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CanQbate50 backs digital signage technology startup Intelisa

Shweta Sharma | 18 May, 2020

Read more: https://www.techcircle.in/2020/05/18/exclusive-canqbate50-backs-digital-signage-technology-startup-intelisa-in-third-deal-since-march

Senselabs Technology, a Bengaluru-based  startup that offers digital signage solutions under the brand Intelisa, has raised seed funding worth $210,000 from CanQbate50, a top company official told TechCircle.

The investment marks the third by CanQbate50 since its launch in March 2020.

“We will use the funds in charting this global ambition and tap into the massive retail market of North America — primarily for business development and to build some of the key product features for this market. The team at CanQbate has been greatly resourceful in terms of knowledge, and network, and acts as a fertile incubation ground for us to explore new territories…” Intelisa co-founder and CEO Alok Dukle told TechCircle.

“These are tough times as we globally battle Covid-19. Personally to us, this investment round stands for the resilience of our entrepreneurial community, and the will to keep going,” he added.

Intelisa was founded in January 2019 by Dukle, Rahul Shukla and Anvesh Mantena.

The company claims to offer AI-driven intelligent digital signage technology that highlights products in-store and amplifies their sales, and overall retail performance.

Universal plug-and-play device solutions, offered by the company, can be attached to any television or LED screen to enable immersive engagement through real-time engagement driven marketing campaigns. The solution helps retailers to amplify sales by displaying the right offerings based on a number of parameters such as inventory, sales trends and real-time demographics.

Intelisa claims to have more than 25 patents and 50 plus international research papers and is supported by Cultiv8, an incubator funded by the Department of Science & Technology, Government of India.

“Intelisa is going to target the retail sector which was about a $615 billion market in 2019 and will continue to grow in upcoming years. We have been eyeing Indian startups which can be a good fit for the Canada market and Intelisa is one such great discovery for us,” Vijay Singh Rathore, founding partner of Nucleus Advisors said.

Launched in March this year, CanQbate50 is a joint initiative of business consulting firm Nucleus Advisors and Toronto-based incubator Venture Development Institute. Under its programme, 50 startups from India will be chosen for incubation for eight months in Canada. Each startup will receive funding of upto 350,000 Canadian dollars and get mentored by industry experts.

The incubator has a network of more than 30 investors groups, 200 HNIs and 100 mentors.

Last month, CanQbate50 invested in self-care products maker Donna FMCG and eSports platform My Game Mate.

Read more: https://www.techcircle.in/2020/05/18/exclusive-canqbate50-backs-digital-signage-technology-startup-intelisa-in-third-deal-since-march

Categories
Digital Signages Everything IoT

IoT based Digital Signages will gain significance during COVID-19

by Mr. Anvesh Mantena

Note: The author of this article has over a decades experience as a digital technology consultant across global markets like US, Japan, Germany & India.

With the world heading towards a new normal, next generation IoT based digital signages are set to play a significant role to not just help business navigate the current operational challenges, but increase their preparedness to mitigate the impact of such challenges in the future. 

The words corona, social distancing and lockdown were virtually unheard of, a few months ago. The COVID-19 pandemic has affected millions of people and disrupted thousands of business worldwide. The reality of the outbreak is starting to settle in and business leaders are strategising to navigate a broad range of interrelated issues. One of the key business challenge that is industry agnostic, is ensuring health and safety of employee and customers. 

The fact that a vaccine is still months away, amplifies the relevance of digital signage which has taken up the role of providing the most important commodity of all: information. If the importance of digital signages was ever a question before Covid-19, there is no doubt of its value now.

Although it seems obvious, the need of the hour is to continuously remind your customers & employees about importance and safety related information to further drive the point. The cloud based solutions give complete control to the head office to drive emergency communication in real time to multiple or a specific remote location. Digital signages are all set to play a prominent role to keep people informed and fight against their fears at places where it matters the most.

While enabling communication remains to be the key, the next generation digital signage solution which are IoT based and are driven by AI, will works as a platform to build industry specific application that would not just help businesses navigate through the current pandemic but will increase their preparedness to mitigate the impact for the next one if any. The below are a few use cases which we would see gaining traction. 

  • Remote training: While training is a key for businesses to grow the current pandemic has been driving a wide range of reskilling initiative by organizations, virtual meeting tool like Zoom are helping white collar employees, the same can’t be said with blue collar employee. This is where digital signage are set to play a significant role. The real-time capabilities of the modern signage solution will help business reuse the screens placed at strategic point across factory floor to train workers.
  • Queue Management: Queues for entry into retail stores, is quite common these days. This will further formalise into appointment based shopping. IoT based digital screens installed at entrances of stores apart from its basic functionality to act as a medium of communication will also provide queue management services to regulate the inflow of customers thereby avoiding the pile-up of people in endless lines and increase the confidence of the customer to come and shop with them.  
  • Remote monitoring: With high levels of compliance standards being set by governments, organisations will need tools to monitor their implementation at manufacturing plants or retail stores. The next generation digital signages based on IoT platforms, integrated with sensor technology will eliminate blind spots, giving management a holistic view of operations that can be monitored remotely. In-built algorithms will automatically alert staff by bringing up relevant messages on screens at times when standards are not being met by employees. 
  • Local Community marketing: ‘When customer don’t come to you, you go to your customers’, is the mantra that businesses will follow. The advertisement spent for organisations will be very limited and targeted with companies being very particular on where every rupee is spent. Marketing in public places through OOH might lose its sheen with more marketers looking to reach the customer as-close-to-home. This will open up avenues for marketing agencies to invest in digital screen controlled by an efficient cloud solution in various large housing societies, which will take brands closer to the customers. Digtial signage solution will provide real time analytics on the advertisements making the business investments measureable. 
  •  Contactless attendance & screening: Finger print recognition has been a standard over the last decade for daily attendance registration at various offices/plants across the world. This pandemic has brought about an urgent need for a contactless technology.  Face recognition which is already making its presence in the mobile world will be the new normal. The camera scan along with a few thermal scanning sensors will see integration with IoT based digital signages for automatic attendance capture and screening at entrances with capabilities to automatically trigger warning messages.
  • Store Information & availability display:  In the short term, window shopping at malls will reduce due to the fear of infection, and customers will shop for a particular pre-decided product. The time they want to spend in stores will be minimal. In these scenarios, real time information on the availability of product and their exact location will be of great help for people to directly walk to the product pick it up and check out. Digtial signage’s will play a significant role by integrating the store inventory & layout diplaying real time product information and their availability. 

With the changing global context, Digital Signages are maturing from just being a marketing tool to an IoT based enabler by integrating real time applications, resulting in being an efficient and effective communication of the one of the most important asset – information!