Level Home Raises $71M in Funding

levelLevel Home Inc., a Redwood City, CA-based smart home company, has launched its invisible smart lock with $71m in funding.

Backers included strategic investors Walmart and Lennar Homes and investment firm Hut 8 Ventures.

Founded in late 2016 by John Martin, CEO, and Ken Goto, CTO, Level Home is debuting the Level Lock and invisible smart lock that transforms an existing lock into a smart lock in minutes, allowing consumers to preserve the design of their homes.
The Level Lock is designed to fit inside a deadbolt and lets people share access to family and friends, or service providers at the touch of a button. With Apple HomeKit, users can operate Level Lock via Siri, add automations such as locking the door when the last person leaves, or receive real-time entry and exit notifications.
The product will be available to the general public starting in January 2020.

FinSMEs

15/10/2019

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