LEID Products Raises $375K in Funding
LEID Products, LLC, an Auburn Hills, MI-based technology company offering electronic storage solution with asset tracking and management software, raised $375K in funding.
Investors include the Michigan Pre-Seed Capital Fund, which committed $250k and private backers, which contributed $125k.
The company will use the funds to expand its sales and marketing efforts.
Led by President Sam Hoff, LEID Products manufactures electronic locker, cabinet and gun rack storage with biometric asset protection and control. The company’s Biometric Access Control Systems (BACS™), are designed to streamline operations at military facilities, medical facilities, crime and research labs, law enforcement departments, universities/colleges, libraries, and large corporations by securing, tracking and providing full accountability to clients’ critical assets, evidence, medications, and weapons.
Clients include police departments, military facilities, federal agencies, hospitals and major software corporations.