KoreLock, Inc.
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KoreLock, Inc. - overview
Established
2022
Location
Greenwood Village, CO, US
Primary Industry
Software
About
Based in Colorado, US, and founded in 2022, KoreLock, Inc. provides an IoT (internet of things) based technology platform enabling lock manufacturers to design and manufacture connected Smart Locks. In October 2022, the firm raised USD 3 million in series A funding led by investors Iron Gate Capital and Kozo Keikaku Engineering, Inc. The firm’s technology, as of April 2023, is embedded in more than 50,000 devices in over 65 countries, and the company is led by its President and CEO, Grant Walter.
The company offers its patented, IoT technology-based hardware and services platform and PCBA (Printed Circuit Board Assembly) solution for lock manufacturers to develop connected smart locks, reduce costs, and shorten their overall time-to-market. The company mainly serves to lock manufacturers, lock brands, alternative locking mechanisms, and software platforms offering features, functionality, and software integrations to the lock industry. KoreLock also offers Wi-Fi for cloud connectivity with 18 months battery life, Bluetooth for local control, smart offline functionality, 2048-bit public/private key encryption, and lock firmware including access users, guest users, schedules, auto-lock, and passage modes. The company plans to utilize its October 2022 funding to further develop its software platform and accelerate its business operation.
Current Investors
Iron Gate Capital, Kozo Keikaku Engineering, Inc.
Primary Industry
Software
Sub Industries
Hardware, Software
Website
www.korelock.com
Verticals
Big Data, IoT (Internet of Things), IoT (Internet of Things), IoT (Internet of Things)
Company Stage
Series A
Total Amount Raised
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