Internet of things News
The 10 Coolest IoT Startups Of 2020
With new funding rounds, executive hires and product launches, these startups are making big moves this year as the demand for IoT offerings continues.
Managing Directors: Oliver Trinchera and Alexander Hüttenbrink
Kinexon develops IoT and wearable offerings that can be used for everything from social-distancing enforcement and contact tracing to data collection and analysis of athletes on the field.
The Munich, Germany-based company announced in November that it received a venture debt loan worth 15 million euros from the European Investment Bank to expand its go-to-market in Europe, the U.S. and Asia in addition to supporting new development of data analytics and AI products.
This year, the company introduced an offering called SafeZone that uses a fleet of wristbands worn by employees that alerts them when they are too close to another co-worker. Beyond use cases for traditional workforces, the offering has also been chosen by the Southeastern Conference for enhanced COVID-19 contact tracing during the 2020 football season.