Pervasive Technologies Seleccionada Bind 4.0

Pervasive Technologies selected as Bind 4.0 participant for its AI solutions for industry

  • The Spanish company is among the 31 companies selected by the acceleration program.
  • Its AI solutions project stood out among 750 applications from 73 countries.
  • This 5th edition of the event had 37% more applications than last year.

The Spanish company Pervasive Technologies is one of the 31 innovative companies selected in the 5th edition of Bind 4.0, an international acceleration program organized by the Basque Government to promote the best startups that offer technological solutions for Industry 4.0, from big data and collaborative robotics to IoT and virtual reality.

Pervasive Technologies has presented to the program its solutions for the industry: detection of protective equipment (PPE), automatic reading and extraction of information from images or texts (ICR) and solutions for the steel sector as scrap classification (Scrap Classification), truck load detection at entrances and exits of enclosures or identification of hydrocarbon leaks to minimize risks. Thanks to being selected, the company will be able to develop its projects together with one of the platform’s corporate organizations.

The 57 companies promoting this initiative, belonging to different sectors of industry, energy, food and health based in the Basque Country, have analyzed up to 750 applications from 73 different countries, 37% more than last year, awarding the prize of participating in the program to 22 Spanish and 9 international companies. Technological innovation applied to improving processes, services and products has been taken into account.

Bind 4.0 promotes the startup and growth of companies, putting selected startups in contact with large companies interested in their developments.

In addition to AI, the majority technologies of the projects have been IoT and artificial vision -62% of the selected solutions-, followed by others such as robotics, cybersecurity or blockchain. According to data from Bind 4.0, 70 % of the startups continue working with the companies involved once this initial contract has ended.

Thanks to projects like this one, Pervasive Technologies will be able to continue with its goal of digitally transforming companies through cutting-edge AI to face the technological revolution we are currently experiencing.

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