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Kimonex logo — Reimagining Industrial Sourcing with Advanced Algorithms

Kimonex

Reimagining Industrial Sourcing with Advanced Algorithms

Founded 2014 Venture round B2B, Computing +1

General Information

Company Name Kimonex
Founded Year 2014
Industries B2B, Computing, SaaS
Funding Stage Venture round
Social

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About Kimonex

Kimonex is reimagining industrial sourcing with advanced algorithms, aiming to replace manual industrial sourcing with an intelligent algorithm that matches the right supplier for any part. The manual process of communication between product creators and industrial suppliers, done using spreadsheet and email, causes up to 30% inefficiency in product cost and time-to-market. Kimonex's cloud-based advanced intelligent algorithm connects product creators with industrial suppliers, helping them make more cost-effective products and reducing time-to-market. This not only benefits product development and manufacturing companies, but also helps industrial suppliers get high-quality leads at an earlier stage. The product, an intelligent cloud-based software for product data management with advanced algorithms to match industrial buyers and sellers, addresses the growing need for modern and agile product management software in the era of modern agile manufacturing technologies. The market size for products, materials, and parts manually sourced using spreadsheets and email is estimated to be $700 billion/year, based on IBIS World. Kimonex's business model includes a freemium model for purchasing in stage one, a subscription model for suppliers ($7,000-10,000/year) in stage two, and a distribution model in stage three, taking 2-3% of deals. Kimonex received its Venture Round investment on March 9, 2015 from Microsoft Accelerator. As a B2B and SaaS company founded in 2014, Kimonex presents a strong value proposition in the industrial sourcing space, leveraging advanced technology to streamline processes and drive efficiency.

Business keywords: industrial sourcing, intelligent algorithm, cloud-based software, product data management, manufacturing technology, supplier matching, agile manufacturing, cost-effective products, time-to-market efficiency

Funding Rounds & Investors (2)

View All
Funding Stage Amount Investors Lead Investors Date
Venture Round Undisclosed 1
Microsoft Accelerator
Microsoft Accelerator
09 Mar 2015
Non Equity Assistance Undisclosed 1
Microsoft ScaleUp Tel Aviv
09 Jun 2014

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FAQ About Kimonex

Reimagining Industrial Sourcing with Advanced Algorithms
Kimonex was founded in 2014.
Kimonex operates in B2B, Computing and SaaS. Its work centres on industrial sourcing, intelligent algorithm, cloud-based software and product data management.
Kimonex has completed 2 funding rounds. The latest funding stage is Venture round.
Top alternatives and competitors to Kimonex include Storable Marine Molo, ViaCorex, Costlocker, Lightyear, SMAFLEET. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Kimonex and Storable Marine Molo are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Kimonex, https://bouncewatch.com/company/kimonex, updated 10 October 2024. When citing, please name BounceWatch and link this page.

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