Top Smart Locks System startups
There are 457 Smart Locks System startups which include Latch, August, Level, igloohome, Nuki Home Solutions. Out of these, 89 startups are funded, with 38 having secured Series A+ funding. China has the most number of companies in Smart Locks System (90), followed by United States
(88), and then India (41).
Over the past 10 years, an average of 17 new companies have been launched annually. Notably, several of these startups have been founded by alumni of IIT BHU, IIT Kharagpur and Nanyang Technological University (NTU).
Here is the list of top Smart Locks System Startups
1. Latch
Provider of cloud-based smart locks for residential and commercial places. It provides users with an internet-connected or electro-mechanically engineered lock system for access control. Its product portfolio includes smart locks, guest and delivery management systems, and smart home sensors. Its locks can be operated using its mobile application, access cards, and passwords. It comprises a touch panel and a wide-angle camera.
Key facts about Latch
- Founded Year: 2014
- Location: New York City (United States)
- Stage: Public
- Total Funding till date: $153M
- Investors: Lux Capital, RRE Ventures and 32 Others
- Latest Funding Round: Series B, Aug 01, 2019, $*****
- Tracxn Score: 78/100 What is this?
- Competitors Rank: 1 of 686 Competitors
2. August
August is a provider of a smart lock and access system. It is a lock and access system that allows homeowners to grant access to trusted people for specific periods of time. It also offers a mobile application through which activity monitoring can be done for preventing threats.
Key facts about August
- Founded Year: 2012
- Location: San Francisco (United States)
- Stage: Acquired
- Total Funding till date: $73.1M
- Investors: Bessemer Venture Partners, Qualcomm Ventures and 34 Others
- Latest Funding Round: Series C, Jul 13, 2017, $*****
- Tracxn Score: 76/100 What is this?
- Competitors Rank: 1 of 78 Competitors
3. Level
Manufacturer of smart locks and related access control system components. The company designs locks with a focus on minimal design and integration. Products include smart locks, retrofit bolts, and keypad accessories. The locks are designed for security, durability, and ease of use.
Key facts about Level
- Founded Year: 2010
- Location: Redwood City (United States)
- Stage: Acquired
- Total Funding till date: $171M
- Investors: Walmart, Lennar and 4 Others
- Latest Funding Round: Series C, Nov 10, 2021, $*****
- Tracxn Score: 71/100 What is this?
- Competitors Rank: 3 of 686 Competitors
4. igloohome
Developer of keyless smart locks for both consumer and commercial applications. Its first offering is called Smart Keybox that can be unlocked with a PIN with Bluetooth. It also allows setting the starting day, time, and duration for which the code or key will work and unlocking the shackle with supplied physical keys.
Key facts about igloohome
- Founded Year: 2015
- Location: Singapore (Singapore)
- Stage: Series B
- Total Funding till date: $32M
- Investors: Insignia Ventures Partners, Wavemaker Partners and 46 Others
- Latest Funding Round: Series B, May 2024, $*****
- Tracxn Score: 69/100 What is this?
- Competitors Rank: 4 of 686 Competitors
Manufacturer of cloud-based smart door locks. It develops Bluetooth-based smart electronic door locks that enable users to remotely monitor and manage doors using a mobile application and web-based software. It detects users coming or going using Bluetooth and GPS and closes and opens up automatically.
Key facts about Nuki Home Solutions
- Founded Year: 2014
- Location: Graz (Austria)
- Stage: Public
- Total Funding till date: $25.8M
- Investors: Cipio Partners, Allegion and 5 Others
- Latest Funding Round: Series B, Aug 09, 2021, $*****
- Tracxn Score: 64/100 What is this?
- Competitors Rank: 5 of 695 Competitors
