Latchable, Inc.
| ISIN | 🆔 |
|---|---|
| Industry | Smart door systems |
| Founded 📆 | 2014 |
| Founder 👔 | |
| Headquarters 🏙️ | , New York , United States |
Area served 🗺️ | |
Key people | Luke Schoenfelder (CEO) Brian Jones (CTO) Thomas Meyerhoffer (CDO) Ali Hussain (COO) |
| Members | |
Number of employees | |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
Latchable, Inc. (often referred to as Latch) is an American company making smart access systems that provides hardware and software to manage building access. The company has raised $96 million in venture capital.[1]
The company's headquarters are located in New York City.[2]
History[edit]
Latch was founded in 2014 by Luke Schoenfelder, Brian Jones, and Thomas Meyerhoffer.[3] Schoenfeider previously worked at Apple, cashing out his 401k to start the company.[4][5] A year later, the company joined the investment accelerator program of R/GA Ventures, powered by Techstars, in 2015.[6]
In February 2016, Latch announced that the company raised $10.5 million in Series A funding led by Lux Capital.[7] In May 2017, Latch raised another $10 million in Series A funding from RRE Ventures and existing investors.[8]
In August 2018, Latch raised $70 million in Series B financing from Brookfield Ventures.[9]
Partnerships[edit]
In July 2017, Latch announced a partnership with Jet. Jet installed 1,000 Latch R readers in buildings in New York City to make deliveries of packages easier and safer.[10] In October 2017, Latch announced its first unattended secure deliveries in NYC made through the Jet partnership.[11]
In November 2017, Latch partnered with the intercom company Comelit to improve automated and smart access to commercial buildings. The two companies propose a system which allows nonresidents to enter a building using a combination of a Comelit intercom panel and the Latch app[12]
In February 2018, Latch was announced as the exclusive provider of locks for Niido, the apartment-building startup supported by Airbnb, to be used for keyless entry for home sharing.[4]
In July 2018, Latch extended its partnership with UPS. The two companies run a program which allows UPS drivers to use Latch locks to leave packages in safe locations inside buildings.[13]
Products[edit]
Latch M, introduced in 2016, is a mortise lock with a deadbolt and an electronic reader that works with a smartphone, keycard or Doorcode.[14] The lock has a wide-angle camera that can provide a visual trail of door interactions.[15]
Latch R, introduced in March 2017, is an electronic access lock designed for apartment entrances, office glass doors, turnstiles and elevators, and other places where Latch M is not appropriate.[16]
Latch C, introduced in August 2017, electronic access lock designed to be installed on any door with a deadbolt.[17]
Latch's locks are popular among residents of new properties, with surveys showing that 86% of millennials are willing to pay one-fifth more for a smart apartment.[18]
References[edit]
- ↑ https://www.builtinnyc.com/2018/08/23/latch-funding
- ↑ https://techcrunch.com/2016/02/10/after-two-years-in-stealth-smart-lock-maker-latch-talks-funding-features/
- ↑ http://www.alleywatch.com/2018/08/the-alleywatch-nyc-startup-daily-funding-report-8-22-18/
- ↑ 4.0 4.1 https://www.fastcompany.com/90160614/the-future-of-airbnb-and-amazon-might-hinge-on-a-smart-lock
- ↑ https://www.inman.com/2018/02/15/airbnb-branded-apartment-will-use-latch-smart-access-locks/
- ↑ https://www.techstars.com/content/blog/announcing-the-11-companies-for-the-rga-accelerator-powered-by-techstars/
- ↑ https://www.pehub.com/2016/02/lux-capital-leads-10-5-mln-series-a-in-latch/
- ↑ https://techcrunch.com/2017/05/10/enterprise-smart-lock-player-latch-snags-another-10m/
- ↑ https://www.wsj.com/articles/digital-lock-startup-raises-70-million-behind-push-from-homebuilder-1534943205
- ↑ https://www.wsj.com/articles/wal-mart-company-startup-latch-pitch-nyc-landlords-with-systems-for-easier-delivery-1500228847
- ↑ https://techcrunch.com/2017/10/31/latch-touts-first-deliveries-via-ny-jet-com-smart-access-tie-up/
- ↑ https://www.cnet.com/news/latch-teams-up-with-comelit-for-smart-building-access/
- ↑ https://www.cnet.com/news/latch-and-ups-partner-for-apartment-building-deliveries/
- ↑ https://www.inman.com/2018/08/22/smart-access-startup-latch-raises-70-million/
- ↑ https://www.postalandparceltechnologyinternational.com/news/delivery/ups-trials-smart-locks-from-latch-to-access-new-york-apartment-blocks.html
- ↑ https://techcrunch.com/2017/03/08/latch-tools-up-with-second-smart-access-product-for-offices-apartment-blocks/
- ↑ https://techcrunch.com/2017/08/22/latch-adds-homekit-approved-smart-lock-to-its-enterprise-suite/
- ↑ https://www.bisnow.com/national/news/multifamily/smart-tech-becoming-key-to-attracting-renters-85172
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