Overview

Kisi provides cloud-based access control systems that allow users to manage and control access to physical spaces such as doors and elevators through a mobile app. The system includes hardware components like Kisi Readers and Controllers, which are installed at entry points, and a software platform that enables users to set access permissions. This dual approach offers a comprehensive security solution that is easy to use. Kisi differentiates itself from competitors by focusing on flexibility and scalability, making it suitable for various clients, including corporate offices, co-working spaces, fitness centers, and educational institutions. The company's goal is to provide a seamless and secure way for organizations 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