Openpath, a Los Angeles, CA-based company that creates smart, secure access systems for the modern office, raised $20m in Series B funding.
The round was led by Emergence Capital with follow-on from all existing investors (Sorenson Ventures, Bonfire Ventures, Upfront Ventures, Pritzker Group Venture Capital and Fika Ventures).
The company intends to use the new funds to further innovate and scale technology that enables employees to enter the office using their smartphones and makes office management easier than ever.
Led by Alex Kazerani, co-founder and CEO, and James Segil, co-founder and President, Openpath provides Openpath Access, which combines hardware with an app, enabling employees to enter the office using their smartphones. The company’s patented technology features encryption at every level and shields against cloning, sniffing and key copying.
The cloud-based management system ensures business owners and landlords can manage multiple offices and buildings from a single console without having to install and manage local software and servers.