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IATI - Israel Advanced Technology Industries
IATI - Israel Advanced Technology Industries
IATI News & Events Daily Industry News Israeli IoT startup Kwik raises $3m

Israeli IoT startup Kwik raises $3m

Jun. 22, 2016

Israeli Internet-of-Things startup Kwik has raised $3 million in a financing round led by Norwest Venture Partners.

Kwik is an open end-to-end IoT platform connecting retailers, brands and delivery providers, enabling brands to develop direct relationships with their consumers in their homes. In effect, the Tel Aviv-based company has developed smart buttons, similar to Amazon's dash buttons, which let consumers order products from their home by pressing a button. Kwik, "Techcrunch" reports is working with Domino's, Budweiser, Huggie's and others on the subject.

With a beta-site operating in Israel, the company will use the proceeds of the financing round to expand to the US.

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