Practix Innovative Workout

IoT Gym Personalization

Business Software
Non Active, Mar 2018
Seed Ra'anana Founded 2016
LinkedIn
Total raised
$237K
Last: Crowdfunding 2017-03
Stage
Seed
Founded
2016
Headcount
1-10
HQ
Ra'anana
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 · 1 round · $237K total

2017-03
Crowdfunding $80K

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