Openpath, a Los Angeles, CA-based provider of a mobile access control solution with a cloud-based technology for the built world, received an investment from Allegion Ventures.
The amount of the deal was not disclosed.
Allegion Ventures, the $50 million corporate venture fund of Allegion plc, will help Openpath grow through expertise and experiences in seamless access and people flow, building codes and specification, mobile applications, channel distribution, global market penetration and more.
Led by Alex Kazerani, co-founder and CEO, Openpath creates smart, secure access systems for the modern office. The company’s flagship product, Openpath Access, combines sleek hardware with an app, enabling employees to enter the office using their smartphones and making office management easier.
Founded in 2016, Openpath has raised $27 million to-date from Emergence Capital, Sorenson Ventures, Bonfire Ventures, Upfront Ventures, Pritzker Group Venture Capital and Fika Ventures.