BYND Cannasoft Enterprises Inc piqued the interest of a few investors Wednesday when the Israeli-based integrated software and cannabis company announced that it plans to enter the multibillion-dollar sextech industry, as its subsidiary filed a US Provisional Patent Application for an additional “smart female treatment device for external use.”
BYND said the new artificial intelligence (AI) based device will be capable of treating “certain phenomena in female sexual organs”.
The company noted the device utilizes AI and machine learning algorithms to control the operational parameters of the device based on the physiological parameters of the user.
It added that the device performs operations including stimulating the sexual organs based on user preferences as well as producing real-time data indicative of the satisfaction level of the user monitored by sensors.
The AI component will collect data on the response to various operation parameters and adjust the user preference data accordingly to provide learning capabilities and fine-tune its operation as it gets to know its user, according to the company.
As well, BYND said the AI has the capability to collect real-time data on the user’s response to varying stimulation patterns, determine lubricant dispensing rate, and determine the sexual climax of the user by using AI and machine learning based on data collected and the previous user’s response.
Bryony Cole, who is considered a leading voice in the burgeoning sextech field, defines sextech as any technology designed to enhance sexuality, which includes, but is not limited to, sex blankets, contraception apps, sex robots, and vibrators.
Sextech is a $30 billion industry today, however, according to an analysis reported by Forbes, the industry should grow to $52.7 billion by 2026 with a huge assist from online sales.
Sextech, it seems, is poised for rapid growth and has the potential to titillate investors for years to come.
Contact Sean at sean@proactiveinvestors.com