Ikin Global, a Mumbai, India-based IoT smart lock brand, raised $1M in Pre-Series A funding.
The round was led by Unicorn India Ventures and Callapina Capital with participation from existing investors.
The company intends to use the funds to enhance the current product line with new launches that would offer AI-powered analytics, advanced sensor technology and industry specific solutions.
Ikin Global, a subsidiary of SectorQube Technolabs Pvt. Ltd., is a provider of smart security solutions for the logistics, retail, and warehousing sectors. The company leverages AI and IoT to deliver GPS-enabled smart locks, AI-driven intrusion detection, and cloud-based dashboards. Ikin Global has achieved traction in India and is now expanding into the USA and the Middle East to offer advanced asset protection solutions worldwide. The company works with top tier e-commerce, QComm and logistics companies.
FinSMEs
26/11/2024