What is Kinetic?
Kinetic develops advanced technology designed to help workers identify and prevent movements and activities that lead to workplace injuries. Headquartered in New York City, the company employs approximately 40 individuals across the United States and Canada. Their innovative solutions are crucial for industries where physical strain is a significant concern, aiming to reduce injury rates and improve worker well-being through technological intervention. The company's focus on preventative measures positions it as a key player in occupational health and safety technology.
How much funding has Kinetic raised?
Kinetic has raised a total of $11.3M across 2 funding rounds:
Series A
$8.3M
Debt
$3M
Series A (2020): $8.3M with participation from Primary Ventures, Prolog Ventures, Nationwide, Crosslink Capital, and Ubiquity Ventures
Debt (2020): $3M, investors not publicly disclosed
Key Investors in Kinetic
Primary Ventures
Primary Ventures Inc. is a company focused on enhancing user experience through website optimization, likely targeting businesses seeking innovative digital solutions.
Prolog Ventures
Prolog Ventures is a venture capital firm that invests in startups dedicated to promoting healthy living and sustainability, supporting businesses in the health and wellness sector.
Nationwide
Nationwide is a diversified insurance and financial services organization that provides a full range of insurance and financial services, including retirement plans, annuities, and mutual funds.
What's next for Kinetic?
With the recent major strategic investment and substantial total funding, Kinetic is poised for significant expansion. This capital infusion is expected to fuel further technological development, enhance market penetration, and potentially broaden the company's service offerings. The enterprise-level funding suggests a focus on scaling solutions for larger organizations, indicating a strategic push towards widespread adoption and impact in reducing workplace injuries. Future growth will likely involve strengthening partnerships and refining their technology to meet evolving industry demands.
See full Kinetic company page
