introduction

Video streams from drones, dash cams, and camera-based AI often face visibility issues due to fog, rain, snow, or low illumination, limiting the effectiveness of computer vision. Our disruptive technology significantly improves visual clarity even in very adverse conditions, overcoming these limitations.

Lolaark Vision Inc. develops innovative software for restoring visibility in live video streams. Our state-of-the-art technology was invented by two mathematicians, Prof. Emanuel Papadakis and Dr. Sanat Upadhyay, after extensive research at the University of Houston in TX, USA. This technology benefits vehicle operators and automated navigation systems by identifying risks on land, in the air, or underwater. We are proud to be one of the first live video processing app to receive "New Technology Qualified" recognition from the American Bureau of Shipping, a prominent authority on sea-worthiness. This confirms our ability to enhance camera vision clarity in low-visibility aquatic environments. 

WHAT SETS US APART FROM OTHERS 

Lolaark Vision's technology revolutionizes industries and prevents accidents by improving visibility for autopilots and human operators. Our software is not a luxury but a crucial advancement in live video stream restoration, seamlessly integrating cameras with AI-powered systems. As these systems become more prevalent, our technology provides necessary visual clarity beyond normal capabilities, enhancing accuracy and reducing hidden risks.

  • All startups have some new idea or a business appraoch to bring to the market. A few companies market successful technological or radically innovative products, services or business models. Lolaark Vision introduces a scalable, entirely novel, mathematically sophisticated, transformative solution to the long-time recognized problem of cameras going literally blind when visibility is poor or illumination is inadequate.
  • We have very few competitors - they mostly rely on addressing the same problem with statistical methods from the 90s that are inadequate for very poor visibility. Unlike our competitors, we have an active research team led by our CEO who is a mathematician with worldwide recognition and publications.
  • Lolaark Vision’s video Clarifier solution is designed in a way that can be integrated into multiple different applications that only started to emerge, such as delivery drones and car autopilots.
  • AI-vision goes blind when cameras face adverse visibility conditions they can’t overcome. Lolaark Vision’s tech works synergistically to give the clarity they need to work up to their design capabilities.
  • Two years after our previous CF campaign, we started sales of the Clarifier, the only CERTIFIED product in the market by the American Bureau of Shipping for harsh visibility conditions, designed for the new generation of underwater robots with IP cameras.

problem

Shades, low light, glare, strong headlights, fog, heavy rain, and murky water often reduce camera visibility, thus increasing the probability of error. As our lives and operations become increasingly machine-dependent and human vision is gradually being replaced or complemented or replaced by camera vision and AI, the room for error becomes all the smaller. Here are just a few examples:

  • Autopilots for self-driving cars and autonomous land vehicles
  • AI-camera-based security and surveillance systems (such as face and object recognition systems)
  • Drones and helicopters that often need to fly in poor or suddenly changing visibility
  • Underwater robots and divers carrying out structural safety inspections in inland water bodies or river ports

solution

The technology we developed clarifies live video streams and images across a wide range of conditions and cameras, including both visible and infrared spectrums.

It can be implemented in real-time applications on graphics cards, FPGAs, mini computers, and even gamer laptops. In trials conducted for the American Bureau of Shipping, our first product, the Clarifier, improved video clarity by an average of 110%. This exceptional performance gives us a strong advantage in

  • Underwater robot and submersible industries, ROVs/AUVs for the underwater inspections industry serving maritime, oil and gas, and civil engineering. Currently, in North America, the size of this market is valued at 482.61 million by the end of 2023 with a CAGR of 7% 
    and in other short and mid-term market opportunities.
  • Delivery and security drones have a CAGR of 24% (Amer. Journal Of Transportation, as of Mar 2023).
  • Self-driving car camera navigation systems and autonomous land vehicles. The global autonomous vehicle market was valued at $76.13 billion in 2020 and is projected to reach $2,161.79 billion by 2030, registering a CAGR of 40.1% from 2021 to 2030.
  • Smart AI-powered cameras and security cameras: AI Camera Market is expected to reach USD 21.58 Billion by 2025 at 23.8% CAGR.
  • It also is designed to achieve high restoration clarity for a great variety of visibility and operating conditions. In a trial performed for the American Bureau of Shipping we improved video clarity by 110% on average. This unique level of performance may provide us with a strong foothold in multiple markets.

Soon to follow Clarifier ROV for Blue Robotics, Siddus and other IP cameras commonly used in ROVs and deep sea unmanned submersibles.

business model

Our tech plans to directly or indirectly meet the needs of vast numbers of people. It is primarily designed for commercial use as a component of other commercial products.

The future planned primary source of income is royalties for the use of our tech. It is meant to be used either as a standard feature or an add-on preprocessing plugin, and it enhances the performance and accuracy of camera systems in challenging visibility conditions beyond operational limits. Direct sales of our Clarifier are anticipated to be limited to underwater robots, and this is our current revenue line. The planned royalty lines may be developed once we have adopted the technology of the Clarifier for nano GPUs and FPGAs to allow deployment for drones and AI-powered cameras. We want all processing to be done on the camera side.

Within this framework, our main revenue stream is planned to come from royalties collected from these other companies operating in the aforementioned verticals.

success to date

July 2021: Formation of Lolaark Vision Inc. 

July 2021: Lolaark Vision Real-time Video Clarifier working at 720p and 24 frames per sec. This is our functional prototype.

July 2021: Lolaark Vision Off-line Video and Still Image Clarifier for Saved Video up to 4K and Still Photos.

September 2021: First Crowdfunding campaign starts on the StartEngine platform.

May 2022: Our MVP Lolaark Vision Real-time Video Clarifier working at 1080p and 30 frames per second is ready for testing.

August 2022: We submit the Lolaark Vision Real-time Video Clarifier for New Technology Qualification consideration.

September 2022: Our Crowdfunding campaign on StartEngine closes – we raised about $340K.

March 2023: The American Bureau of Shipping issues a technology maturity letter for the Lolaark Vision Real-time Video Clarifier. ABS declares the LV technology as qualified for remote inspection technologies.

April 2023: USPTO Provisional Patent Application filed.

July 2023: Started sales of the Clarifier for underwater drones. The first copy of the Clarifier installed for Poseidon Robotics Lanai Pro ROV. 

August 2023: Clarifier for Blue Robotics ROVs

team

Emanuel Papadakis, Ph.D
President, Treasurer, and Director
Papadakis is a Professor of Mathematics at the University of Houston in Houston, Texas. He has over 22 years of experience in applied mathematics. His area of research includes image and video processing, computer vision, deep learning, neuroscience imaging with an emphasis on the synaptic network, and statistics. Professor Papadakis is the second inventor of the technologies of Lolaark Vision. So far, Papadakis has been the mentor of six Ph.D students.

Sanat Kumar Upadhyay, Ph.D.
Vice President, CTO, and Director
Sanat Kumar Upadhyay is the primary inventor of the technologies of Lolaark Vision, which he initially formulated as part of a research project with co-inventor Prof. Emanuel Papadakis. He later headed our team in successfully translating the work into commercial prototypes. He has 11 years of research and development experience in applied mathematics, computer science, software development, and microscopy, which gives him a very strong multidisciplinary background.
Randy Gagnon
Secretary and Director
Randy Gagnon is one of our domain experts in the field of marine operations. He is the CEO of a successful company serving the maritime industry, theTexas Commercial Diving Inc. TCD is a business leader in the Houston-Galveston area for underwater ship repair, propeller polishing, hull cleaning and under water seal replacement for over 30 years. Randy is a professional diver and in this capacity he is one of our in-house experts for the Lolaark Vision prototype's trials in the murky waters.
Dipendra Singh
Director and Advisor
Dipendra K. Singh is a seasoned entrepreneur who has founded and co-founded several successful startups and has immense experience in business development and corporate finance. He is the Founder and owner of INET Business Solutions, Inc, which has become a highly reputed name among attorneys, accounting professionals, and small to medium-sized businesses.

FREQUENTLY ASKED QUESTIONS

What is Lolaark Vision Inc?
Lolaark Vision Inc is a technology company developing innovative solutions that enhance visibility in challenging environments, enabling safer and more efficient operations for several industries. The company was founded by two mathematicians, Prof. Emanuel Papadakis, and Dr. Sanat Kumar Upadhyay, in 2021. Our cutting-edge technologies have garnered recognition for their ability to improve clarity and provide real-time video enhancement in low-visibility conditions.
What does Lolaark Vision Inc. specialize in?
Lolaark Vision Inc. specializes in developing software for live video stream visibility restoration. Our technology enhances visual clarity in challenging conditions such as turbid waters, fog, rain, snow, or low illumination.
How does Lolaark Vision's technology work?
Our software utilizes advanced algorithms implemented on high-performance computing devices like GPUs to restore visual clarity in real-time. By analyzing and enhancing the video stream, we improve visibility and enable operators and AI-powered systems to recognize potential risks more effectively.
What industries can benefit from Lolaark Vision's technology?
Lolaark Vision's technology has broad applicability across multiple industries, including transportation, automotive, aerial drone, maritime, security, and surveillance. Any industry that relies on visual data and encounters challenges related to poor visibility can benefit from our innovative solutions.
Has Lolaark Vision's technology been tested and validated?
Absolutely! We have conducted extensive testing and validation processes to ensure the effectiveness and reliability of our technology. Our software has been tested in real-world scenarios, such as underwater inspections and challenging weather conditions, to deliver exceptional results.
How does Lolaark Vision's technology contribute to safety?
By enhancing visual clarity, our technology helps operators and automated systems navigate safely in challenging visibility conditions. It minimizes the risk of accidents caused by reduced visibility, ensuring safer operations and reducing the potential for human error.
Is Lolaark Vision's technology compatible with existing camera systems?
Yes! Our software is designed to integrate seamlessly with various camera systems, including drones, dash cams, and AI-powered devices. We prioritize compatibility to provide a flexible solution that can be easily implemented across different platforms.
What sets Lolaark Vision apart from other similar technologies?
Lolaark Vision stands out due to its cutting-edge algorithms, extensive testing, and recognition from the American Bureau of Shipping. Our commitment to delivering exceptional visual clarity and our focus on safety makes us a trusted choice in the market.
Why should I invest in Lolaark Vision Inc?
Investing in Lolaark Vision Inc. offers a unique opportunity to be part of a cutting-edge technology company poised for success. Our revolutionary software addresses the critical need for visual clarity in challenging conditions, with applications in various industries. Backed by recognition from the American Bureau of Shipping, our innovative solution has the potential to disrupt markets and save lives. By investing in Lolaark Vision, you join us in shaping the future of visual recognition systems and capitalizing on the vast growth potential of this thriving industry.

Use of Proceeds


If the offering's maximum amount of $550,000 is raised:

UseValue% of Proceeds
Operating cost$15,0002.7%
Accounting and legal fees$13,0002.4%
Product development cost$300,00054.5%
Research projects$92,25016.8%
Marketing expenses and tech shows$55,20010.0%
Certification fees$20,0003.6%
Executive compensation$27,6005.0%
Intermediary fees$26,9504.9%

Terms

This is an offering of Common Stock, under registration exemption 4(a)(6), in Lolaark Vision Inc.. This offering must raise at least $10,000 by November 30, 2023 at 11:59pm ET. If this offering doesn’t reach its target, then your money will be refunded. Lolaark Vision Inc may issue additional securities to raise up to $550,000, the offering’s maximum.

If the offering is successful at raising the maximum amount, then the company’s implied valuation after the offering (sometimes called its post-money valuation) will be:

8,009,544 shares
×
$2.50 per share
$20,023,860implied valuation

Financials

These financial statements have been reviewed by an independent Certified Public Accountant.

CPA review letter

SEC Filings

The Offering Statement is a formal description of the company and this transaction. It’s filed with the SEC to comply with the requirements of exemption 4(a)(6) of the Securities Act of 1933.

We’re also required to share links to each of the SEC filings related to this offering with investors.

Understand the Risks

Be sure to understand the risks of this type of investment. No regulatory body (not the SEC, not any state regulator) has passed upon the merits of or given its approval to the securities, the terms of the offering, or the accuracy or completeness of any offering materials or information posted herein. That’s typical for Regulation CF offerings like this one.

Neither Netcapital nor any of its directors, officers, employees, representatives, affiliates, or agents shall have any liability whatsoever arising from any error or incompleteness of fact or opinion in, or lack of care in the preparation or publication of, the materials and communication herein or the terms or valuation of any securities offering.

The information contained herein includes forward-looking statements. These statements relate to future events or to future financial performance, and involve known and unknown risks, uncertainties, and other factors, that may cause actual results to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties, and other factors, which are, in some cases, beyond the company’s control and which could, and likely will, materially affect actual results, levels of activity, performance, or achievements. Any forward-looking statement reflects the current views with respect to future events and is subject to these and other risks, uncertainties, and assumptions relating to operations, results of operations, growth strategy, and liquidity. No obligation exists to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

More Info

Updates

  • Sep 25, 2023
    Filed Form C/A
  • Sep 21, 2023
    Our first product for underwater robots is now...

    Our first product for underwater robots is now available for one of the biggest families of robots, the Blue ROVs of Blue Robotics. Blue Robotics introduced the inexpensive ROV business model that stormed the market. We currently secured one distributor for this product and we are working with other ROV and ROV camera manufacturers to make the Clarifier available as an add-on product for their cameras. We will be happy to tell you more about the marketing of the Clarifier in our Saturday Virtual Coffee and Cookies.

    To join us for the Saturday coffee and cookies click the link “Join on the Web”. When: Saturday, Sept. 23rd, starting at 1130AM Central US time, 930AM Pacific time. Use Meeting ID: 261 337 090 045 Passcode: seifu7. Input these after you hit the link below.

    Join on the webblue-rov-3d.png
  • Sep 17, 2023
    Meet us next Saturday online for coffee and...

    Meet us next Saturday online for coffee and cookies: September 23, 2023 11:30 AM – 12:30 PM Central time, 9:30-1030AM Pacific time Join on your computer, mobile app, or your web browser (this is the option join on the web)

    Meeting ID: 261 337 090 045 Passcode: seifu7

    If you have the MS Teams app installed then use the following URL: https://teams.microsoft.com/l/meetup-join/19%3ameeting_Y2Q1ZmFhYzAtZGM3OC00NmZkLWI3OWItZmVhMjdkNDNhMjc1%40thread.v2/0?context=%7b%22Tid%22%3a%2203291d34-68d9-419d-a3b7-f983c444fff2%22%2c%22Oid%22%3a%2241d4fc56-997f-499b-aa6e-9e286cfb44f0%22%7d

    If you are unfamiliar with Microsoft Teams please take the following steps please use the option “Join on the web” by hitting the link below.

    Then, enter the meeting ID and password from above. Then hit the button “Join the meeting” and you will be in. You can choose to switch on your camera/microphone. You can also use the chat with us.

    Join on the webvlcsnap-2023-09-16-12h24m18s003.png
  • Sep 5, 2023
    Our online meeting is on Microsoft...

    Our online meeting is on Microsoft Teams. Microsoft Teams meeting

    Join on your computer, mobile app, or your web browser (this is the option join on the web)

    Meeting ID: 289 949 994 265 Passcode: bfjSVn

    If you are unfamiliar with Microsoft Teams please take the following steps please use the option “Join on the web” by hitting the link below. Then, enter the meeting ID Meeting ID: 289 949 994 265 and then the Passcode: bfjSVn. Then hit the button “Join the meeting” and you will be in. You can choose to switch on your camera/microphone. You can also use the chat with us.

    Join on the web
  • Sep 5, 2023
    Morning Online Coffee and Cookies with the...

    Morning Online Coffee and Cookies with the Lolaark Vision Team

    Saturday, September 9, 2023 10:30 AM – 11:30 AM

    Come join us for a discussion our ongoing campaign and the start of our marketing campaign for the underwater video Clarifier and future plans. If you are interested in our campaign or you have questions this is a perfect opportunity to discuss those with us and meet and greet other fellow investors.

    Join the Online Coffee and Cookies with the Lolaark Vision Team
  • Sep 1, 2023
    We recently received an investment from a lady...

    We recently received an investment from a lady who was kind to share her motivation with us. We want to share it with you. “I drive to work at night I can relate the problem, this invention is promising hopefully before I retire I can use this now, it would be a great peace of mind when driving at night. Can you help in some way? I’m investing for the good of all people esp seniors with eye problems by then, let us support.” She really hit the nail on the head. I also drive at night and like all other older people led-powered headlights blind us. WE ARE HERE RAISING CAPITAL BECAUSE THIS IS ONE PROBLEM WE WANT TO SOLVE. We plan to install our tech on 4K dash-cams with a cell phone-like display on the back where the clarified picture, head-light free will be shown. This is a device that can help at night time, or during rain, storms, fog, or even smoke.

    WE CANNOT DELIVER THIS PRODUCT WITHOUT YOUR HELP. BUT WITH ENOUGH INVESTMENT WE CAN BRING IT TO THE MARKET IN LESS THAN TWO YEARS

    Snapshot_11.png
  • Aug 20, 2023
    One fun video Driving in early morning fog on...

    One fun video Driving in early morning fog on January 1st 2023. I drove to gather some test data for Lolaark Vision. Our real-time enhancer gives the right panel. Not ready for cars yet unless they carry a laptop just like emergency vehicles. Watch the video.

    Watch the video
  • Aug 11, 2023
    The Clarifier ROV by Lolaark Vision cleans up...

    The Clarifier ROV by Lolaark Vision cleans up the view of your ROV’s live video stream in murky water. We just installed the first copy in a mini HP desktop, the G9 Elite mini with an NVDIA RTX 3050 GPU. The installation is for one Lanai by Poseidon Robotics LLC. The Clarifier ROV works with up to 1080p video and up to 30 frames per second depending on the GPU strength and PC RAM. We can customize it for all IP cameras with UDP and other protocol connections. We customize two cameras at this point but more will come: The Mission Robotics camera the Lanais carry and the classical Blue Robotcs camera. The Clarifier ROV shows one display only, the clarified and enhanced video. The product has been certified by ABS for low-visibility environments. The picture below is from OTC 2023. A Lanai was splashing the water in the display tank. We filmed it outside the tank with the Blue Robotics cameras. Here you see the two panels of the conventional Clarifier, original left, right enhanced.

    Invest NOWsnapshot1683062202679.png
  • Jul 6, 2023
    Filed Form C/A
  • Jul 4, 2023
    HAPPY 2ND BIRTHDAY LOLAARK VISION What we have...

    HAPPY 2ND BIRTHDAY LOLAARK VISION

    What we have accomplished

    Previously $340k raised through crowdfunding

    Featured in Business Insider (Markets) & Digital Wildcatters

    USPTO Provisional Patent Application filed in April 2023

    Issued maturity letter from American Bureau of Shipping

    The first product, the Clarifier for underwater robots is being released this month with the first delivery set for July 27th

    Main Goals for Years 3 and 4

    Expand client base in the underwater robot market Turn profit in 2024 Develop the product for aerial drones and find drone camera partners to market the product under license. Go for a Reg A+ capital raise to penetrate the self-driving car market. This will be the first opportunity for investors to sell stock

  • Jun 30, 2023
    When one drives in the night animal encounters...

    When one drives in the night animal encounters are scary. None of us wants to have an accident with an animal victim. Watch in the video how the cat crossing becomes noticable on the enhanced panel. If you feel the video is long scroll froward to minute 1:00 and watch for 1 min. 30 sec.

    Watch Now
  • Jun 22, 2023
    Artificial intelligence really needs no...

    Artificial intelligence really needs no introduction. How much can you trust it for driving your car? As a researcher in the field of Image analysis with our in combination with AI methods, I would say it is still too early. AI and self-driving capabilities can help you but cannot replace you. enriching the training of AI systems is not always the answer. But self-driving capabilities will soon be truly realized. I use ‘soon with two grains of salt. Lolaark Vision envisions playing a significant role in this emerging technology. I found this video on YouTube. I like it and I decided to offer a more engineering version of it. I hope that you will like it.

    Watch Now: How self-driving are self-driving cars?
  • Jun 14, 2023
    Our first product the Clarifier for HD-SDI...

    Our first product the Clarifier for HD-SDI cameras is now ready for IP cameras. The first company to feature the Clarifier as an optional add-on is Poseidon Robotics. The first delivery is scheduled for July.

    poseidon-chirstine-testimonial.jpg
  • May 17, 2023
    Lolaark Vision in the Offshore Technology...

    Lolaark Vision in the Offshore Technology Conference 2023 Exhibition. The exhibition opened on May 1st, a day before the official opening of our campaign on this platform. We shared a booth with our partner company Poseidon Robotics LLC which is a manufacturer of underwater robots. We had the opportunity to talk to a good number of visitors to our booth who were interested in underwater robots. So we had the opportunity to introduce to them The Clarifier 1.0, a product they said are looking for. Today we want to introduce you to those underwater robots. These robots are remotely operated and connected to the surface via an optical fiber tether. they can go deep and have a good operational distance from the surface operator control point. Please watch the short video. We are interested in deploying our tech on these robots because they have the strength and capabilities of some of the more expensive robots in the market but they are a lot more affordable.

    Watch NowIMG_20230502_143039523_HDR.jpg
  • May 9, 2023
    Primary offering of 220,000 shares at $2.50
  • May 9, 2023
    Filed Form C

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