Overview

Kisi provides cloud-based access control systems that enable users to manage and secure physical spaces. Their product allows users to control access to doors, elevators, and other entry points through a mobile app, making it ideal for businesses that need flexible security solutions. Kisi's system consists of hardware, such as Kisi Readers and Controllers, installed at entry points, and software that manages access permissions via a mobile app or web interface. This combination offers a comprehensive and user-friendly security solution. Unlike many competitors, Kisi focuses on a subscription model for ongoing access management services, which includes integration with security cameras and Single Sign-On (SSO) providers. The goal of Kisi is to provide a seamless and secure way for various organizations, including corporate offices, co-working spaces, fitness centers, and educational institutions, to manage who can enter their premises.

Simplify's Take

What believers are saying

• Integration with AI-based facial recognition enhances security and user experience.
• Hybrid work models increase demand for flexible access control systems.
• Smart building trends offer expansion opportunities in building management systems.

What critics are saying

• Increased competition from market leaders like Brivo and HID Global.
• Maintaining integration partnerships may require significant resources and technological alignment.
• Rapid technological advancements could outpace Kisi's current product offerings.

What makes Kisi unique

• Kisi offers a unified access control system combining SaaS and IT hardware.
• The company provides cloud-based solutions for managing physical space access via mobile app.
• Kisi's dual approach ensures comprehensive security with both hardware and software components.

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Funding

Total Funding

$3M

Meets

Industry Average

Funded Over

1 Rounds

$50,000

Seed

Sep 2016

Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.

Seed Funding Comparison

Below Average

Industry standards

Ind Avg. $3.3M

$50k

$500k

$1.5M

$2M

$2.3M

$3M