What Kiconex does

Kiconex is the Industrial Internet of Things (IIoT) division of Spain's Keyter Group (Industrias de Tecnologías Aplicadas de Refrigeración y Conservación, S.L.), founded in 2018 and headquartered in Lucena, Córdoba. The company was created to bring Industry 4.0 capabilities to Keyter Group's 30+ years of industrial air conditioning and refrigeration expertise, and has since integrated more than 17,000 pieces of equipment across 30+ countries. Its commercial footprint spans industrial facilities, retail chains (including supermarkets and large-format stores), hospitality operators, mobility and transport fleets, equipment OEMs, gyms and wellness centers, and residential buildings. Customers served to date include anonymized hotel groups, supermarket chains, a multinational furniture retailer's foodservice operations, a low-cost gym chain, and a residential building (Rosenhügel).

The company's offering is a vertically integrated full-stack IIoT ecosystem: kiCloud (multi-tenant, multi-user, multilingual cloud platform), kiCore (device lifecycle management), kiControl (PLC-based automation), kiAnalytics (Big Data dashboards with ML-driven predictive maintenance), kiConnectivity (managed 4G/5G M2M with a dedicated isolated network), and VPN kiconex for secure remote access. The hardware layer comprises the kiBox gateway family (Box 2-4-8, Box 0, Box 1A, Box 2A, Box C2) plus kiSensors, kiWi peripherals, routers, and M-Bus gateways. Integration covers Modbus RTU/TCP, CANbus, and M-bus protocols, with stated compatibility across more than 15 major industrial brands including Danfoss, Dixell, AKO, Schneider Electric, Carrier, Emerson, Daikin, ABB, Mitsubishi Electric, and Carel. Documented customer outcomes include 15% energy consumption savings in hospitality deployments and continuous monitoring across 19 critical control points in a foodservice zone.

Commercially, Kiconex runs a sales-led, quote-based go-to-market with no publicly disclosed pricing. Revenue is generated across five streams: IoT hardware sales (gateways, sensors, accessories), recurring cloud/SaaS subscriptions, managed connectivity services, automation and engineering services (including ad-hoc PLC work), and VPN remote access subscriptions. The company has no external institutional investors and is wholly capitalized by parent Keyter Group; it markets through the multilingual website, monthly kiNews newsletter, case studies, an in-website accessories storefront, and industry event participation including Chillventa and On Industry.

Name

Kiconex

Legal name

Industrias de Tecnologías Aplicadas de Refrigeración y Conservación, S.L.

Website

https://kiconex.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

101–250 employees

Short description

Kiconex is the IIoT division of Spain's Keyter Group, providing a full-stack industrial IoT ecosystem — cloud platform, gateways, automation, analytics, and managed connectivity — for HVAC, refrigeration, and energy management across 30+ countries.

Ownership category

akta.pro rank

Product category

Industrial IoT Platform

NAICS

Other Measuring and Controlling Device Manufacturing (334519)

SIC

Industrial Instruments For Measurement, Display, And Control (3823), Refrigeration & Service Industry Machinery (3580), Measuring & Controlling Devices, Nec (3829)

akta.pro primary industry

Remote Monitoring & Energy Optimization for Refrigeration Systems (HSAOAJAO)

akta.pro secondary industries

Remote Sensing, Alerts & Predictive Analytics for Spoilage/Hotspot Detection (AFAOALAJ), Cold Chain / Reefer Telematics & Condition Monitoring (TLAEAFAL), Occupancy, Space Utilization & Workplace Experience (HSAPAPAG), Power/battery/energy monitoring for cold chain devices (TLAEALAH)

Keywords

• Industrial IoT platform
• Equipment monitoring software
• Refrigeration IoT solutions
• Cloud device management
• HVAC automation systems

Headquarters

HQ city

Lucena

HQ country

Spain

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Supply Chain, Operations, Marketing or Sales, Infrastructure

Revenue model

1. IoT Hardware (Gateways, Accessories): Sale of proprietary IoT gateway devices (Box series), sensors (kiSensors, kiWi), routers, M-BUS gateways, and other accessories. Hardware forms a core part of the product ecosystem, enabling device connectivity to the cloud platform.
2. Cloud / IoT Platform (SaaS): Recurring subscription for access to the kiCloud platform, kiCore device management, and kiAnalytics services. The multi-tenant, cloud-native platform serves as the operational hub for all connected devices and facilities.
3. Connectivity Services (M2M): Managed connectivity services providing 4G/5G connectivity for industrial IoT operations. Provides global remote connectivity with secure, managed network access.
4. Automation and Engineering Services: Custom automation solutions including PLC programming, process automation, and ad-hoc control systems (Solutions and Control kiconex divisions). Implementation and integration services are part of the delivery model.
5. VPN / Remote Access Services: Secure VPN-based remote access service for industrial clients requiring safe and simple remote access to their IoT units. Industrial remote access for diagnostics, monitoring, and remote troubleshooting.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels8 records

Core offering

Kiconex provides an integrated Industrial IoT (IIoT) ecosystem for real-time monitoring and remote management of HVAC, refrigeration, and energy equipment. Its offering combines proprietary hardware gateways (kiBox series), sensors and accessories, managed 4G/5G connectivity, and a cloud platform suite (kiCloud, kiCore, kiControl, kiAnalytics) with machine-learning-driven predictive maintenance and automation capabilities for industrial, retail, hospitality, mobility, OEM, wellness, and residential customers.

Product overview

Kiconex is an IIoT ecosystem consisting of a cloud platform (kiCloud) with integrated modules for device management (kiCore), automation (kiControl), analytics (kiAnalytics), and connectivity (kiConnectivity), complemented by a range of gateway hardware (kiBox series) and accessories (kiSensor, kiWi, Router, M-BUS gateway). The platform provides end-to-end IoT solutions for industrial monitoring, remote control, predictive maintenance, and energy optimization across multiple sectors including HVAC, refrigeration, and energy management.

Differentiator

Problem solved

Functional benefit

Products and services

• kiCloud Cloud-based IoT platform for comprehensive equipment and facility management, providing real-time visibility of connected device and process performance, resource optimization, and remote event response. Multi-tenant, multi-user, multilingual, customizable, and secure; integrates devices from major OEM brands and protocols into a single management environment for industrial, retail, hospitality, mobility, OEM, wellness, and residential customers.
• kiConnectivity Managed machine-to-machine connectivity service providing uninterrupted global 4G/5G connectivity for industrial IoT operations. Uses a dedicated network isolated from the general internet for enhanced security, with remote management capabilities and diagnostic status monitoring for critical industrial assets.
• VPN kiconex VPN-based secure remote access service for industrial clients requiring safe and simple remote access to their IoT units. Enables diagnostics, monitoring, and remote troubleshooting of deployed equipment without physical site visits.
• kiControl (Automation Solutions) Parametrizable automation solution with two product divisions (standard Solutions and ad-hoc Control kiconex) that integrates various sensors and controls for total installation control. Specialized in PLC programming for custom control and sensing needs, enabling remote supervision and management of HVAC, refrigeration, and DHW systems.
• kiBox 2-4-8 Gateway Industrial IoT gateway hardware device with 4G connectivity for connecting industrial equipment to the kiconex cloud platform, enabling complete remote control capabilities and data transmission from refrigeration, HVAC, and energy systems.
• kiBox Gateway Family (Box 0, Box 1A, Box 2A, Box C2) Family of industrial IoT gateway hardware devices for equipment connectivity and data transmission within the kiconex ecosystem, supporting various deployment scenarios for industrial HVAC, refrigeration, and energy management installations.
• kiAccessories (kiSensors, kiWi, Routers, Pasarela M-BUS) Range of compatible accessories for kiconex installations including kiSensors (environmental sensors for temperature, humidity, CO2), kiWi devices, routers, M-BUS pasarela gateways (for meter and sensor connectivity), and other control devices, available through the kiconex accessories e-commerce section.

Quantifiable outcome

• 15% energy consumption savings in hospitality sector client through automation of cold rooms, smart door management, and DHW preheating optimization
• +3 more outcomes

Named customers5 records

Segments7 records

Ideal customer profiles7 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability5 records

Feature7 records

Partnerships

Three partnerships are on record, tiered core.

• INTARCONcoreStrategic or Co-development PartnerINTARCON is listed as part of the Kiconex group ecosystem alongside KEYTER and GENAQ. It is a refrigeration technology company within the same corporate group, contributing to the group's overall IIoT and industrial refrigeration capabilities.
• KEYTERcoreStrategic or Co-development PartnerKEYTER Group is the parent organization of Kiconex, with over 30 years of experience in industrial air conditioning and refrigeration equipment design and manufacturing in Spain. Kiconex was created by KEYTER Group to elevate the monitoring and management of the group's equipment to Industry 4.0 standards.
• GENAQcoreStrategic or Co-development PartnerGENAQ is listed as part of the Kiconex group ecosystem. It represents the group's industrial capabilities in the broader IIoT and climate technology space.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Eurotech: Italy-based provider of embedded hardware, IoT gateways, and edge-to-cloud platforms (Everyware Cloud) for industrial customers. Closely comparable to Kiconex in offering a full IIoT stack with proprietary gateways and a device management platform, with similar European industrial roots.
• Particle: IoT platform offering cellular/Wi-Fi hardware modules, a device cloud, and integrated management tools. Comparable in providing a vertically integrated hardware-to-cloud IoT stack with cellular connectivity (similar to kiConnectivity) and a device management console (similar to kiCore).
• Losant: Enterprise IoT platform focused on device management, workflows, and visualizations for industrial and connected-product use cases. Comparable to Kiconex in delivering a multi-tenant IoT cloud with workflow automation and analytics capabilities.
• Ubidots: Cloud-based IoT application platform with hardware gateway support, dashboards, and analytics for industrial and commercial use cases. Comparable to Kiconex in providing an IoT cloud + gateway stack focused on equipment monitoring and alerting for SMB/mid-market customers.

Broad incumbents

• Schneider Electric EcoStruxure: Schneider's IoT-enabled architecture spanning connected products, edge control, and analytics for energy and automation. Comparable to Kiconex in targeting HVAC, refrigeration, and energy management use cases across commercial and industrial customers.
• Samsara: Public US-based IoT platform combining hardware sensors with cloud software for fleet, equipment, and facility monitoring. Comparable in delivering a sensor-to-cloud stack with energy, refrigeration, and asset monitoring use cases, but at substantially greater scale and breadth.
• Advantech: Global industrial IoT hardware and platform provider offering gateways, edge computing, and WISE-PaaS cloud software. Comparable to Kiconex in industrial-grade IoT gateways and integrated management software for equipment monitoring.
• Honeywell Forge: Honeywell's enterprise performance management software with industrial IoT capabilities for buildings, assets, and operations. Comparable in delivering predictive maintenance, energy optimization, and remote monitoring across refrigeration and HVAC-heavy industries.
• Siemens MindSphere: Siemens' industrial IoT platform providing cloud connectivity, analytics, and app development for industrial assets. Comparable in targeting industrial equipment monitoring and energy optimization, but operates at far greater enterprise scale and breadth.

Emerging players

• Axiomtek: Industrial PC and IoT gateway manufacturer offering edge computing platforms for industrial automation. Comparable to Kiconex in producing industrial-grade IoT gateways and embedded controllers used to bridge equipment to cloud platforms, though with less of a vertical SaaS focus.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/kiconexiot
• YouTubeyoutube.com/@KiconexIoT
• Facebookfacebook.com/kiconex
• LinkedInlinkedin.com/company/kiconex
• Instagraminstagram.com/kiconexoficial

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kiconex