DENVER, Feb. 2, 2023 /PRNewswire/ — KoreLock, an rising IoT Sensible Lock expertise firm, is happy to announce funding to assist the event and enlargement of its Sensible Lock expertise and software program platform. Non-public fairness agency Iron Gate Capital and engineering agency Kozo Keikaku Engineering, Inc. have invested within the firm alongside administration.
KoreLock serves an enormous market of lock producers, specialty lock manufacturers, and software program corporations trying to convert their current offline locks into cloud-connected Sensible Locks.
“KoreLock addresses the market want for OEM Sensible Lock expertise with wi-fi integration to entry management software program providers,” stated Grant Walter, KoreLock President and CEO. “Conventional lock corporations have tried to develop their very own Sensible Locks however deserted these efforts missing the capabilities to do it themselves.”
KoreLock makes a speciality of embedded printed circuit board options that assist lock producers overcome the complexities of creating related Sensible Locks, cut back prices, and shorten their general time-to-market.
“KoreLock gives a singular entry management answer for the lock manufacturing {industry} that matches properly with our deal with early-growth stage B2B expertise corporations,” stated AJ Dye, Associate, Iron Gate Capital.
KoreLock’s patent-protected expertise is embedded in over 50,000 locking gadgets in 65+ international locations 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’re investing meaningfully to increase our group, options, and prospects.”
About KoreLock
KoreLock, Inc. is an IoT expertise firm that gives turnkey embedded Sensible Lock options that allow producers of door locks or entry management {hardware} to construct and promote related locking gadgets. 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 personal fairness agency investing in market main “early progress” expertise corporations on behalf of over 60 households. Iron Gate Capital is predicated in Boulder, Colorado.
About Kozo Keikaku Engineering, Inc. (KKE)
KKE is knowledgeable design and engineering agency that acts as a bridge between the educational and enterprise worlds. KKE strives to resolve numerous points and challenges that society faces, using its engineering experience acquired by way of data exchanges in various fields. KKE is predicated in Tokyo, Japan.
SOURCE KoreLock, Inc.
