its niche focus on analyzing employee behavior to boost performance and meet distinct challenges. Unlike competitors, our solutions are tailored for complex POS systems stemming from my rich restaurant industry experience.

Business model

During the pilot phase, we cover basic costs. After launch, our fee will depend on cameras and outlets — averaging $200-$400/month per restaurant.

Traction

Since relocating to London, we've developed a website and trialed our pioneering MVP across six restaurants. Moving forward, we're targeting major QSR chains for free pilots - one potential collaborator being DoDo Pizza, hoping to implement our tech in their 900+ locations.

Have 1-5 client and enough money to bootstrap

Metrics

Product metrics play a critical role in measuring the success of your startup. Certain technical indicators like recognition accuracy, precision vs recall ratio and the system's capacity to identify actions are vital for computer vision-based platforms. Business-wise, monitoring elements such as Net Promoter Score (NPS) can reveal customer loyalty while tracking conversions from free trials to subscription plans sheds light on user engagement and adoption rates. Further assessing Average Revenue Per User can better inform revenue strategies by showing how much income each user generates typically.

At present, we're in a test phase with one active user - my own restaurant chain. With dedication and investment from personal savings of $150K-$200K, I plan to propel product development and marketing efforts. Considering investor participation for future growth.

Incorporation

Our company incorporated in

London

Key risks

Reliance on CCTV quality, acceptability of video surveillance by customers and staff, possible difficulties in data interpretation by non-tech savvy users. Technical issues related to the implementation and maintenance of AI software may also arise.

Investments

$

50000

We raised investments

Our Investors

My own savings

Rising Investments

$

≈ 1000000

Currently, we are raising investments

$

100000

Estimated pre-investment valuation of the company

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We’re looking for a co-founders

Open positions

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Additional information

OVER.vision
MVP
Date of Foundation
2023