The Florida Israel Business Accelerator held their third Demo Day, where 11 companies presented their businesses in a five-minute pitch to potential investors on Tuesday. All the businesses are Israeli-based and part of the FIBA cohort.
Wasteless
What they do: "Dynamic pricing engine for fresh food," according to CEO Oded Omer. Pricing would be based on the freshness of the food — for example, a cup of yogurt that expires in two days would cost less than the one that expires in eight days. He claims the company can reduce food waste up to 32 percent and uplift grocery store revenue by 6.3 percent.
Potential size of market they're in: $2.2B
Clients: Grocery store chains in the Netherlands, Spain and Italy
How much they've made: Did not disclose.
How much they're asking for: $5M
Qinflow
What they do: Pronounced "Q in flow," the company betters blood infusions by ensuring it is kept warm to cut down on the risk of hypothermia for the blood receiver. CEO Dov Nachshon claims the conversion rate in customers is 90 percent after using the product.
Potential size of market they're in: $1.5B by 2020
Clients: Over 100 customers with 1,000 installed services. Has patents in over 40 countries including the U.S. and Europe
How much they've made: Finished 2018 with more than $1M in sales
How much they're asking for: $5M
Physimax
What they do: Measure the activity of movement by getting insight into the muscular skeleton movements, then prescribe the exercises needed to heal the injury the most efficiently. COO David Khani said this is a way that can specifically help athletes, since "in sports winning is the key, and being on the field is the way to win."
Potential size of market they're in: Did not disclose.
Clients: 20,000 users, including West Point military academy, University of North Carolina and the Pacers NBA team.
How much they've made: Goal to break even in mid 2020
How much they're asking for: $800,000
Neuroapplied
What they do: Have a "visual game" where a brand logo pops up with an image of a person. The user swipes right if they think the person is a user of the brand and swipes left if they do not think the person uses the brand. Unbeknownst to the user, the image of the person was pre-qualified with dozens of pre-conceived notions like "trendy" or "reliable." Matching the person with the brand shows the brand what the user may subconsciously associate with them.
Potential size of market they're in: Did not disclose
Clients: The Coca-Cola Company, Intel, Mercedes-Benz
How much they've made: Secured $100K last quarter
How much they're asking for: $1.5M, some of which was previously partially committed
Siteaware
What they do: Send drones to construction sites to stitch together hundreds of photos, place it on top of a construction design and, should errors be spotted, take corrective measures before further construction work is done. CEO Zeev Braude said millions can be saved by correcting the mistakes while construction is still underway — he said One Bennet Park in Chicago allegedly saved $5M from using their services.
Potential size of market they're in: $1.3B
Clients: Hines new HQ in Houston, One Bennett Park in Chicago, Salesforce tower in San Francisco
How much they've made: Did not disclose
How much they're asking for: $7M
Videotherapy
What they do: A telerehabilitation physical therapy solution which uses artificial intelligence algorithms to show what's the best protocol for given cases in treatment. CEO and co-founder Roy Shteren said it is a 90-day program after surgery and can save $2,500 in provider costs and save the patient $500 from repeatedly going to physical therapy.
Potential size of market they're in: $16B
Clients: Launched in 2017 with 5,000, now grown to 11,000 patients
How much they've made: Did not disclose
How much they're asking for: $3M in funding, with $1M already committed by other investors
BuilderEdge
What they do: Provide an integrated cloud platform to manage construction projects, focusing on production flow for every construction site within the entire chain. Igal Lebedev, CEO and co-founder, said his company allegedly saved clients 50-100 hours in work and improved on delivered quality by 20 percent.
Potential size of market they're in: $1.8B
Clients: Did not disclose.
How much they've made: Raised $3.4M to date, will breakeven in Q4 of 2019.
How much they're asking for: $3M
Medflyt
What they do: Created a platform and a mobile app to connect agencies with caregivers. Omer Klein, product manager, said eventually they want to become a "one stop service" and allow billing and payroll in the platform.
Potential size of market they're in: $1.4B
Clients: 42 home care providers in New York, with the app downloaded by over 40,000 people.
How much they've made: Did not disclose, but said the average client pays an average of $2K per month.
How much they're asking for: $3M
Agamo
What they do: Create structured data sets, providing healthcare entities with the analytic tools to prioritize and consume data that COO and CBO Lev Zwickei said is otherwise buried or in silos.
Potential size of market they're in: $39B
Clients: Did not disclose the amount, but said hospitals pay for the internal data and pharmacy tech and medical device companies pay to access the data.
How much they've made: Did not disclose the amount.
How much they're asking for: $2M
Fieldbit
What they do: Sharing knowledge between technicians so the information is not bottlenecked to a single person. The knowledge can be shared within the entire community of technicians so everyone would know how to solve the problem. CEO Evyatar Meiron said in one case, what would have taken eight site visits over the course of 15 days was solved in six minutes with his program.
Potential size of market they're in: $5B
Clients: Over 30 paying customers, including BP Oil
How much they've made: "Aim to reach" $35M in 2021
How much they're asking for: $7M, have raised $5M so far
Vorpal
What they do: Deploy a metric of sensors to identify drone transmissions, which can find, operate and track drones in rural and urban landscapes. Roey Granot, vice president of business development, said they are currently collaborating with Microsoft and AT&T to expand as a service provider for all commercial drone use.
Potential size of market they're in: $10B
Clients: New York Police Department and Israel Military of Defense
How much they've made: $6.5M, on track for $17M by 2020
How much they're asking for: $5.9M
