# Envision Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/envision-technologies-b-v

- Industry: Software
- Headquarters: The Hague, Netherlands
- Website: www.letsenvision.com
- Total disclosed funding: $0.3M
- Latest round: Seed (Mar 6, 2019)
- Investors on record: 1

## About

Envision Technologies B.V. is a Netherlands-based company specializing in assistive technology that enhances independence for individuals with visual impairments through innovative products and services.Founded in 2017 in The Hague, Netherlands, Envision Technologies B.V. focuses on assistive technology for the blind and visually impaired. The company is led by Karthik Mahadevan. In May 2021, it raised EUR 1.5 million in a funding round that included investors such as ABN AMRO and Impact Venture Capital. This funding is dedicated to expanding the team and enhancing product offerings.Envision specializes in assistive technology designed to empower individuals who are blind or have low vision by providing them with the means to access visual information independently. The company’s core offerings include the Envision Glasses and the Envision App, which utilize advanced AI technologies, including ChatGPT and Google Glass. These products enable users to perform various tasks, such as scene recognition, text reading (including handwritten text), and identifying different items, thereby enhancing their daily experiences and reducing barriers associated with visual impairments. Envision primarily serves a global customer base, including individuals, educational institutions, and organizations focused on accessibility, with a significant presence in markets across North America, Europe, and parts of Asia. The Envision App was launched to extend the functionality of these smart glasses, reinforcing the company’s commitment to broadening access to assistive technologies.The revenue model for Envision is structured around direct-to-consumer sales and subscriptions for its products and services. Customers can purchase the Envision Glasses directly, which is complemented by a subscription plan for accessing advanced features within the Envision App. This plan typically covers a range of functionalities that enhance user experience through ongoing software updates and additional capabilities. By providing a seamless integration of hardware and software, Envision creates value for its users, fostering customer loyalty and encouraging continued engagement with its products. Through this structure, Envision aims to ensure consistent revenue streams while delivering significant benefits to its client base.Envision Technologies B.V. plans to utilize the EUR 1.5 million raised in May 2021 to expand its team and enhance product development. The company is working on upcoming product launches aimed at improving assistive technologies. Additionally, it intends to expand its market presence in North America, Europe, and Asia, targeting specific demographics that require visual assistance technologies. These steps are aligned with its strategy to broaden accessibility for visually impaired individuals.

## Funding rounds

- Seed, Mar 6, 2019, $0.3M — 4Impact

## Investors

- 4Impact (https://capitalatlas.ai/funds/4impact) — Seed