Microblink is a software development company that develops computer vision technology for mobile devices. It is text recognition Technology Company that has been developing a powerful engine for mobile phone cameras for the past couple of years.
"We started developing our technology three years ago. Now, our technology is mature enough, so we are going to develop broader usages with it," Sabol said.
Imagine you are a 14-year-old kid again. You need to do this really difficult math exercise for tomorrow, but have no idea how to do it. What if you could just open an app on your phone, point your camera at your textbook, snap a picture and get the detailed instructions to solve your equation. This is exactly what PhotoMath does.
PhotoMath is a service that lets someone take a picture with their smartphone of a math problem and quickly receive instructions on how to solve it. Since this is the answer to the dreams of many high school math students, it's easy to see who may end up using it.
The service is possible because of other text recognition technology that has been built by Microblink. That text recognition lets PhotoMath determine what the problem on paper is asking and then simple calculations can be completed in the background to provide problem solving instructions.
PhotoMath does not work with handwritten content, but it does work with just about everything else.
The company is based in London and Croatia and hasn't raised any money so far. But now that MicroBlink's technology is mature, the startup is now focused on growth and product updates. But I'm sure it will easily find a ton of hopeless students to try out its new PhotoMath app.