Category: news

SmartPartsDetector – Optical Parts Recognition using Deep Learning

We’re happy and excited to announce our SmartPartsDetector project is one of the 14 FSTPs to be funded by the SHOP4CF EU project.

Algolysis Ltd and ENGINO-NET Limited have teamed up to design and implement SmartPartsDetector, a new component for the SHOP4CF project that enables manufacturing SMEs of small parts to optically identify their parts by leveraging state-of-the-art convolutional neural networks (CNN). This fundamental capability can then be used to assist and empower humans by devising a wide range of digital tools, e.g. production quality control software, staff training applications, etc.

Start of the EU Innovation Associate Program

We are excited to kick-off our new European Innovation Associate Program PREFAIL (957149) on the 28th of February 2021, and welcome Dr. Marko Krstic to the Algolysis team!

With the assistance of Dr. Marko Krstic, we will study innovative Machine Learning algorithms to extend our cloud-based storage device monitoring service (DriveNest – with robust state-of-the-art failure prediction engine. We believe that reliable identification of soon-to-fail storage devices will be a transformative capability across the ICT sector, as a range of proactive data management and mitigation services can be built on top.

In addition, we look forward to a fruitful collaboration with Dr. Krstic in various other on-going company projects, as well as in the preparation of competitive new projects and ideas in the domains of Machine Learning, Artificial Intelligence, and Cyber Security.

Algolysis work featured in HuffPost

HuffPost talks about our collaboration with Marianne Katsoyannou on the greek COVID-19 dictionary:

We are hiring!

We are seeking an experienced Researcher in Machine Learning (R2/R3) who will lead the development of reinforcement learning methodologies for failure prediction on storage devices monitored by our flagship DriveNest ( platform.

This is a 12-month, Full-time position with a competitive salary and a relocation package supported through the competitive European SME Innovation Associate programme (INNOSUP-02-2019-2020). Subject to performance during the 12-month contract, Algolysis may offer long-term employment to the successful candidate.

Applications’ Deadline: 14th of August 2020

Click here for more details on how to apply.


Download Vacancy as PDF.

Algolysis in MARI-Sense Kick-Off meeting

Proud to present Algolysis Ltd and our current projects to the partners of the MARI-Sense project consortium.

MARI-Sense employs smart management, spatial planning, and agile response measures to help preserve the natural environment, securing society, and ensuring economic growth. Its cognitive systems work in synergy with human operators to “make sense” of the maritime environment.

Find more about the project here:

3D Motion Search Engine proposal successful!

We are very pleased to announce that our project proposal Safeguarding the Cultural HEritage of Dance through Augmented Reality (SCHEDAR) to the JPICH Digital Heritage Call supporting transnational research has been one of the 8 successful proposals! The project has commenced in June 2018 and will run for 3 years. Our role in the project is to develop a motion search engine with the aim of subsequent commercial exploitation. More information can be found on

DriveNest accelerated!

Algolysis Ltd. has secured research and innovation funding through the Ministry of Energy, Commerce, Industry and Tourism of Cyprus for furthering the implementation of DriveNest (, our predictive storage device monitoring service.

We will now be accelerating development, so stay tuned for updates 🙂