# Locix

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/locix

- Industry: Software
- Headquarters: San Bruno, US
- Website: www.locix.com
- Total disclosed funding: $20M
- Latest round: Series B (Sep 6, 2018)
- Investors on record: 9

## About

Locix Inc. develops innovative location-based technology solutions that enhance operational efficiency, primarily targeting sectors like warehouse management, manufacturing, and commercial real estate.Founded in 2015, Locix Inc. is headquartered in San Bruno, US, and focuses on location technology solutions. The company has completed four funding deals, with its most recent round occurring in April 2020, raising USD 2.00 mn from Daikin Industries, Ltd. The current CEO is Vikram Pavate.Locix specializes in location-based technology solutions designed to enhance operational efficiency across various sectors, including warehouse management, manufacturing, and commercial real estate. The company's primary offering is the Locix Location Visual Sensor, which integrates advanced analytics, artificial intelligence, and machine learning to provide real-time and historical insights into asset utilization and workspace occupancy. The sensor system is straightforward to install, scalable, and easy to manage, allowing clients to optimize workforce allocation, reduce capital and operational expenditures, and increase productivity by up to 30%. The target clientele includes warehouse operators, manufacturers, and facility managers, particularly those in North America and Europe, who benefit from improved asset tracking, labor productivity, and energy efficiency through intelligent occupancy monitoring and analysis.Locix generates revenue through a subscription-based model, primarily targeting B2B clients such as distribution centers, factories, and commercial buildings. Customers typically engage with Locix by subscribing to its suite of products, including the flagship Locix LPS (Location Positioning System) and related services, which encompass ongoing software updates and customer support. The pricing structure is tiered, allowing clients to choose plans based on their specific needs and scale of operations, facilitating a flexible approach to deployment. This business model ensures consistent revenue streams while enabling clients to leverage the technology effectively over time, fostering long-term partnerships centered around enhanced operational performance.Locix Inc. plans to utilize the recent funding of USD 2.00 mn raised in April 2020 to develop new products aimed at enhancing their current offerings in location technology. The company is also looking to expand its market reach into Asia and Australia by the end of 2023. Through these initiatives, Locix aims to strengthen its position in the location technology market while continuing to innovate and serve its clients effectively.

## Funding rounds

- Series B, Sep 6, 2018, $20M — University of Tokyo Edge Capital Partners, Sumitomo Corporation of America, Acer, Murata Manufacturing Co., Ltd., NTT DOCOMO Ventures, Yaskawa Electric Corporation, ID Ventures, Endeavor Robotics, Inc., YE DIGITAL Corporation

## Investors

- University of Tokyo Edge Capital Partners (https://capitalatlas.ai/funds/university-of-tokyo-edge-capital-partners) — Series B
- Sumitomo Corporation of America — Series B
- Acer — Series B
- Murata Manufacturing Co., Ltd. — Series B
- NTT DOCOMO Ventures (https://capitalatlas.ai/funds/ntt-docomo-ventures) — Series B
- Yaskawa Electric Corporation — Series B
- ID Ventures (https://capitalatlas.ai/funds/id-ventures) — Series B
- Endeavor Robotics, Inc. — Series B
- YE DIGITAL Corporation — Series B