SectorQube-created IoT smart lock brand Ikin Global has announced raising $1 million through a pre-series A funding round, which was led by Unicorn India Ventures and Callapina Capital.

The startup intends to utilize the funding to expand its product offerings by introducing new solutions featuring AI-powered analytics, advanced sensor technologies, and tailored industry applications.

Alongside product innovation, Ikin aims to strengthen its team by growing its presence in strategic markets such as India, the US, and Europe, focusing on enhancing its sales, marketing, operations, and support capabilities.

The company also plans to scale up its production capacity to meet the rising demand from the logistics sector efficiently.

Ikin Global specializes in delivering innovative security solutions tailored to the logistics, retail, and warehousing industries.

The company reports an order backlog of 20,000 smart locks, targeting revenue of ₹30 crore from its smart lock offerings in the logistics sector.

Recently, Ikin introduced advanced products, including Portable iSeals with a one-year battery life, designed to replace single-use plastic container seals, and Smart GPS Truck Locks equipped with sophisticated sensors for detecting intrusions.

Nibu Alias, Co-founder and CEO of SectorQube, said, “Our talented tech team has developed smart locks with advanced sensors that secure not just truck doors and shutters but the entire cargo or facility. We’re excited to expand our reach to the US, Europe, and Middle Eastern markets, bringing our solutions to more companies worldwide.”

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