“In their own words” is a series of interviews with some of our alumni about the stage they were when they joined our programme and where they are now.
Today, we are joined by Pavel Konečný the CEO of Neuron Soundware, which recognise broken machines using sounds and machine learning.
At what stage were you when you applied for StartupYard?
This was in 2016. We had many ideas and a few lines of code and that’s about it. The idea to apply the technology to machines came during the programme and the company was incorporated then. I was the only member of three, who was full-time dedicated to the company.
At what stage are you now?
We recently closed our Series-A. Multiple customers are using our technology. I would call our company as being in the scale-up phase now as we are looking to expand rapidly.
How much money have you raised since leaving StartupYard?
We raised 600k EUR within one year of leaving the program. Two years later, we raised 5.45m EUR.
How many jobs have you created so far? What kind of jobs?
The team is now composed of more than 25 people. We have experts in AI, IoT and we are now hiring our new, but badly needed, international sales team.
What has been the most challenging experience when growing the company?
We were quite good with finding customers. So it would be finding the right people to work with us. Not only with good CVs, but with real skills and also commitment.
What are you the most proud of so far?
We started with focus on the algorithms. Our expectation was that OEM would integrate the necessary hardware such as sensors. However that was a wrong assumption. So we pulled out our sleeves and entered the hardware business. How hard it could be, right? Quite a lot, in fact! So now I am proud of our nBox – an edge computing capable industrial IoT device.
How did StartupYard help you?
We have learned many very useful skills. However the most important for us was finding our business field. We had many options how to use our technology. The team of mentor helped us to identify what we wanted to do.
What would you say to someone who hesitates to apply for our next program?
It’s worth it! I recommended it several times during the last few years. I am glad that all the teams, who have joined StartupYard, are happy alumni too!