UniKey Raises $10 Million in Series A Funding
“One must put themselves in the path of giants.”
We pioneered the smart lock category nearly five years ago and now we are leading the market with the most secure and convenient smart lock for your home, the Kwikset Kevo powered by UniKey. Today we are proud and excited to announce a Series A round of VC funding that will help us accelerate development for new vertical markets and international regions to truly bring UniKey’s smart access platform to any lock around the world.
UniKey has always been very scalable and highly capital efficient thanks to our partnerships with market leading hardware manufacturers. Our smart lock technology combines the convenience and user experience that any consumer would demand with the technical specs and security features necessary to meet the needs of enterprise and commercial markets.
Thanks to our loyal customers we have seen incredible growth in the smart home space. We’ve also seen major investments in the space and while we’re excited about the burgeoning smart home and everything we will continue to do with the locks on your home, we are also excited to grow this technology and bring our smart, intuitive platform to other markets around the globe. Imagine getting the same great convenient access that you get with Kevo in your office, during your hotel stay or in your rental car.
This investment will allow UniKey to focus on all the largest drivers of the IoT market, capitalizing on not just the smart home but also the smart commercial and smart enterprise/government markets to continue to create cutting edge technology paired with more secure access control for anything with a lock. Smart enterprise will be the largest IoT device market with 40% of the total IoT connected devices by 2019 according to Business Insider Intelligence. I see the smart lock market in enterprise, government and commercial skyrocketing to 12 billion units worldwide by 2020 and I’ve positioned UniKey to leverage this booming space and move beyond just the front door of your home.
The Series A round had participation from renowned investors: Asset Management Ventures, AXCIT, CBRE, ff Venture Capital, Samsung, Haas Portman, Oriza Ventures, The Broadway Angels, VI Partners along with other prominent global investors.
At our heart we will remain a software security company – channeling our energy and resources on the security implementation at the forefront, baked into our DNA, never as an afterthought. This begins with our product development and continues with our partnerships the leading security hardware companies in every market around the world.
We love locks and will remain focused on creating the most secure and convenient access control platform for your home, business, automobile, hotel room, etc. Thanks for the continued support and keep an eye on what is coming next from UniKey,
Phil Dumas
Founder & President
UniKey is hiring engineers and developers in the Central Florida office, if interested please visit our jobs site to find out more.
