DENVER, Feb. 2, 2023 /PRNewswire/ — KoreLock, an rising IoT Smart Lock expertise firm, is happy to announce funding to help the event and growth of its Smart Lock expertise and software program platform. Private fairness agency Iron Gate Capital and engineering agency Kozo Keikaku Engineering, Inc. have invested within the firm alongside administration.
KoreLock serves an unlimited market of lock producers, specialty lock manufacturers, and software program firms trying to convert their present offline locks into cloud-connected Smart Locks.
“KoreLock addresses the market want for OEM Smart Lock expertise with wi-fi integration to entry management software program companies,” stated Grant Walter, KoreLock President and CEO. “Traditional lock firms have tried to develop their very own Smart Locks however deserted these efforts missing the capabilities to do it themselves.”
KoreLock focuses on embedded printed circuit board options that assist lock producers overcome the complexities of growing related Smart Locks, cut back prices, and shorten their general time-to-market.
“KoreLock provides a singular entry management resolution for the lock manufacturing {industry} that matches properly with our give attention to early-growth stage B2B expertise firms,” stated AJ Dye, Partner, Iron Gate Capital.
KoreLock’s patent-protected expertise is embedded in over 50,000 locking units in 65+ nations and has been examined and confirmed for over a decade.
“KoreLock is well-positioned for accelerated progress, anchored by partnerships with industry-leading lock manufacturers worldwide,” added Walter. “We are investing meaningfully to increase our workforce, options, and prospects.”
About KoreLock
KoreLock, Inc. is an IoT expertise firm that gives turnkey embedded Smart Lock options that allow producers of door locks or entry management {hardware} to construct and promote related locking units. Korelock, Inc. is a privately held firm based mostly in Denver, Colorado.
About Iron Gate Capital
Iron Gate Capital, LLC is a nationally acknowledged deal-by-deal non-public fairness agency investing in market main “early progress” expertise firms on behalf of over 60 households. Iron Gate Capital relies in Boulder, Colorado.
About Kozo Keikaku Engineering, Inc. (KKE)
KKE is an expert design and engineering agency that acts as a bridge between the educational and enterprise worlds. KKE strives to unravel varied points and challenges that society faces, using its engineering experience acquired via data exchanges in numerous fields. KKE relies in Tokyo, Japan.
SOURCE KoreLock, Inc.