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The NextMarket Report — LockState

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 (10/3/14): LockState Gets $, Roost Opens Up Slightly, SwannOne

Mike Wolf Kwikset LockState Roost Smart Home Weekly Smart Lock Swann WeMO

Welcome to the Smart Home Weekly's (previously Smart Home Week in Review) new outpost on the web. You can read about that here blackberries .  Now onto the week's stories and analysis: Wi-Fi Smartlock LockState Maker Gets $ 2 Million to Beef Up Business This is an interesting one and a story That really was not covered anywhere That I can see (the company did not even put the news on Their website.) LockState , Which Has Been making Wi-Fi smart locks for some time, quietly Has gotten a round of funding from Cypress Growth Capital. The news release (sent...

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