smart lock maker open app raises funds from axilor ventures, kumar vembu

by:DIgao     2020-05-29
Axilor Ventures led by Infosys co-
Founder Chris Gopalakrishnan and S. D.
Shibulal and co-Kumar Vembu
The founder of Zoho, an enterprise computing service provider, has invested in open device Pvt. Ltd. (Open App)
Industrial manufacturers-
Enterprise Smart Lock.
The company said it had raised $5.
In this round of financing, 50 lakh.
The company will use the money to strengthen the supply of its products and expand into new vertical areas.
The company says its smart lock products are based on proprietary technology designed to break the traditional keysBased on the solution.
It says the technology makes access traceable, identity
Control and intelligence.
Open App currently works with big customers in two vertical areas
Internet service providers and warehousing.
\"We are excited about the huge number of opportunities in the field of physical security in India,\" co-
In a statement, the founder of Open App. Wi-
The global market for physical security equipment and services is expected to grow to $197, the company said.
7 billion to 2019, of which-
Access control and access-control-as-a-service (ACaaS)account for $6. 06 billion.
Smart Lock solution using Open App, which acts as Wi-
The Fi access point, which signals its own WiFi, enables the remote smartphone to connect to the network and then run the network.
While providing management with detailed dashboards for employee access, the technology eliminates issues related to physical key duplication.
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