KINETIC Inks $11.25 Million Series A Round

KINETIC, the company providing wearable technology that fosters safe environments for the industrial workforce, today announced that it has secured an $11.25 million Series A funding round led by Crosslink Capital, which had previously invested in the company. The new investment will help KINETIC grow and scale its engineering, sales and marketing teams and support the development of the second generation of the KINETIC Reflex wearable device.

Crosslink Capital, Primary Ventures and Nationwide's venture capital team were joined in the KINETIC Series A round by new investors Prologis Ventures, the venture capital arm of Prologis, the global leader in logistics real estate, and Ubiquity Ventures, a venture firm focused on companies that bring "software beyond the screen."

KINETIC provides wearable technology and a software analytics platform that helps reduce workplace injuries and protects workers from COVID-19. To date, tens of thousands of workers have worn the product in hundreds of facilities all around the world with a 54% reduction in workers' compensation claims costs. Customers include companies in the retail, logistics and manufacturing industries, including 6 of the Fortune 50. KINETIC was founded in 2014 and is headquartered in New York. Learn more at https://wearkinetic.com/.