Practix Innovative Workout

IoT Gym Personalization

Business Software
Non Active, Mar 2018
Seed Ra'anana, Israel Founded 2016
LinkedIn
Last updated 2026-06-18
Total raised
$237K
Last: 2017-03
Stage
Seed
Founded
2016
Headcount
1-10
HQ
Ra'anana, Israel
Sector
Business Software

About

Practix develops a connected ecosystem that serves as personalized trainer inside the gym, combining IoT tracking technologies and AI to increase a gym's profitability. Gym members wear Practix's smart bracelet, which identifies equipment and the physical activities performed by the wearer. The bracelet's motion and NFC sensors collect data about the workout and analyze it through Practix's machine learning and pattern recognition algorithms, providing the fitness club with leads about members who want personal training. Gym members can benefit from automatic exercise logging and detailed workout analysis with the AI and regular personal trainer. By personalizing the fitness club experience, the platform can improve the results of members' workouts, increase customer churn, and provide additional revenue from AI personal training.

Funding history · 3 rounds · $237K total

2017-03
2017-01
Grant $137K
2016-08
$100K

Q&A

What is Practix Innovative Workout's primary business?
Practix Innovative Workout develops a connected ecosystem for gyms, utilizing IoT tracking and AI to provide personalized training and increase gym profitability. Their system involves smart bracelets for members to track workouts and analyze data.
When was Practix Innovative Workout founded?
Practix Innovative Workout was founded in August 2016.
What is the current status of Practix Innovative Workout?
Practix Innovative Workout is currently inactive, as of March 2018.
How many employees does Practix Innovative Workout have?
Practix Innovative Workout has 1-10 employees.
What is Practix Innovative Workout's total funding to date?
Practix Innovative Workout has raised a total of $236,750 USD across multiple funding rounds.
When did Practix Innovative Workout receive its last funding?
Practix Innovative Workout received its last funding in March 2017, raising $80,000 USD from Kickstarter.
Which investors participated in Practix Innovative Workout's funding rounds?
Practix Innovative Workout has received funding from SAFE, EXIST, and Kickstarter.
What technologies does Practix Innovative Workout utilize?
Practix Innovative Workout utilizes Artificial Intelligence, Sensing, NFC, Communications, and IoT technologies.
Who are the founders of Practix Innovative Workout?
The founders of Practix Innovative Workout are Ohad Folman, Omri Zaied, Sivan Entelis, and Edan Folman.

Team · 4

Founder · Founder & CEO
LinkedIn ↗
Founder · Co-Founder
LinkedIn ↗
Founder · Co-Founder
LinkedIn ↗
Founder · Co-founder
LinkedIn ↗

Sectors & technology

Primary sector
Business Software
Sub-sectors
Business SoftwareIT, R&D & Data SolutionsData Analysis & Decision Support
Technologies
Artificial IntelligenceSensingNFCCommunicationsIOT
Target customers
Media & EntertainmentSportsConsumersRecreational & LifestyleFitness & Sports
Business model
B2BB2B2C

Highlights

Verified

Tags

sportsdigital-healthcareconsumer-goodsfitnesswellnessiotmobile-applicationssensorsdigital-therapeuticswearable
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