LockState, the parent company of RemoteLock cloud platform for smart locks, has raised US$5.8 million in a Series A round of funding to further its marketing and expansion efforts, the company announced.
Nolan Mondrow, founder and CEO of LockState, said the latest funding will support the company’s sales and marketing plans. “We’re looking to expand our partner opportunities in emerging areas like blockchain, and the growth in cloud based physical access control overall.”
LockState is enabling the smart building where it matters most – not thermostats or lighting, but in access control, said Ryan Pollock, Managing Partner at Iron Gate Capital, which led the funding process. “Building an enterprise class solution that is agnostic to the many lock architectures and brands out there is challenging, and we are excited to partner with the leader in the category.”
RemoteLock’s smart lock platform lets users manage any internet-enabled locks from a single centralized dashboard. Its users include managers of vacation rental properties, retail stores, commercial space and apartments.
Through integrations with Airbnb, HomeAway and other listing partners, RemoteLock apps automate guest access when bookings are confirmed. The platform allows users to manage access control across different connected locks for main entryways, internal units, elevators, parking garages and pool gates.
Additionally, RemoteLock offers an open API, enabling integrators to incorporate monitoring and control of smart locks into their own applications more easily.
RemoteLock serves tens of thousands of rental and commercial properties today and has established partnerships with Airbnb, HomeAway, Ayla, August Home, Mercury Security, KKE, Streamline, Guesty and many more. Its Customers include Target Stores, Love’s Travel Stops, Coldwell Bankers Vacations, Century 21, Quiznos and Ring.