MIT Enterprise Forum Pan Arab
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OptiStructure

OptiStructure

Construction and Engineering

United Arab Emirates

Still operating

Launched in 2020

Competition

Competition

Rank

Rank

Track

Track

Arab Startup Competition Fourteenth Edition 2021

Finalist

Startups Track




Competition

Arab Startup Competition Fourteenth Edition 2021: Startups Track - Finalist

Description

OptiStructure is an AI-based solution for the Construction Industry. The way this works in a general way is that once architects complete their designs, the structural engineers take on these drawings to perform studies. Structural engineering (SE) study is the methodical investigation of the stability, strength and rigidity of structures. The objective of structural design is to produce a structure capable of resisting all applied loads without failure during its intended life. Structural engineers use various software solutions (same as the architects use Autocad for example) such as ETABS, SAP2000 etc. After the structural engineers finish their study, OptiStructure connects to their software, takes input/output model and optimizes it against any objective. Most frequently the optimisation is done against construction cost. So far the minimum optimisation achieved by our solution is 8% and the maximum 27%.

Team members

Nikolaos Fotilas / Chief Financial Officer (CFO)
Nikolaos Kallioras / Chief Technology Officer (CTO)
Chara Mitropoulou / Co-founder
Stavros Chatzieleftheriou / Chief Operating Officer (COO)
Nikos D. Lagaros / Advisor
Rob Salafia / Co-founder
Aris Sophocleous / Co-founder
Estefany Montoya / Sales Representative
Saiju Siddeeq / Sales Representative
Wisnawan Bayuadi / Sales Representative
Hakim En-aji / Sales Representative
Riad Meddahi / Sales Representative
Stergios Aleiftiras / Business Development
Karolina Athanasopoulou / Business Development
Stefanos Sotiropoulos / Developer/Programmer
Giorgos Kazakis / Designer
Thanasis Stamos / Developer/Programmer

Reach out

Funding

  • 2020 - EU/University Grant - $300,000
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