# AllRead Machine Learning Technologies S.L.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/allread-machine-learning-technologies-s-l

- Industry: Software
- Headquarters: Barcelona, Spain
- Website: www.allread.ai
- Total disclosed funding: $0.1M
- Latest round: Seed (Dec 1, 2019)
- Investors on record: 1

## About

AllRead Machine Learning Technologies S.L. specializes in advanced Optical Character Recognition (OCR) solutions, enhancing logistics efficiency for ports and terminal operators through innovative deep learning technology.AllRead Machine Learning Technologies S.L. was founded in 2019 in Barcelona, Spain, providing OCR solutions that digitize codes from containers and wagons. The co-founders include Adriaan Landman, Dimosthenis Karatzas, Marçal Rossinyol, and Miguel Silva-Constenla, who also serves as CEO. In December 2022, the company raised EUR 2.50 mn in a funding round led by Clave Capital, bringing the total amount raised to EUR 2.50 mn across 4 deals.AllRead Machine Learning Technologies S.L. primarily offers advanced Optical Character Recognition (OCR) solutions tailored for ports and terminal operators. Their core product employs unique deep learning technology to enhance the efficiency of container handling and transit operations by processing video streams from a minimal setup of IP cameras. Key functionalities include the real-time detection and digitization of codes from containers (BIC) and wagons (UIC) during their movement through various transport channels, such as road, crane, and rail. This software, designed to integrate seamlessly with Terminal Operating Systems (TOS), aims to streamline operations and improve accuracy in logistics management. AllRead serves a diverse clientele, including port authorities and intermodal transport platforms across Europe, with notable deployments in major locations such as the Port of Algeciras and the Port of Leixões.In 2022, AllRead reported a revenue of EUR 994,900.90 and a negative EBITDA of EUR 142,130.50. Their revenue is primarily generated through B2B partnerships with port authorities and logistics companies that adopt their OCR software solutions, typically involving subscription-based agreements or one-time licenses for their flagship products, such as ARS© Road, ARS© Crane, and ARS© Rail.AllRead Machine Learning Technologies S.L. plans to leverage the recent funding raised on December 9, 2022, to enhance its product offerings and expand into new markets. Upcoming launches include innovative OCR solutions aimed at optimizing logistics for additional transport modes. The company targets expansion into more ports across Europe and intends to utilize its resources to enhance customer support and integration capabilities by the end of 2023.

## Funding rounds

- Seed, Dec 1, 2019, $0.1M — DraperB1

## Investors

- DraperB1 (https://capitalatlas.ai/funds/draperb1) — Seed