LexSet.ai wins pitch competition at AWE for its cutting edge approach to machine vision in mixed reality

2019-06-03 15:05:01 - United States, California, Santa Clara - (PR Distribution™)

LexSet.ai, a visual search and object identification company, was awarded the ‘Auggie’ for ‘Startup To Watch’, at the 10th Annual Augmented World Expo USA (AWE).

LexSet CEO & Co-Founder, Leslie Oliver Karpas, was awarded the ‘Startup To Watch Auggie Award’ during the AWE Ceremony, widely considered to be the industry’s most prestigious event. LexSet was selected out of a crowded field of 18 competing startups, which was previously selected from a field of 200+ applicants in what was the largest AWE conference to date, with a reported attendance of over 7,000 people. The range of nominees included everything from mixed reality creation tools, to games, to real-time training simulations. The pitch competition was judged by a top tier panel of leading venture capitalists, including: Cyan Banister of Founders Fund, Tipitat Chennavasin of The VR Fund, Martina Welkhoff of WXR Fund, Niko Bonatsos of General Catalyst, and Michael Yang of Omers Ventures.

LexSet is a B2B AI SaaS solution for object recognition & visual search, specializing in synthetic training data generation for machine learning with clients ranging from furniture retailers to industrial and robotics companies. Kapas summarizes LexSet’s strengths: “We’re good at recognizing and describing objects in images and real-time space, and if there’s no sufficient data to train with, we create it. Unlike other approaches, LexSet has developed a novel technique of creating photorealistic synthetic data from 3D CAD to yield infinite amounts of training data for ML.” In his winning pitch, Karpas stated “accurate object identification is a foundational technology for the mixed reality industry. It must be solved for across every application in the ecosystem— as quality user experience, and ultimately product adoption, will only occur for apps that can seamlessly understand and interact with the environment around them.”

This is a particularly exciting inflection point for the industry, as the forces of 5G, AI, and XR are converging; driving an explosion of new innovative products and use cases. AWE has been described by Forbes contributor Charlie Fink as the mixed reality industries ‘Most Essential Conference’, as the event “bridges the gap between technology and the human experience.” The event’s production is lead by Ori Inbar & Tom Emrich of Super Ventures, with supporting producers including AugmentedReality.org, BrainXchange, Prospera, & Radius Group.

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