Global technology leader Hexagon recognises manufacturing's best start-ups

Rhea-AI Summary

Hexagon's Manufacturing Intelligence division has announced the winners of its inaugural 'Sixth Sense' cohort, which aims to drive sustainability and efficiency in manufacturing. The joint winners, RIIICO and SmartParts, showcased innovative solutions: RIIICO's AI-driven digital twin for factory planning and SmartParts' traceability technology for 3D-printed components. Hexagon will provide these start-ups with resources to scale their technologies globally, addressing the industry's pressing challenges, including supply chain authenticity and environmental impact.

Positive

• Hexagon recognizes innovation with its first Sixth Sense cohort focused on sustainability.
• Joint winners RIIICO and SmartParts presented high-potential technologies for manufacturing efficiency.
• RIIICO's solution turns factory design into a collaborative AI simulation, enhancing productivity.
• SmartParts' tech combats counterfeit parts in aerospace and medical industries with traceability.

Negative

• None.

- Two winners crowned from Hexagon's first 'Sixth Sense' cohort of cutting-edge tech start-ups

- The innovations include a novel traceability solution for 3D-printed parts based on particles that form embedded digital barcodes, and an AI-powered 'Sims-style' digital twin for planning factories

- Both aim to improve sustainability and efficiency in manufacturing, and will be given the resources by Hexagon to globalise

COBHAM, England, June 9, 2022 /PRNewswire/ -- Hexagon's Manufacturing Intelligence division today announced the winners of its first cohort of start-ups selected to help the manufacturing industry operate more sustainably and efficiently. 

Hexagon is a multi-billion dollar pioneer in digital reality solutions, combining sensor, software and autonomous technologies to address new challenges with greater insights. With sites in more than 50 countries, its manufacturing technologies help make 95% of all cars, 90% of all aircraft and 85% of all smartphones worldwide. The company launched the Sixth Sense open innovation platform in January to challenge how multinationals approach innovation and help nurture creative solutions to emerging manufacturing challenges by connecting with world-class companies to solve some of humanity's biggest challenges. 

The two joint winners were chosen following an intense eight-week training programme to hone their business model and approach, concluding with a final presentation to a panel of expert judges to pitch for the resources to globalise and gain access to Hexagon's extensive customer base. 

The winners are:

RIIICO, that has designed a 'Sims-style' drag and drop virtual factory floor. Its AI solution creates a true-to-life simulation of a plant with a single 3D scan, empowering teams with the tools and flexibility to collaborate and improve on factory design from anywhere in the world. This has enormous productivity improvement potential, with around 80% of factory improvements currently getting stuck in the ideation phase. This can remove barriers to greener workflows by making the identification, installation and optimisation of them as painless and low-resource as possible. The young team of university friends from Germany launched the company just last year and since joining the platform have already been backed by the likes of UC Berkeley's SkyDeck fund, multiple investors, and AI experts in the US and Germany.

SmartParts, that has created an embedded digital barcode for 3D printing. It has developed a solution utilising data-rich particles that can be embedded into the materials of 3D printed parts, which when scanned reveal the material and part full specifications and history. The solution will enable industries with specific technical requirements, like aerospace and defence, and those with strong ESG commitments, such as governments, to have greater control over their supply chain and processes and encourage responsible business decision making. With modern supply chains under intense pressure, there is increasing need to monitor and verify the authenticity of products. For example, 520,000 counterfeit aerospace parts are installed in planes every year, and 8% of all medical devices on the market are estimated to be fake. SmartParts aims to combat this by directly connecting physical assets with digital records to ensure end-to-end traceability and trust in 3D printing. The small US-based team has direct experience with manufacturing in high requirement industries, having served as New York City's main contractor for 3D printed swabs during the height of the Covid pandemic in 2020. 

Sixth Sense is a revolutionary approach to the traditional accelerator, designed as an exchange of value between Hexagon and the start-ups, providing more than just theoretical training. The cohort gain tailored instruction on how to hone their offering for greater commercial success using Hexagon's deep market insight, while Hexagon aims to apply learnings from the start-ups' agility and fresh approach to innovation. 

Parth Joshi, Chief Product Officer and Chief Technology Officer of Hexagon's Manufacturing Intelligence division, said: "We expect all seven companies from this first cohort will go on to have a significant impact on the future of the manufacturing industry, and we will work with them all in some way; we were incredibly impressed with the strength and creativity of all solutions. As winners, SmartParts and RIIICO should be particularly proud of their achievements, and we look forward to working with them to help grow their businesses and relationship with Hexagon and our customers." 

"Sixth Sense has broken the mould, and successfully so – everything from the initial demand to the final result has been eye-opening," said Paolo Guglielmini, President of Hexagon's Manufacturing Intelligence division. "At Hexagon, we are searching for smart, efficient solutions that will not only boost performance, but benefit people and the planet. We will be recruiting for the next cohort soon, and I would emphasise that we encourage applicants from diverse backgrounds to help foster creative answers to global challenges." 

The runner-up to the two winners is Praemo, who developed RazorTM, a sophisticated manufacturing insights application that ingests data 'as-is' from automation, quality, historians and maintenance systems to drive next level continuous improvement in areas like throughput, cost and productivity using advanced Machine Learning without the need for skilled data science teams. Hexagon would like to congratulate all the companies involved in this pioneering cohort, which included Eyeflow AI, IconPro, SmartPM and SmartUQ. 

To keep up to date with the winners, learn from the Sixth Sense community or apply for the next Sixth Sense cohort visit sixthsense.hexagon.com. 

Global press office including April Six (agency): media.mi@hexagon.com.

About Hexagon

Hexagon is a global leader in digital reality solutions, combining sensor, software and autonomous technologies. We are putting data to work to boost efficiency, productivity, quality and safety across industrial, manufacturing, infrastructure, public sector, and mobility applications. 

Our technologies are shaping production and people-related ecosystems to become increasingly connected and autonomous – ensuring a scalable, sustainable future.

Hexagon's Manufacturing Intelligence division provides solutions that use data from design and engineering, production and metrology to make manufacturing smarter. For more information, visit hexagonmi.com. 

Hexagon (Nasdaq Stockholm: HEXA B) has approximately 22,000 employees in 50 countries and net sales of approximately 4.3bn EUR. Learn more at hexagon.com and follow us @HexagonAB.

Photo - https://mma.prnewswire.com/media/1836380/Hexagon_SmartParts.jpg
Photo - https://mma.prnewswire.com/media/1836379/Hexagon_RIIICO.jpg

Media contact: 
Robin Wolstenholme
Global Media Relations and Analyst Relations Manager 
Hexagon's Manufacturing Intelligence Division 
+44(0)7407 642190 
robin.wolstenholme@hexagon.com

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SOURCE Hexagon

FAQ

What are the main innovations from Hexagon's Sixth Sense cohort?

The cohort features RIIICO's AI-powered factory simulation and SmartParts' traceability solution for 3D-printed parts.

How will Hexagon support the winners of the Sixth Sense program?

Hexagon will provide resources to help RIIICO and SmartParts scale their technologies globally.

When was Hexagon's Sixth Sense cohort announced?

The winners were announced on June 9, 2022.

What challenges does Hexagon aim to address with the Sixth Sense program?

Hexagon is focused on improving sustainability, efficiency, and supply chain authenticity in manufacturing.

Who are the winners of Hexagon's Sixth Sense cohort?

The winners are RIIICO and SmartParts.