Denver-based enterprise secures Sequence A Funding by way of partnerships with Iron Gate Capital and Kozo Keikaku Engineering.
ÂDENVER, Feb. 2, 2023 /PRNewswire/ —Â 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 unlimited market of lock producers, specialty lock manufacturers, and software program firms trying to convert their present 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 companies,” mentioned Grant Walter, KoreLock President and CEO. “Conventional lock firms have tried to develop their very own Sensible 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 Sensible Locks, cut back prices, and shorten their total time-to-market.
“KoreLock affords a novel entry management answer for the lock manufacturing {industry} that matches properly with our give attention to early-growth stage B2B expertise firms,” mentioned AJ Dye, Accomplice, 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 development, anchored by partnerships with industry-leading lock manufacturers worldwide,” added Walter. “We’re investing meaningfully to broaden our group, options, and clients.”Â
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 primarily based in Denver, Colorado.
About Iron Gate Capital Â
Iron Gate Capital, LLCÂ is a nationally acknowledged deal-by-deal non-public fairness agency investing in market main “early development” expertise firms on behalf of over 60 households. Iron Gate Capital is predicated in Boulder, Colorado.
About Kozo Keikaku Engineering, Inc. (KKE)Â Â
KKEÂ is an expert design and engineering agency that acts as a bridge between the tutorial and enterprise worlds. KKE strives to unravel numerous points and challenges that society faces, using its engineering experience acquired by way of information exchanges in numerous fields. KKE is predicated in Tokyo, Japan.
Contact: Grant Walter, President and CEO, KoreLock, Inc.Â
[email protected], 303.681.5785
SOURCE KoreLock, Inc.
