Eight "digital reality" start-ups win opportunity to advance manufacturing
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Eight "digital reality" start-ups win opportunity to advance manufacturing

COBHAM, England, Nov. 3, 2022 — (PRNewswire) — Eight of the most innovative manufacturing start-ups from across the globe have been announced by manufacturing leader Hexagon as the second cohort of the Sixth Sense open innovation platform.

The selected start-ups were invited to pitch by Hexagon's Manufacturing Intelligence division from more than a hundred creative and forward-looking companies that responded to this year's challenge searching for solutions in Visualisation & Digital Reality and Intelligence & Automation, and were whittled down to only those who could demonstrate the most innovative solutions.

Each candidate has developed a unique approach to some of the most pressing manufacturing issues of today, targeting skills shortages, inefficiency, and greater sustainability through the challenge's themes of harnessing metaverse-like digital reality and automation. Under Sixth Sense, they will be given access to Hexagon's hard-won market insight, garnered through decades of working with blue chip technology leaders, and through that fast-track their solutions to commercial success.

Hexagon's Manufacturing Intelligence division is a digital reality solutions giant, whose technology touches 95% of all cars, 90% of all aircraft and 85% of all smartphones produced each year. Hexagon set up the Sixth Sense platform earlier in this year to advance some of the cutting-edge technology that is produced by manufacturing start-ups each year; technology that can fails to take off due to lack of opportunity rather than lack of sophistication. Sixth Sense offers them access to business insight, proximity to experts and technologies that can be used to iterate and improve their solutions, as well as exposing them to Hexagon's global customer and partner base, which includes names like Audi, NASA, Microsoft and Boeing.

The eight start-ups are:

Parth Joshi, Chief Product and Technology Officer of Hexagon's Manufacturing Intelligence division, said: "A truly successful ecosystem needs excellence at all levels and that's what we're trying to achieve here. Today's market is more competitive than ever, and even good ideas can get lost if all the dominos don't line up. Sixth Sense is designed to pinpoint emerging opportunities for greater innovation, and mature it by giving these companies access to resources and customers that they otherwise may not get in time. By making sure the determining factor for growth is quality of idea, not chance, we can progress the industry as whole."

Milan Kocić, Head of Sixth Sense, Hexagon's Manufacturing Intelligence division, said: "Following on from the success of our first cycle, I am excited to see how this cohort will develop over the next ten weeks. Digital reality and automation are our bread and butter, but part of the Sixth Sense mission is to function as a mutual exchange of value. We are looking forward to learning as much from these nimble young companies as they will from us – with our market know-how and technical heritage, and their agility and dare-to-fail culture, I think we can create real magic."

Each company will now undergo 10 weeks of mentoring, product refinement and focus group opportunities with key experts. The programme will close with a pitching competition in February 2023, which will see each start-up pitch their company and progress made under Sixth Sense to a panel of judges representing tech-specialists, investors and Hexagon experts. Two or more winning start-ups will be selected and receive access to Hexagon's customer base to help improve their processes, whilst globalising their advanced solutions.

Learn more at https://sixthsense.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 23,000 employees in 50 countries and net sales of approximately 4.3bn Euro. Learn more at hexagon.com and follow us @HexagonAB.

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SOURCE Hexagon Metrology Services Ltd

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Company Name: Hexagon Metrology Services Ltd
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