Since Kizy Tracking won the IoT / M2M Innovation World Cup 2015/16 in the category Mobility, they have gone from strength to strength, now offering a complete low cost, low power tracking solution. The low-cost B2B tracking system is supported by a GSM-infrastructure (no GPS) for positioning and communication, thus providing an overview and better control over all supply chain process with location and status of shipments and assets worldwide. Kizy has been growing fast, with new customers that include international logistics companies, shippers and consulting firms from all over the world. Lately, they have been raising funds to further accelerate their development and they announced this week that they have secured Series A funding from one of Europe’s leading business angels.
The Innovation World Cup Series interviewed Ruud Riem-Vis, CEO of Kizy Tracking to find out more about what they’ve been working on over the past year.
Tell us a bit about you and your product!
The lack of visibility costs the global logistics industry billions of USD every year. We created Kizy to solve this problem. Our goal is to offer a solution to collect valuable first-hand data about the status and location of shipments and assets everywhere in the world, in a cost-efficient way. The industrial IoT is about to change the way global logistics operations work. Data is the key to this revolution.
What milestones have you reached since successfully participating in the IoT/M2M Innovation World Cup?
The IoT/M2M Innovation World Cup gave us credibility, which is an important element when you are active in the B2B sector. After the IoT/M2M Innovation World Cup, we got in contact with larger accounts, set-up pilots with them and won new customers. We’ve also just closed our Series A round with one of the largest European business angels.
What should we look out for from Kizy tracking in the next 12 months?
We are about to launch our new tracker and platform on the market. This updated version of Kizy incorporates all the knowledge and customer feedback collected during the last two years on the market. We’re very excited about this.
What was the biggest advantage you got out of taking part in the Innovation World Cup?
I think it was the international exposure and the media coverage brought by the award. It also offered us the opportunity to visit the GSMA in Barcelona at the same time. When you approach people at the fair and can tell them “By the way, we just won the Innovation World Cup yesterday”, it helps a lot to raise interest in the discussion!
Our congratulations again to Kizy Tracking on their successful funding round – you can read more in their press release. For more information about the Swiss start-up visit their website www.kizytracking.com.