Company Overview
Snapshot
Founded in August 2016 by Ohad Folman, Omri Zaied, Sivan Entelis, and Edan Folman, Practix Innovative Workout operates with 1–10 employees. The company has raised $236.75K across 3 funding rounds from 2 investors. In March 2017, Practix secured crowdfunding from Kickstarter.
Business overview
Practix Innovative Workout develops a connected ecosystem designed to personalize the gym experience through IoT tracking technologies and AI. The company's core product involves a smart bracelet that identifies equipment and physical activities, collecting workout data via motion and NFC sensors. This data is then analyzed using machine learning and pattern recognition algorithms to provide insights for fitness clubs and personalized training for members. Practix serves the fitness and sports markets, operating within the Business Software sector, specifically focusing on data analysis and decision support for gyms.
Log in to access full profile ›Company Intelligence Q&A
- What is Practix Innovative Workout's primary offering?
- Practix Innovative Workout offers a connected ecosystem that functions as a personalized trainer within gyms, utilizing IoT tracking and AI to enhance profitability for fitness clubs.
- When was Practix Innovative Workout founded and by whom?
- Practix Innovative Workout was founded in August 2016 by Ohad Folman, Omri Zaied, Sivan Entelis, and Edan Folman.
- What technology does Practix Innovative Workout utilize in its products?
- Practix Innovative Workout's system incorporates IoT tracking technologies, AI, machine learning, pattern recognition algorithms, motion sensors, and NFC sensors to collect and analyze workout data.
- What was a notable early funding event for Practix Innovative Workout?
- In March 2017, Practix Innovative Workout secured crowdfunding from Kickstarter.
- Which markets does Practix Innovative Workout target?
- Practix Innovative Workout targets the fitness and sports segments within the broader media and entertainment, and consumer markets, with a geographical focus including Germany.