Solve Math Equations with Camera Phone
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- Q: This is very neat. It seems like a plot to get a six-year old to finally get a smartphone. The question that I have is whether that’s the basis for a standalone business.
- A: We started in the banking sector; we have 14 banks using our technology. We have developed this technology over the past three years, and we are already making money now in the enterprise space.
- Q: What is your fundamental breakthrough?
- A: We created algorithms specifically for mobile devices. We have a product that is called PhotoPay. You scan payment slips. This is the technology that we used to build PhotoMath. PhotoMath goes further when it comes to accuracy and speed. It also showcases our technology.
- Q: Does the technology work on static images?
- A: We use video frames. We combine the OCR results of these consecutive video frames.
- Q: Does it work with handwritten text?
- A: Not yet. It works but it’s quite a difficult problem.
- Q: In PhotoMath, does it show the steps to solve an equation?
- A: Yes, it’s already there.
- Q: Are you charging for the technology?
- A: We provide a free SDK, and depending of the monetization strategy of our partners, it’s a revenue share or a license per year.
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