Kinetic, a NYC-based company providing wearable technology that fosters safe environments for the industrial workforce, raised $11.25m in Series A funding.
The round was led by Crosslink Capital with participation from Primary Ventures and Nationwide’s venture capital team and new investors Prologis Ventures, the venture capital arm of Prologis, and Ubiquity Ventures.
The company intends to use the funds to grow and scale its engineering, sales and marketing teams and support the development of the second generation of its Reflex wearable device.
Founded in 2014 by CEO Haytham Elhawary, Kinetic provides wearable technology and a software analytics platform that helps reduce workplace injuries and protects workers from COVID-19. A discrete smart wearable that is worn on belts or waistbands of industrial workers, Reflex automatically detects unsafe work postures and provides users with real-time feedback to reduce injuries and improve work habits. Customers include companies in the retail, logistics and manufacturing industries, including 6 of the Fortune 50.
FinSMEs
11/11/2020