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Thursday, March 23, 2023

Pinmicro helps businesses identify workflow pain points with digital twins

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Pinmicro, situated in Tokyo and Kochi, assists organisations in creating digital twins of business processes utilising extremely precise real-time location systems (RTLS) and IoT data.

Pinmicro, located in Tokyo, became an early user of UWB in 2018 when it developed a solution to assist businesses track their business operations using location data. UWB can broadcast data across a wide range of radio frequencies, from 500MHz to several gigahertz.

UWB, like Wi-Fi and Bluetooth, is a type of radio technology, however it can carry data at up to 1 GB/s at shorter distances (10-15 metres) due to its pulse-based technology. Although comparable to Wi-Fi, Bluetooth, and RFID, UWB is a short-range wireless communication system that enables centimetre-level location precision in real-time and consumes ultra-low power.

Pinmicro, which was founded by Tiby Kuruvil, Gijo M S, Jayaraj Gopi, and Ravindranath AV, employs extremely precise real-time location systems (RTLS) and IoT (Internet of Things) data. Pinmicro, an entirely new startup focused on real-time location, was founded by the team.

Other from that, Kochi is where the company’s sales to the United States, Indonesia, Oman, the United Arab Emirates, the Philippines, and India are recorded.

Pinmicro’s real-time location solution dSense.io assists organisations in increasing operational efficiency and earning greater returns on investment. For example, Pinmicro assisted one of its railway clients in increasing operational efficiency by 20% and reducing maintenance cycle time by 25%.

The startup connected two pieces of gear to the machinery that entered the repair unit: beacon cards and beacon receivers. The dSense.io platform gave the client insights into the maintenance unit and informed the crew when machinery entered the unit and if there was a delay or a breakdown.

Pinmicro is self-funded, save from the Rs 15 lakh it got from the Kerala Startup Program for no equity. The firm, which was incubated by NSRCEL, IIM Bangalore, NASSCOM 10000 Startups, and the GHV MAIL programme, is now trying to attract capital from angel investors to develop its business.

According to Markets and Markets research, the ultrawide-band market is expected to increase from $1.1 billion in 2020 to $2.7 billion in 2025 at a CAGR (compound annual growth rate) of 19.6% between 2021 and 2025.

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