Kwik

IoT Solution for Automatic Product Reordering

Business Software
Non Active, Oct 2020
Mature Binyamina-Giv'at Ada Founded 2013
Total raised
$3.0M
Last: Seed 2016-06
Stage
Mature
Founded
2013
Headcount
6
HQ
Binyamina-Giv'at Ada
Sector
Business Software

About

kwik offers an IoT solution that enables automatic ordering based on actual product usage, bringing a new level of convenience and ease of use to consumers. The company is changing the paradigm from user-based ordering, in which the user initiates all orders, to usage-based replenishment. kwiks IoT solution uses sensors and advanced machine learning algorithms to detect usage and calculate inventory levels for consumables such as coffee pods, water, dishwasher and laundry detergents, and more. With kwik, consumers can be assured that they will never run out of their favorite products. Brands and retailers benefit from lower supply chain and delivery costs and increased customer loyalty while gaining valuable real-time statistical data on user habits and engagement. The kwik solution has already been deployed by leading brands and retailers worldwide, delivering proven benefits to consumers, brands, and retailers.

Funding history · 1 round · $3.0M total

2016-06
Seed $3.0M

Sectors & technology

Primary sector
Business Software
Sub-sectors
Business SoftwareSales & Marketing Solutions
Technologies
CommunicationsIOTData StorageCloud
Target customers
Commerce & RetailDistribution ChannelsDirect-to-consumereCommerce PlatformsEnterprise & Professional ServicesSMBs & SMEs
Business model
B2CB2B2C

Highlights

1 Patents

Tags

ecommerceiotsmart-homeorder-managementretailpoint-of-saleconsumersfintechcrmapisdkcloudpayments