What If You Never Had To Touch A Door Again
Matty-Sways
Last Thursday news came from Culver City startup Openpath that they have raised $36 million in Series C round. The worldwide pandemic has made it evident that there is a large demand for ways to secure spaces remotely, according to CEO Alex Kazerani.
Openpath allows customers to open doors via Bluetooth, Wi-Fi or LTE. Its flagship platform, SurePath Mobile, integrates with products like G Suite and Office 365 to allow administrators to schedule locking times and manage permissions, while its encryption shield protects against key copying. Openpath’s customers operate in commercial and residential real estate, education, retail, industrial, gyms and religious spaces.
He reported that June ended with the best sales month in its history, and “July 2020 is looking even better.”
“We’ve seen inbound leads and pipeline grow, and our resellers are sending out more proposals than ever,” Kazerani wrote in an email to Built In. “We can definitely see a spike in web traffic as well for COVID-19 related searches for our technology.”
The company recently unveiled a new feature called Wave. The new contactless entry feature now allows customers to unlock doors by waving their hand, touching their elbow, swiping their cell phone and more.
“We tested it and pushed it out quickly,” Kazerani said, adding that more than 10,000 doors across the country now have the feature.
The Series C round now brings total investment in Openpath to $63 million. Greycroft led the round, with participation from Okta Ventures, LPC Ventures, Allegion Ventures, Sentre and existing investors.
