Toronto & Dubai (March 11, 2015) Kiwi Wearables, a Toronto based wearable technology company that serves as the ‘Intel Inside’ the multi-billion dollar Wearable Tech and IoT market, have hired Privity to assist them with their Series A round of funding.
About Kiwi Wearable Technologies
Kiwi is an enabler for the multi-billion dollar Wearable Technology and Internet of Things industry. Kiwi has developed proprietary motion recognition technology that enables companies to build motion based products in a matter of minutes. Kiwi technology is already being used by market leading companies in the sports vertical. It provides its customers with a full stack to quickly prototype, launch and operate a new product. Kiwi has a strong team with skill sets in Machine Learning, Embedded Development, Industrial Design and Business Management. Wearable technology is set to be a $12Bn industry, and Kiwi is already being recognized as a market leader for its accuracy, self service tools and flexible pricing.
RMS named Kiwi Wearable Technologies as the winner of the RMS Best Vertical Disrupter award back in September 2013 at TechCrunch Disrupt 2013. RMS is the world’s leading provider of software, services, and expertise for the quantification and management of catastrophe risk. More than 400 leading insurers, reinsurers, trading companies, and other financial institutions rely on RMS solutions to quantify, manage, and transfer risk.
Sleem Hasan, Founder & CEO Privity FZ LLE, added, ” Privity is honoured to have been appointed by Kiwi as their advisor. They also are the first Canadian based entrepreneur we shall be assisting and the first portfolio partner company in the field of wearable technology and IoT(Internet of Things).”