PropTech / ConTech

RaSpect Intelligence Inspection

RaSpect is an AI-powered architecture inspection company that developing a brain for building inspection which improve the safety of architectures and reduce the economic loss and human life. Through the use of satellite data, built-in IoT sensors, and automatic drone inspection, the company can effectively assess the potential risks of architectures and calculate the degree of damage after comprehensive analysis of the above data.  In general, their solutions not only provide more accurate inspection and analysis than traditional practices, but also save more than 50% of the time and cost

  • Date 2017
  • Stage of Funding Pre-A Round
  • Location Hong Kong
  • Segment Construction, Property Inspection
  • Founder Harris Sun
  • Website https://raspect.co/

In the news

Background
RaSpect develops and applies AI technology into the field of inspection, to build a digit brain consolidating the judgmental knowledge and professional experience from engineers, architects and surveyors. The Company’s AI-driven Inspection provides professional inspection services to listed companies, ranging from property developers, public utilities providers to architectural firms in Asia- Pacific Region. Services: 1. AI Inspection & defect recognition, 2. 3D modelling & analysis, 3. Cloud based Big Data search & reporting system, 4. BIM integration & data visualization

Raspect positioned themselves as an Architectural + Machine Learning company The Company is targeting Hongkong, China and ASEAN countries and looking for opportunities in Building, Rail and Aircraft inspection market, by offering data capture, processing and diagnostics services.

Go-to-market strategies: The Company partners with construction engineering consultants and provide inspection services to properties management, developers and utilities. The 3nd parties will source deals and sales channels, while Raspect offers services.

Business Model
B2B model -1. Inspection API software development (SaaS); 2. Inspection services: Date Capture, Defect Recognition, Positioning and Measurement with 3D model, AI Maintenance Supervisor; 3. Inspection partnership with consultants

Management
Harris Sun, CEO and Founder
Andy Yeung, Advisory CTO
Prof H. Sun, Advisory Chief Scientist Milestones / Future Plan

The Company will expand its business to China market (especially the Greater bay Area) in 2019, and other Asian and ASEAN countries. The initial business will focus on building and construction industry and explore to Rail and Aircraft industry in 2020 and 2021 respectively.

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