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wearkinetic.com

Founded Year

2015

Stage

Debt | Alive

Total Raised

$17.73M

Last Raised

$3M | 2 yrs ago

About Kinetic

Kinetic is a company that develops wearable devices to reduce musculoskeletal injuries of industrial workers. The company's product can measure the risk of injury of a worker based on lifting posture and activity, and provides feedback to the worker as well as information to the safety manager on how to reduce that risk.

Kinetic Headquarter Location

450 W 33rd Street Floor 12

New York, New York, 10001,

United States

617-480-8200

ESPs containing Kinetic

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTHMARKET STRENGTHLEADERHIGHFLIEROUTPERFORMERCHALLENGER
Fintech / Insurtech

P&C insurers, especially those that write worker compensation policies, can use these devices to better understand the risks workers face on a daily basis. In addition to enhancing worker safety (e.g., by alerting them to factory floor dangers), these sensors can also help insurers gather important underwriting data, like factory foot traffic, in order to more accurately price worker comp policies…

Kinetic named as Leader among 6 other companies, including GuardHat, Triax Technologies, and MakuSafe.

EXECUTION STRENGTHMARKET STRENGTHLEADERHIGHFLIEROUTPERFORMERCHALLENGER
Fintech / Insurtech

IoT technology combines hardware, software, analytics, and cloud platforms to deliver increased visibility into business operations. The resulting improvement in risk management can reduce and prevent losses.

Kinetic named as Leader among 7 other companies, including Augury, Uptake, and Triax Technologies.

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Research containing Kinetic

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Kinetic in 2 CB Insights research briefs, most recently on Aug 10, 2021.

Expert Collections containing Kinetic

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Kinetic is included in 5 Expert Collections, including Supply Chain & Logistics Tech.

S

Supply Chain & Logistics Tech

3,165 items

Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).

W

Wearable Computing

387 items

Wearable computing is broadly defined as companies developing devices worn or placed on the body that are equipped with technology, which can range from wearable medical devices to AR/VR headsets to GPS pet collars.

S

Smart Home & Consumer Electronics

1,086 items

This Collection includes companies developing smart home devices, wearables, home electronics, and other consumer electronics.

A

Advanced Manufacturing

3,273 items

Companies focused on the technologies to increase manufacturing productivity, ranging from automation & robotics to AR/VR to factory analytics & AI, plus many more.

I

Insurtech

127 items

Kinetic Patents

Kinetic has filed 5 patents.

The 3 most popular patent topics include:

  • Occupational safety and health
  • Wearable devices
  • Safety engineering
patents chart

Application Date

Grant Date

Title

Related Topics

Status

6/10/2020

9/15/2020

Occupational safety and health, Accentor-class minesweepers, Wearable devices, Forklift truck manufacturers, Wearable computers

Grant

Application Date

6/10/2020

Grant Date

9/15/2020

Title

Related Topics

Occupational safety and health, Accentor-class minesweepers, Wearable devices, Forklift truck manufacturers, Wearable computers

Status

Grant

Latest Kinetic News

Kinetic Announces Kinetic Insurance in Partnership with Nationwide

Nov 16, 2021

New York, New York, UNITED STATES NEW YORK, Nov. 16, 2021 (GLOBE NEWSWIRE) -- KINETIC, the company providing wearable technology that fosters safe environments for the industrial workforce , today announced a new subsidiary, Kinetic Insurance . Kinetic Insurance, acting as a program manager, and Nationwide’s E&S/Specialty division are entering an underwriting agreement to offer workers’ compensation insurance combined with a technology-driven approach to worker safety to provide one of the first technology-led, proactive policy offerings in the industry. Nationwide, a Fortune 100 insurance and financial services provider, made a venture capital investment in Kinetic in 2020. The new Kinetic workers’ comp offering equips policyholders with wearable technology that is designed to reduce injuries and losses while simultaneously maximizing a policyholder’s safety program and safety culture. Kinetic’s proprietary, patented technology has been verified by actuary firm Perr & Knight to reduce injury frequency up to 50-60% and lost workdays by 72%. Benefits for policyholders include: Technology-led Safety – The patented safety device provides a unique tech-driven approach to reducing injuries and promoting better ergonomics. It helps keep workers safe, improves the safety culture and reduces lost workdays due to injuries. Premium Savings – A reduction in claims leads to an improved experience modification score, which may reduce premium costs. The Kinetic wearable reduces injury frequency by up to 50-60%; less injuries equate to less claims and, in turn, potential premium savings for the employer. Big Company Tech, at No Extra Cost – By offering the Kinetic wearable technology at no extra cost to the policyholder, this new offering brings big company safety culture within the reach of mid-market companies. Employers can gain the risk management benefits of wearable tech within their existing workers’ comp policy budget. Best in Class Services – With insurance from Nationwide, policyholders can enjoy A+ rated paper, best in class claims handling and the peace of mind of working with one of the biggest brands in insurance. “Kinetic Insurance and wearable tech helps businesses keep their workforce safe and save money on their premiums, spending it where it counts,” said Haytham Elhawary, founder and CEO, Kinetic, Inc. “The tech can reduce overall claims costs up to 50% in environments where high strain and sprain injury rates are present.” “Nationwide’s investments in innovative insurance technology companies like Kinetic have given us the opportunity to partner with Kinetic Insurance to bring a truly unique product to the workers’ compensation programs market,” said Heather Schenker, vice president Nationwide E&S/Specialty. “Backed by Nationwide’s strength and stability, this partnership continues our use of technology to help businesses protect their workforce and make smarter safety decisions.” Kinetic creates wearable technology and a software analytics platform for the connected workforce. The smart wearable Kinetic Reflex device reduces the incidence of workplace injuries by automatically detecting unsafe postures and providing workers with real time feedback whenever a high-risk motion occurs. Over time, workers can use Reflex to improve their biomechanics, resulting in fewer injuries and improved well-being. Safety managers can view risk data in the Kinetic dashboard, which can be used to make targeted changes to workplace processes that can help to reduce injury risk further. Availability The Kinetic wearable technology is included at no extra cost with a Kinetic Insurance policy. A commitment is required on behalf of the policyholder to use the technology with their workforce. As an additional incentive, if the policyholder gets to a minimum device usage they have an option to opt into a generous dividend program, which could help them reduce their net premium even further. Policyholders can request quotes for workers’ compensation coverage from Kinetic Insurance appointed agents.

Kinetic Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
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Kinetic Rank

  • When was Kinetic founded?

    Kinetic was founded in 2015.

  • Where is Kinetic's headquarters?

    Kinetic's headquarters is located at 450 W 33rd Street, New York.

  • What is Kinetic's latest funding round?

    Kinetic's latest funding round is Debt.

  • How much did Kinetic raise?

    Kinetic raised a total of $17.73M.

  • Who are Kinetic's competitors?

    Competitors of Kinetic include StrongArm Technologies and 1 more.

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