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Soar Robotics isn't accepting new investments

Soar Robotics’ deadline was March 11, 2020

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Soar Robotics

Cloud-connected robotic intelligence platform for drones
Hardware B2B Robotics IoT Crowd SAFE AI & Machine Learning Drones
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Sold out
$1,070,000
Maximum funding goal reached
4,305
Investors
Successfully funded and closed on March 11, 2020.
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Closed on March 11, 2020. Information may not be up-to-date. Campaign closed on March 11, 2020. Information displayed may not be up-to-date.
Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Funding Founders
About Team Press

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Soar Robotics Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Soar Robotics Crowd SAFE Soar Robotics Form C-A 12.19.19.pdf
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Hear from some of the 4,305 investors in Soar Robotics


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Highlights


Bootstrapped
High traction without any outside capital
  • Cloud-based AI products that turn drones into smart robots in under 2 hours
  • Allows companies to operate drones and manage drone data autonomously
  • 10k+ hours of autonomous flight and 50k+ successful precision landings
  • Founders with 10+ years of experience and 2 successful exits
  • Team with an average experience of more than 5 years in robotics and AI
  • Secured deals with renewable energy and security companies

Problem


Drones lack sufficient autonomy and intelligence

Industries fail to utilize drones and aerial vehicles efficiently, securely and quickly for industrial applications. As a result, we can’t increase the efficiency of human labor.

Drones become inefficient and primitive tools in the hands of a human operator, in terms of both in-flight and post-operation data handling. This limits the potential of aerial vehicles to maximize revenues in many industries such as energy, agriculture, security and more. 

Furthermore, these robots have very little access to real-time and long-term robotic intelligence that they can consume to become smarter and more autonomous. Being disconnected from a larger network also limits the collaborative operational capabilities of these aerial vehicles; i.e. multi-agent operation is not possible. The current commercial robotics paradigm is inefficient and limits the growth of many industries. 

Solution


We turn drones into mission-executing robots  

Soar Robotics’ cloud-based AI products make drones and any aerial vehicles smart and connected. We produce fully autonomous aerial vehicles that automate the work of humans in industrial applications.

Our drone-in-a-box solution deployed on factory premises

Our technology allows users to:

  • reduce labor costs by more than 80%

  • hire fewer technical personnel in challenging jobs and environments

  • manage industrial zones 24/7 remotely 

  • bring full autonomy to maximize revenues in industrial applications

Product


Soar Robotics develops a cloud-connected robotic intelligence for aerial vehicles

Our system consists of an autonomous drone, recharging dock, data linking technology, weather protection features, and our cloud intelligence platform. The system is deployable in under 2 hours and is capable of serving almost any industry imaginable due to its modular system design.

We develop fully autonomous industrial drones and ground bases, which operate without a human pilot. Flight, data collection, battery recharge and data processing - these operating stages used to be part of a continuous cycle that needed human supervision. Thanks to our drone-in-a-box solution, this cycle is now automated and creates much greater value, at a fraction of its previous overall cost. 

Our current industry-specific services are:

  Tracking and reporting on the progress of solar plant construction, building construction, agricultural lands by routine surveys and maps.

   Detecting, analyzing and classifying defects in solar energy, agricultural lands, and critical infrastructure.

   Providing live aerial monitoring for almost any industrial site, such as factories, power plants, and cities.

Technology

We built the software and hardware for our autonomous drone systems from the ground up and designed them in a way that will allow us to scale our operations faster and easier. Soar’s onboard software, cloud software, and ground station systems can be integrated with many of the industry’s leading hardware and software, such as DJIs, Parrots, and Yuneecs. We also support any kind of proprietary MAVLINK and ROS powered drones.

By design, our software can pair not only with aerial vehicles but also ground and (in theory) space vehicles.

We have also been developing a novel communications hardware. It enables any drone to stay connected to the main network under almost any condition. This is extremely important especially for Beyond Visual Line of Sight Flights (BVLOS), which streamline commercial drone applications by enabling legal, remote and autonomous operations. Our hardware will pave the way for safe and easy BVLOS flights for almost any kind of aerial vehicle. 

The first iteration of the Cloud-connected robotic intelligence board (CRIB)

We have been rigorously testing our precision landing algorithm in various weather and lighting conditions. We have landed successfully for more than 50,000 times in real-life conditions and hundreds of thousands of times in the simulator environment. 

Precision visual landing on fiducial markers in a real environment

Traction


Signed contracts will generate $1M+ revenue next year

  • 5+ accounts in the energy industry with $500K ARR potential in the sales pipeline.

  • Planned to deploy 100 new systems to our existing customers in 2021.

Customers


Working with clients across four industries

Our drones will be inspecting and providing infrastructure security for 450 MW of electricity generation.

We are deploying 20 drone units to a security company who provides monitoring services for cities and large scale infrastructure units. Soar powered drones execute routine, fully autonomous surveillance missions. 

We have been testing our system through an agriculture data provider company with more than 20,000 farmers in its database to provide precise, actionable data on their fields.

We have successfully tested our autonomous progress tracking service from the pre-construction period until the end of a construction project. We are working to integrate our fully autonomous and intelligent cloud solution with the already existing drone operations of a large construction company.

Business model


Generating recurring revenue with Robotics-as-a-Service (RaaS) model

Market


$300 billion market opportunity

According to PWC’s market predictions, the global market value for drone-enabled commercial solutions is estimated at $127B. With the widespread adoption of BVLOS flights and governments establishing regulatory frameworks around it, we expect that commercial drones will take a step closer to their full potential and span a +$300B addressable market until 2025. 

Competition


Soar Robotics' technology is hardware agnostic and fully autonomous

Human dependent workflows cause inefficiencies and thus losses in revenue. Full autonomy revolutionizes the way enterprises do business by eliminating the risks and costs caused by human operators. Hardware dependency means less flexibility and availability. Hardware dependent systems are limited in applications and thus scale much slower than hardware-agnostic systems. Our system implements the best of both worlds, bringing flexibility and availability to scale industrial applications and grow as every manufacturer in its network grows. 

Vision and strategy


A look to the future: multi-agent systems

With the funds raised, we hope to develop multi-agent systems that can accomplish tasks that are impossible for a single agent. We have been prototyping and simulating multi-agent interactions in surveillance, agriculture, parcel delivery, pipeline and railroad inspection environments.

We are also raising to speed up our delivery cycles and sales and to expand our engineering and marketing teams.

Why now?

The technology behind aerial vehicles, cloud computing and wireless communications has improved dramatically in the past decade. We now have the ability to construct a new system that utilizes these technologies and becomes a novel technology stack on top of them. With these advancements, we aim to become the leading cloud intelligence and connectivity hardware provider for any type of autonomous multi-agent system.

Funding


Soar Robotics has bootstrapped to develop its technology

We are bootstrapped - our founders have invested $600,000 of their own money to develop the product. Now, with a market-ready product, we hope a new fundraising round will help us to increase our delivery cycle and market development. 

Founders


Kerem Ozkan, Co-founder and Managing Director

•  Serial entrepreneur.

•  Founder of Calide Investments. Invested in start-ups in artificial intelligence, robotics, IoT, & renewable energy.

•  Founded & managed programmatic advertising agency PCA; oversaw strategic digital marketing for brands incl. Unilever, Nestle, KFC and Time Warner (sold Oct 2015).

•  Published +10 papers in AI & Visual Cognition of human. Papers featured in Visual Cognition, Perception, and Psychophysics and Journal of Vision. 

•  Ph.D., Cognitive Sciences & Artificial Intelligence, University of California, Irvine.


Deniz Kalaslioglu, Co-founder and Technical Lead

•  +7 years of experience in AI-backed autonomous drones R&D.

•  BS, Electrical and electronics engineer specialized in embedded systems, aerial robotics software & hardware.

•  Helped big and medium-sized companies in Healthcare, Energy, Retail, Pharma, Government, Automotive, Construction and other verticals with end to end AI and automation implementation.

•  Lecturer in AI & robotics.

Deal terms


Valuation cap

$7,000,000

The maximum valuation at which your investment converts into equity shares or cash.
Learn more

Discount

20%

If a trigger event for Soar Robotics occurs, the discount provision gives investors equity shares (or equal value in cash) at a reduced price.
Learn more.

Minimum investment

$100

The smallest investment amount that Soar Robotics is accepting.
Learn more

Funding goal

$25K – $1.07M

Soar Robotics needs to raise $25K before the deadline. The maximum amount Soar Robotics is willing to raise is $25K – $1.07M.
Learn more

Deadline
Soar Robotics needs to reach their minimum funding goal before the deadline (). If they don’t, all investments will be refunded.
Learn more
Type of security

Crowd SAFE

A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event. · Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Soar Robotics Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Soar Robotics Crowd SAFE Soar Robotics Form C-A 12.19.19.pdf

Why others invested

See all reviews (0) See all (0)

I can see many applications for this that lends itself to large companies/transactions where good collection and analysis of data makes the cost almost moot. Good idea to allow people to use their own hardware or to use SR hardware and software.

Profile picture of Michael Wileman
Michael Wileman
Active investor
almost 3 years ago

I am a Land Surveyor, and we use programmable drones to do topographic surveys on a pre determined grid. I see the possible applications for this product, many industries will eventually be moving to drones for many tasks.

Profile picture of Thomas Traviss
Thomas Traviss
Active investor
almost 3 years ago

Drones are inevitable tools of future business, in defense, logistics, geo-data collection and transport of materials and information.

Profile picture of Steven Roberts
Steven Roberts
Active investor
almost 3 years ago

About Soar Robotics

Legal Name
Soar Robotics Inc.
Founded
Jul 2019
Form
Delaware Corporation
Employees
0
Website
soarrobotics.com
Social Media
Headquarters
Google Map location of of Soar Robotics
8605 Santa Monica Boulevard , West Hollywood, CA
Headquarters
8605 Santa Monica Boulevard, West Hollywood, CA, United States 90069

Soar Robotics Team
Everyone helping build Soar Robotics, not limited to employees

Profile picture of Kerem Ozkan
Kerem Ozkan
Founder
Featured in Superheroes · Read
Profile picture of Deniz  Kalaslioglu
Deniz Kalaslioglu
Founder
Profile picture of Aydin Sari
Aydin Sari
Robotics Lead
MS in Mechatronics Engineering and a self-taught everything programmer. He has technically led several significant mobile robotics companies’ efforts on creating breakthrough technologies, with 10+ years of experience in the field.
Profile picture of Ilkay  Ozfiliz
Ilkay Ozfiliz
AI Lead
BS in Electrical and Electronics Engineering with 5+ years of experience in aerial robotics software development. Specialized in artificial intelligence for computer vision and sequential models.
Profile picture of Orhan Hafif
Orhan Hafif
Software Lead
BS in Computer Engineering with 5+ years of experience in autonomous systems development. Specialized in UNIX-based operating systems and mobile robotics control, estimation, navigation and guidance.
Profile picture of Arda Kirmizioglu
Arda Kirmizioglu
Cloud Lead
MS in Computer Science. His area of expertise is cloud networking technologies and software-defined distributed networks. As of 2019, he has published 6 conference and journal papers about cloud data streaming architectures and video optimization.
Profile picture of Erhan Bayram
Erhan Bayram
Mechanical Engineer
BS in Mechanical Engineering with 4+ years of experience in 2D-3D prototyping, manufacturing techniques and design. Specialized in composite structures and quality management.
Profile picture of Mert Gokdemir
Mert Gokdemir
Simulation Engineer
Undergraduate in Electrical Engineering with 5+ years of experience in visual design, game design and development. Specialized in Unity, Unreal and 3D simulation environments.
Profile picture of Faruk Demirci
Faruk Demirci
Embedded Systems Engineer
Electrical and Electronics Engineering undergrad with 3+ years of experience in software development and embedded systems.
6 more team members
Kerem Ozkan
Founder
Deniz Kalaslioglu
Founder
Aydin Sari
Robotics Lead
Ilkay Ozfiliz
AI Lead
Orhan Hafif
Software Lead
Arda Kirmizioglu
Cloud Lead
Erhan Bayram
Mechanical Engineer
Mert Gokdemir
Simulation Engineer
Faruk Demirci
Embedded Systems Engineer

Press

Deniz Kalaslioglu, Co-Founder & CTO of Soar Robotics - In...
Unite.AI Unite.AI
·
Jan 2, 2020

Unite.AI interviews Deniz Kalaslioglu, who is the Co-Founder & CTO of Soar Robotics.

Featured Guest: Managing Partner of Hyde Park Angels Pete...
WGN Radio - 720 AM WGN Radio - 720 AM
·
Sep 13, 2019

On the show, Scott kicks off the show by talking with our featured guest Managing Partner of Hype Park Angels Pete Wilkin...

Soar Robotics Joins NVIDIA Inception Program
Medium Medium
·
Jul 30, 2019

Soar Robotics joins NVIDIA's exclusive program for artificial intelligence startups. Inception accelerates the growth of ...

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Soar Robotics

Soar Robotics successfully raised $1,070,000 from 4305 investors on March 11, 2020
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Xuanhanh, Kelvin, Desiree, Gregory, edward, and 4300 others invested. 1088 Reviews

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