About HackMotion
HackMotion is a company based in Riga (Latvia) founded in 2016.. The company has 10 employees as of December 31, 2022. HackMotion offers products and services including HackMotion Core, HackMotion Plus, and HackMotion Pro. HackMotion operates in a competitive market with competitors including Withings, Fitbit, Whoop, iHealth Labs and Garmin International, among others.
- Headquarter Riga, Latvia
- Employees 10 as on 31 Dec, 2022
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Sectors
HealthcareMedia & Entertainment Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Hackmotion
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Annual Revenue
$1.5 M (USD)155as on Dec 31, 2022
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Net Profit
$385.36 K (USD)128as on Dec 31, 2022
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EBITDA
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Latest Funding Round
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Investors
Buildit
& 1 more
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Employee Count
10
as on Dec 31, 2022
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Products & Services of HackMotion
HackMotion offers a comprehensive portfolio of products and services, including HackMotion Core, HackMotion Plus, and HackMotion Pro. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Basic sensor for improving clubface control and full swing consistency.
Enhanced sensor for full swing and putting consistency optimization.
Advanced sensor with full wrist data and coaching features for performance.
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Funding Insights of HackMotion
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
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First Round
First Round
(01 Jun 2016)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Nov, 2016 | Amount | Seed - HackMotion | Valuation | Buildit |
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| Jun, 2016 | Amount | Grant - HackMotion | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in HackMotion
HackMotion has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Buildit and Prototron Fund. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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IOT startups are accelerated by Buildit in Latvia's ecosystem.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by HackMotion
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - HackMotion
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Hackmotion Comparisons
Competitors of HackMotion
HackMotion operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Withings, Fitbit, Whoop, iHealth Labs and Garmin International, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Connected devices for health, sleep, and activity monitoring are developed.
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| domain | founded_year | HQ Location |
Smartwatches and fitness trackers are provided for activity monitoring.
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| domain | founded_year | HQ Location |
Provider of a smart wearable device for physical activities monitoring
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| domain | founded_year | HQ Location |
Personal healthcare devices for vital monitoring are designed and produced.
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| domain | founded_year | HQ Location |
Smart fitness trackers and watches are developed for performance monitoring.
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| domain | founded_year | HQ Location |
Wearable devices such as smartwatches and fitness trackers are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about HackMotion
When was HackMotion founded?
HackMotion was founded in 2016.
Where is HackMotion located?
HackMotion is headquartered in Riga, Latvia.
How many employees does HackMotion have?
As of Dec 31, 2022, the latest employee count at HackMotion is 10.
What is the annual revenue of HackMotion?
Annual revenue of HackMotion is $1.5M as on Dec 31, 2022.
What does HackMotion do?
HackMotion is a provider of wearable motion capture solutions for applications in sports. The product line includes wrist angle sensors for golf and kinetic sensors for shooting. The wrist angle sensors are based on inertial measurement units and come with a built-in accelerometer, gyroscope, magnetometer an advanced sensor fusion algorithm that allows real-time reconstruction of 3D wrist model with 200 frames per second and a resolution below one degree to accurately reproduce the entire swing routine. The kinetic shooting sensor uses 3D tracking technology for tracking the movement trajectory, speed, and acceleration of all joints of the hand. Both the products work in integration with a companion software for processing the bio-feedback to ensures rapid improvement after 10 -20 practice shots. Other use cases are in the areas of skydiving and snowboarding. The company is a graduate of two accelerator programs namely Buildit Hardware Accelerator in Estonia and Startup Sauna in Finland.
Who are the top competitors of HackMotion?
What products or services does HackMotion offer?
HackMotion offers HackMotion Core, HackMotion Plus, and HackMotion Pro.
Who are HackMotion's investors?
HackMotion has 2 investors. Key investors include Buildit, and Prototron Fund.