Ikin Global, a provider of IoT-based smart lock solutions, has raised $1 million in a pre-Series A funding round. The round was led by Unicorn India Ventures and Callapina Capital, with additional support from existing investors. The funds will be used to bolster the company’s product offerings with advanced AI-powered features, enhanced sensors, and solutions tailored for specific industries.
Plans for Expansion and Product Enhancement
The company plans to leverage the capital to refine its smart lock product lineup and integrate cutting-edge technologies, including artificial intelligence and advanced sensors. Additionally, Ikin Global aims to extend its operations across India, the United States, and Europe, with plans to expand teams in sales, marketing, operations, and support. This expansion is expected to help the company strengthen its position in the global market.
Smart Lock Solutions for Diverse Sectors
Ikin Global specializes in creating innovative smart security products, including smart locks that can be controlled remotely via smartphone apps or voice assistants. The company has already secured contracts for 2,500 trucks and 1,500 facilities such as warehouses, vaults, and retail stores. With orders for 20,000 smart locks in place, Ikin Global has set an ambitious target of generating ₹30 crore in revenue from its logistics-focused smart lock business.
Innovative Products to Replace Traditional Security Methods
The company has introduced several new products, including the Portable iSeals with a one-year battery life, designed to replace single-use plastic seals. Another notable product is the Smart GPS Truck Lock, which is equipped with advanced sensors capable of detecting unauthorized intrusions, further enhancing security in the logistics industry.
A Vision for the Future of Smart Security
Ikin Global, created by SectorQube, is positioning itself as a key player in the smart security and IoT sectors. As the demand for remote-controlled and secure access solutions continues to rise, Ikin Global’s combination of innovative products and a growing global footprint puts it on track to become a significant force in the evolving smart lock market.
