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The NextMarket Report — unikey

Smart Lock Funding Frenzy Continues As Unikey Gets $10 Million Series A

Mike Wolf August Kwikset Samsung Smart Lock Unikey

Follow @michaelwolf Ok, so maybe 'frenzy' is too strong a word, but after August's $38 million series B about two weeks ago, we're seeing some significant validation of the market. I had a chance to talk to Unikey CEO Phil Dumas, and he made it clear the focus of this funding round was on strategic investors rather than traditional VCs: "Although we let some traditional VCs in this round, it was more important for us to bring in strategic investors." Some of the 'strategic investors' that were part of the round include CBRE (a $9 billion commercial real estate company) and Samsung.  Why...

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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: Bluetooth Mesh, Smart Kitchen, Xiaomi, Echo, Pebble, Icontrol

Mike Wolf Bluetooth HomeKit Icontrol Kevo Kwikset Mesh Pebble smart lock smart watch smartwatch SXSW Unikey Xiaomi

It's been one of those weeks in smart home where, while there were no big in-your-face smart home announcements, there were plenty of important developments on if you knew where to look. And that's what we did here for you in the Smart Home Weekly for the week of March 2, 2015. Before we get into it, just a couple things to mention: If you're going to SXSW, make sure to stop by our smart home panel (the only official smart home panel at SXSW) and RSVP for the smart home party I'm throwing after with the folks from the Z-Wave Alliance.  Subscribe...

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Kevo, Kwikset's Smart Lock, Pushes Android App Out of Beta

Mike Wolf Kevo Kwikset smart lock Unikey

Kevo, the smart lock from Kwikset based on the Unikey platform, has pushed its Android app out of beta. It was a big deal when Android finally got its Bluetooth Smart act together enough for Unikey and its team to create an Android app (The Kevo had been iOS only for most of its existence), but the downside to Android’s fragmented nature across a multitude of smartphone models is that only certain models have Android 5.0/Lollipop (the latest Android rev), meaning only those phones can use the Kevo app for Android. I have a less-than-year-old HTC One M8, a pretty cutting edge Android...

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