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January 03, 2020
AllRead MLT, a success story originated from the PRUAB’s Ideas Generation Program
The AllRead MLT (AllRead Machine Learning Technologies) project started in 2016 from the Ideas Generation Program carried out by PRUAB, the UAB university research park, and sponsored by the Barcelona Synchrotron Park (BSP). This annual program is based on the collection of local companies’ technological challenges that are submitted to the UAB scientific community: every year, this program aims at offering companies the benefit of the UAB researchers’ wealth of creativity to get proposals for their innovation projects.
 
AllRead MLT is now a spin-off company from the Computer Vision Centre (CVC-UAB) located at the UAB university campus (CVC-UAB). This company is specialized in detecting text in images and digitizing them. Its objective is to bring to the market its own technology, based on deep learning, which speeds up, for example, the identification and monitoring of containers in ports and airports.
 
Jointly to Erudito, AllRead MLT was one of the two finalist start-up companies of the last Bbooster Week held in Valencia on December 2-4. During this investment event organized by Bbooster Ventures to select and invest in start-ups, a € 100,000 convertible loan was awarded to AllRead MLT.
 
The goal of the startup is to close new rounds of funding during 2020 and to go on developing its product already successfully tested during different pilot tests with the Port of Barcelona and other companies from different sectors, such as Suez, Comsa and International Airlines Group.
 
Good luck!
 

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