The Kinetic team is on a mission to create the safest workplace for the frontline workforce has a patented wearable device, called Reflex, which sits on the wearer’s hip and alerts them when they perform a high-risk motion which could lead to an injury. Our wearable technology has been deployed to tens of thousands of industrial workers at some of the leading Fortune 500 firms, and has been proven to reduce injuries by 55%.
Kinetic has been selling devices to large self-insured organizations for several years with customers ranging from Pepsi to Home Depot; and, starting in 2022 Kinetic has partnered with Nationwide to sell Workers Compensation insurance (where insured companies get our technology for free as part of their insurance policy).
At this stage, Kinetic has approximately 45 employees across groups ranging from software development to enterprise customer success to distribution for insurance. We have raised $21M from top VC firms and partners like Crosslink Capital and Primary Ventures; and, we have strategic investors such as Nationwide and Prologis.
Kinetic has been around for 6 years, and is starting to grow quickly due to the rapid growth in both its insurance product offering and enterprise sales. Kinetic has 10x’d revenue in just 2 years, and we are on pace to 20x revenue by the end of 2022, when compared to 2019.