Overview

Kinetic enhances workplace safety by providing a wearable device called Reflex, which is designed to alert workers about high-risk motions that could lead to injuries. This device is worn on the hip and helps prevent accidents before they occur, making it particularly useful for frontline workers in industries like manufacturing, logistics, and healthcare. Kinetic differentiates itself from competitors by combining hardware sales with a subscription-based software platform that offers detailed safety analytics, allowing companies to track and improve their safety performance. The goal of Kinetic is to significantly reduce workplace injuries and lost workdays, ultimately leading to a healthier workforce and lower costs associated with workers' compensation claims.

Simplify's Take

What believers are saying

• Growing industrial wearable market with 15% CAGR by 2027 boosts Kinetic's prospects.
• Partnership with Nationwide offers new revenue streams through IoT-based insurance.
• Shift to 'just in case' inventory strategies increases demand for safety solutions.

What critics are saying

• Increased competition may impact Kinetic's market share in the wearable sector.
• IoT-based insurance policies may face regulatory challenges, affecting partnerships.
• Sustainability trends may raise production costs for Kinetic's products.

What makes KINETIC unique

• Kinetic's Reflex device reduces workplace injuries by 50-60%, enhancing safety.
• The device provides real-time alerts for high-risk motions, preventing accidents.
• Kinetic's dual revenue model includes hardware sales and subscription analytics services.

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Funding

Total Funding

$25.4M

Above

Industry Average

Funded Over

3 Rounds

$11,250,000

Series A

Nov 2020

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.

Series A Funding Comparison

Below Average

Industry standards

Ind Avg. $15M

$3.7M

$5M

$8.2M

$11.3M

$15M

$100M

View all funding stages