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The NextMarket Report — Danalock

Danalock Second Generation Smart Locks Coming This Fall, Zigbee Now Included

Mike Wolf Danalock Smart lock

I recently had a conversation with the CEO of Polycontrol,  Henning Overgaard, and he had some interesting things to tell me. One is this: new Danalock models are coming this fall which, according to Overgaard, are much improved over the previous generation. He told me they learned a lot from the first generation product locks, which were the first models on the market to include both Bluetooth/Z-Wave as well as work with European style mortise locks.   While they were sufficiently differentiated in the market based on those two features, the Overgaard told me they realized quickly products for the the US market...

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Smart Lock Maker August Raises Monster Round, Starts To Spend It

Mike Wolf August Danalock Lockstate Smart Lock Unikey

After a successful launch for its first generation smart lock, August announced a new funding round this past week in the form of a series B for $38 million. That's a big raise, so it tells you a couple things: One, August's valuation, if not quite in Unicorn territory, could be nearing at least half-a-unicorn. In other words, Bessemer and others see August as the type of "hero product" that could possibly get a Nest-like return if it were to get acquired.  Of course, a big valuations needs a big addressable market, and with the smart lock market expected to reach $3.6 billion by 2019, August...

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Smart Home Weekly (10/18/14): Bluetooth Smart Home, August/Danalock Shipping, Oort, CSR

Mike Wolf August Bluetooth CSR Danalock Mesh Oort Qualcomm Smart lock

Another week in smart home has wrapped up, and much of this week's news has as much to do about what wasn't announced as what was. That's because Apple's October 16th event came and went and we are still without a new Apple TV.  I bemoaned this fact on Twitter, and someone responded suggesting that Apple will likely have an Apple TV/HomeKit event early in 2015. Maybe, but I think if the company wants its partners to bang the HomeKit drum at CES (Apple doesn't beat any drums at CES, wisely choosing to create their own "news" with special events),...

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