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INDUSTRY FIRST

PropTech Leader Openpath Closes Series C Round with $36M Financing to Expand its Safety Platform for the Built World

Jul 16, 2020about 5 years ago

Amount Raised

$36 Million

Round Type

series c

Culver City

Description

Openpath, a security startup specializing in modern mobile access control for the built world, today announced it’s closed a Series C funding round of $36M, led by Greycroft, with participation from Okta Ventures, LPC Ventures, Allegion Ventures and Sentre, including follow-on from existing investors.

Company Information

Company

Openpath

Location

Culver City, California, United States

About

Openpath is a leader in mobile access control solutions. Openpath allows anyone to use their mobile phone to open an authorized door with the wave of a hand, without needing the phone or app open. Openpath's patented Triple Unlock technology delivers 99.9% reliability for a secure, frictionless and fast entry experience. With a robust cloud solution, Openpath provides a comprehensive suite of enterprise cloud capabilities, future-proofing the needs of the built environment. The company has introduced innovative Tailgating and Lockdown Solutions providing the ability to lock/unlock any door, zone or building in an emergency from a mobile device. Founded in 2016, Openpath is based in Los Angeles' Silicon Beach with an additional office in Indiana. Openpath unlocks more than five million doors per month and growing since 2018. To learn more, visit www.openpath.com.

FundzWatch™ Score

62
Medium Activity

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