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Kambria

Kambria is a decentralized platform for robotics development. At the heart of Kambria is the codebase. Every piece in the codebase is expressed by KDNA - a modular language that makes it easy to collaborate on hardware and software projects. People can check out the component they need from the Kambria codebase and build on top of it.

Rating: 3.6

Official contacts
Location: N/A
Web-resources:   Whitepaper Website
Social networks: N/A
Product source tracking: N/A
Details Description Risks Full analysis Team

Detailed review

Stage of product development
Alpha version release is planned for May 2018, the Beta Version will be developed by December 2018. The Full release is anticipated in Q1 2019.


Token description
Pre-ICO date
16.05.2018 - 15.06.2018
ICO date
16.06.2018 - 15.07.2018
Token price
Private Sale: 30% discount, 8 month lockup, vested monthly; limit per investor 250K - 1M USD; 12M allocation
Pre Sale: 10% discount, 3 month lockup, vested monthly; 10M allocation
Crowd Sale: no discount, no lockup; 3M allocation
Platform
Ethereum
Hard cap
25000000
Soft cap
12000000
Capitalization of token pool
50000000
Blockchain
Ethereum
Token distribution date
N/A
Consensus method
Proof-of-work
Escrow
N/A
ICO currencies
ETH
Bounty camping
N/A
Markets
N/A
Token functions
Interactions on the platform are facilitated by the Kambria Token (KAT). Its main functions are to enable access to the Kambria platform, reward participation, and align incentives for all stakeholders in the ecosystem. Companies can use tokens to issue bounty challenges which are awarded to projects when fulfilled. Individual or teams are rewarded with tokens for designs or code they contribute. Manufacturers earn tokens through production of robots and robotic parts. Community members use tokens to promote specific projects and fundraise for legal protection of the shared technology. Tokens can also be used to fairly capture the value created by the Kambria platform and sustain the growing community.
Tokens distribution
Token Sale (50.0%)
Robotic Community (20.0%)
OhmniLabs (10.0%)
Kambria Team (20.0%)
Risks
MARKET

Kambria is not the first project aiming to create an AI & Robotics development platform on blockchain. Recently, singularity.net and effect.ai, projects working in the same field, conducted ICOs and raised $36M and $13.5M respectively. Singularity.NET has a team of strong AI specialists and already launch Alpha Version of the product. Botchain by Talla is working in the same area and will soon announce Public token sale.

PRODUCT

The Beta version is not available and will only be released in June - December 2018. The team does not provide a GitHub link to track the progress of development. The team promised to open source and provide complete KDNA for the entire Ohmni robot to jumpstart the development of Kambria. For 9th of May 2018, it has not yet been published. The given roadmap only describes the product development up until Q1 2019 with just 2 milestones.

BUSINESS MODEL

The stated fee size might be amended at the later stages of the product development.

FINANCES

The team will reserve 20% of tokens for itself using vesting scheme. However, this number is comparatively large. The OhmniLabs (which is created by the founders of Kambria) reserves 10% of the tokens, so additional 10% will be held by the core team. The team does not allocate funds for legal issues in its expenses pie chart. The amount of anticipated funds spend on marketing (35%: $4.2M - $12.5M) seems overvalued.

TEAM

All of the co-founders are still employed at Ohnmi Labs - it might be a risk for scaling Kambria. Some of the team members do not state Kambria as a workplace on LinkedIn

Full analysis
Market

Smart Robot Market is forecast to reach $14.29 billion by 2023 from $4.94 billion in 2018 at a CAGR of 23.7% during (2018-2023) driven by the growing adoption of autonomous robots for professional services, emerging technological advancements in the field of robotics, increasing investments toward industrial automation and growing government aid for R&D of AI-enabled robots. The high adoption of robots for personal use, such as companionship and entertainment, is propelling the growth of the AI robots market. Kambria is not the first project aiming to create an AI & Robotics development platform on blockchain. Recently, singularity.net and effect.ai, projects working in the same field, conducted ICOs and raised $36M and $13.5M respectively. Singularity.NET has a team of strong AI specialists and already launch Alpha Version of the product. Botchain by Talla is working in the same area and will soon announce Public token sale.

Product

The product development started in December 2015 with the first Ohnmi prototype deployed. Now, the team is building Kambria Beta and aims to release it by Q3 2018. The given roadmap only describes the product development up until Q1 2019 with just 2 milestones. To jumpstart the Kambria codebase, OhmniLabs will open source and provide complete KDNA for the entire Ohmni robot. The core of the Kambria platform is an open robotics repository comprising of a high-level behavior library and modular hardware components. The repository is designed to maximize reusability and collaboration during robotics development. The Kambria Architecture is made up of five pillars: Codebase (KDNA), innovation marketplace, the manufacturing alliance, value capture, and legal protection. - Kambria DNA (KDNA) is a module management and build system. It crosses hardware, firmware, software, electrical, and mechanical boundaries to directly specify all components and subcomponents of a built robot. - The Manufacturing Alliance will be a collaborative partnership where top manufacturers share knowledge, resources and maintain APIs/standards. The alliance’s common goal is to provide a network of ultra-lean and ultra-fast robotics manufacturing centers around the world. - The value capture mechanism will redistribute fees collected in KAT tokens among community members and the community fund. - The Kambria Fair Use team will protect the collective work of the community by pursuing compliance and enforcement through legal action against free-riders and violators.

Business model

Kambria system will collect fees at each of the 3 value capture points: 1. When a robot is manufactured. 2. When a robot is sold or leased for profit/commercial use. 3. When a robot performs a value-adding task that someone is willing to pay for. For each of the capture points, the Kambria community sets a percentage fair use fee - say 5% at time of manufacture, 5% at time of sale, and 5% of any labor performed. Changes to these fees can be proposed and voted on by the community. All fees are due in KAT. When a value capture point occurs, the fee is enforced either directly by smart contract or the receiving entity is obligated to submit the fees to a smart contract according to the terms of the Kambria license. Fees in the form of KAT tokens are then sent to the Kambria value capture smart contract on chain, and a set of rules handles the splitting. There are three parameters that again can be changed over time, with an estimated initial setting (to be refined through further discussion) in parentheses: 1. Percent returned to entire community (50%) 2. Percent returned to Karma holders as a bonus (40%) 3. Percent held in Community Fund (10%)

Finances

The project Soft Cap is $12M, the Hard Cap is $25M. Selling 50% for public, this gives company valuation in $24M-$50M range, which is compatible with the competitors: Singularity.NET was evaluated around $64M after ICO, effect.ai - $34M. The token price of Singularity.NET doubled since ICO, while effect.ai has 0.9X ROI as of 9th of May 2018. The team will reserve 20% of tokens for itself using vesting scheme. However, this number is comparatively large. The OhmniLabs reserve is created by the founders of Kambria, so additional 10% will be held by the core team. The team does not allocate funds for legal issues in its expenses pie chart. The amount of anticipated funds spend on marketing (35%: $4.2M - $12.5M) seems overvalued.

Team

According to LinkedIn, there are 8 people working at Kambria. Most of the core competencies are covered in the team. The team of co-founders has strong technical and research background with advanced degrees in Computer Science from top-tier schools, such as Stanford and Carnegie Mellon. The previous work experience includes such companies as Google and Microsoft. Also, the founders have previous successful entrepreneurship experience, as well as experience working together in a robotics startup - Ohnmi Labs. The only risk for the team is that all of the co-founders are still employed at Ohnmi Labs - at that might be a risk for scaling Kambria.

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