Tigapo Company Profile

Background

Founded in 2016, Tigapo specializes in the management of arcade and vending machines through its innovative Internet of Things (IoT) system. The company's mission is to revolutionize the coin-operated machine industry by providing a mobile-first platform that connects these machines to the cloud, enabling real-time data collection and analysis. This approach empowers operators to understand user behaviors, manage operations remotely, increase revenue, and reduce operational costs. Tigapo's vision is to enhance the efficiency and profitability of amusement machine operations globally.

Key Strategic Focus

Tigapo's strategic focus lies in integrating IoT technology with artificial intelligence (AI) to optimize the performance of coin-operated machines. By applying AI algorithms to real-time data, the company enables dynamic pricing and proactive maintenance, thereby maximizing earnings and minimizing downtime. Tigapo primarily targets the amusement and vending machine sectors, offering solutions that cater to both Family Entertainment Centers (FECs) and route operators.

Financials and Funding

In March 2019, Tigapo secured a $1 million funding round led by Chazen Capital Partners. This investment facilitated the expansion of Tigapo's operations, including the establishment of a new office in the United States. The capital was intended to enhance the company's technological capabilities and broaden its market reach.

Technological Platform and Innovation

Tigapo's platform stands out due to its proprietary IoT system that connects coin-operated machines to the cloud. This system collects and analyzes data in real-time, allowing operators to monitor machine performance, user engagement, and revenue metrics remotely. The integration of AI algorithms enables dynamic pricing strategies and predictive maintenance, ensuring optimal machine uptime and profitability.

Leadership Team

Tsachi Sayegh, Co-Founder & Chief Executive Officer: Brings extensive experience in technology and business development, leading Tigapo's strategic direction and growth initiatives.

Dvir Avizrat, Co-Founder & Chief Technology Officer: Oversees the technological development and innovation of Tigapo's platform, ensuring the integration of cutting-edge technologies.

Competitor Profile

Market Insights and Dynamics

The amusement and vending machine industry is experiencing a digital transformation, with increasing adoption of IoT and AI technologies to enhance operational efficiency and user experience. The market is characterized by a growing demand for cashless payment solutions and data-driven management systems.

Competitor Analysis

Tigapo faces competition from companies offering similar IoT and AI-driven solutions for coin-operated machines. Notable competitors include:

Innovesta: A fintech company providing a digital crowd diligence platform.

Vidado: Offers a cloud-based AI-driven intelligent automation platform.

Upstart: Operates cloud-based artificial intelligence lending platforms.

mCloud Technologies: Provides IoT connected asset care cloud solutions.

These companies, while operating in adjacent sectors, highlight the competitive landscape in which Tigapo operates.

Strategic Collaborations and Partnerships

In August 2021, Tigapo was acquired by Nayax, a global fintech company specializing in cashless payment solutions. This acquisition aimed to integrate Tigapo's IoT and AI capabilities with Nayax's payment platforms, enhancing the value proposition for operators of coin-operated machines.

Operational Insights

Tigapo's integration with Nayax positions the company to leverage a broader network and advanced payment solutions, strengthening its market position. The combined expertise in IoT, AI, and cashless payments provides a distinct competitive advantage in the amusement and vending machine industry.

Strategic Opportunities and Future Directions

Looking ahead, Tigapo aims to expand its technological offerings by further enhancing its AI algorithms and IoT capabilities. The company plans to explore new markets and applications for its platform, including other sectors that utilize coin-operated machines. By capitalizing on the synergies with Nayax, Tigapo is well-positioned to drive innovation and growth in the industry.