Level Home Raises $71M in Funding


Level 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.

For news about other connected products, you can read the The WiredShopper.



Join the discussion