Equip-id
Verified| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | $0.0 | round |
| N/A | $0.0 | round | |
| N/A | N/A | Seed | |
| Total Funding | 000k | ||
Recent News about Equip-id
EditEquip ID is a startup that aims to revolutionize the asset management industry by giving a voice to the equipment itself. The company operates in the facilities management market, which involves managing and maintaining the physical assets of businesses such as buildings, machinery, and equipment. Equip ID serves a wide range of clients, including retailers, restaurants, and other businesses that need to keep track of their assets for compliance, risk management, and cost reduction purposes.
The business model of Equip ID revolves around creating a comprehensive digital inventory of a company's assets. This is achieved through their managed asset tagging program, powered by "Tagnicians," who create unique profiles for each asset. This data is then centralized on a single platform, allowing businesses to monitor the lifecycle of their assets from acquisition to retirement. This includes tracking installation, maintenance, repairs, and replacements.
Equip ID makes money by offering its platform as a subscription service, where clients pay a recurring fee to access and utilize the platform's features. Additionally, the company may charge for the initial setup and tagging of assets, as well as for any additional services such as compliance guidance and strategic asset optimization.
The company also plays a crucial role in helping businesses comply with new state health and safety mandates, particularly in the wake of the COVID-19 pandemic. By ensuring that janitorial and disinfection protocols are met, Equip ID helps businesses stay compliant with regulations and maintain a safe environment for employees and customers.
In summary, Equip ID provides a digital solution for asset management, helping businesses keep track of their physical assets, stay compliant with regulations, and reduce costs through better visibility and management.
Keywords: asset management, facilities management, digital inventory, compliance, risk management, cost reduction, tagging program, maintenance tracking, subscription service, health and safety mandates.