Ochy

Company Overview

Founded in 2021, Ochy is a French company (SAS) headquartered in Rennes, dedicated to transforming the way athletes and fitness enthusiasts optimize their running technique. Leveraging advanced AI technology and computer vision, Ochy delivers lab-quality biomechanics analysis through a simple smartphone camera, making high-precision movement assessments accessible, affordable, and convenient.

Our Mission

At Ochy, our mission is to empower individuals to achieve their peak performance while minimizing the risk of injuries. We provide detailed, actionable insights that enable runners to enhance their technique, improve mobility, and select the most suitable running shoes based on their unique biomechanics. Our goal is to democratize access to high-quality sports science and make advanced biomechanics analysis available to everyone, anywhere.

Technology

Ochy’s proprietary technology integrates AI and computer vision to analyze running form in real-time. Our platform captures video footage of athletes in motion and uses sophisticated algorithms to perform a comprehensive biomechanical assessment. Key features include:

• Real-Time Analysis: Delivers immediate feedback on running form, identifying strengths and weaknesses.
• Personalized Recommendations: Generates tailored exercise plans and technique adjustments based on individual metrics such as height, weight, and speed.
• Accessibility: Requires only a smartphone, eliminating the need for expensive, bulky equipment.
• Environmental Impact: Unlike traditional methods that use disposable plastic markers, Ochy’s solution reduces waste by relying solely on video analysis.

Market Validation

Ochy has demonstrated significant market traction and validation through various channels:

• Customer Growth: We have grown to over 1,200 paying clients and 20,000 users, achieving a 30% month-over-month growth rate over the past three months.
• Strategic Partnerships: Secured a contract with the French Federation of Athletics to deploy our technology in 2,300 clubs, impacting 330,000 athletes starting Q3 2024. This partnership is expected to generate €2 million in revenue in 2025.
• Major incoming deals: Adidas has tested and agreed to move forward with Ochy, with contract negotiations underway to roll out our product to adiClub members.
• Ongoing Discussions: We are in active discussions and testing phases with major industry players such as Technogym, Intersport, Runna, and Runmotion.

Business Model

Ochy operates on a scalable B2B SaaS and API as a service model, offering multiple revenue streams:

• API as a Service: Provides seamless integration for running shoe brands, fitness apps, and other partners, starting at €2 per call.
• Mobile and Web App: Targets individual runners, coaches, and physiotherapists with subscription plans starting at €29 per month.

Financial Projections

We are currently raising €1.5 million in seed funding to enhance our AI capabilities and accelerate growth. Our financial projections include:

• 2024: Expected revenue of €150k, driven by our contracts with the Adidas and other partnerships.
• 2025: Targeting €2 million in revenue, with a strong focus on scaling our B2B SaaS model and API services.
• 2026: Projected revenue of €6 million, with continued expansion into new markets and further development of our technology.

Team

Ochy is led by a team of experts with deep domain knowledge and a track record of success:

• Khaldon Evans: Co-Founder & CEO, former athlete with extensive experience in product management and startup scaling.
• Perrine Chapot: Co-Founder & COO, former athlete with a degree in Athletic Training and eight years of experience in biomechanics analysis. Successfully founded and managed a business specializing in biomechanical analysis.
• Victor Dequidt: Co-Founder & CTO, holds a degree in Computer Science with six years of experience in mobile app development and startup founding.
• Benjamin Naiy, PhD: Head of Research, expert in computer science with a focus on AI and biomechanics.

Advisors

We are supported by a strong advisory board, including:

• Ciaran Quinn: Chair, former CCO at Deltatre, with 30+ years of experience in sports and media technology.
• Scott Jablonski: Advisor, with 25+ years of proven leadership across various industries.
• Tai Hsia: Advisor, investor, and mentor to several startups in the health and sports tech sectors.