Cornerstone HK is proud to support Insight Robotics, one of HK’s top 5 startups as seen in the recent SCMP article on 13 April 2015.
We have been able to support the business by providing consulting advice on both operational, financial and management accounting matters.
Congratulations Insight Robotics!
Hong Kong-based firefighting robot firm Insight Robotics has developed a wildfire detection system combining thermal imaging and artificial intelligence technology to spot fires. Insight Robotics’ systems are already in use in five provinces and seven cities across mainland China. The company was founded in 2009 and announced in November it had secured US$2 million in Series A funding from investors including Bright Success Capital, and Caldera Capital Partners.
Adrian recommends that Startups & SMEs need to be disciplined from the beginning in terms of their finances: To get their administration and accounting sorted out.
“Not only are the financials important to external investors … but savvy investors also want to find out whether or not control processes within the startup is actually solid”
Cloud-based software such as Xero can assist with these issues.