What is RemoteLock?
Founded in 2004 and headquartered in Denver, Colorado, RemoteLock offers a Software-as-a-Service (SaaS) solution called EdgeState. This platform aggregates connected locks from various manufacturers, providing a unified system for remotely managing access for guests, employees, and staff. The company's technology aims to streamline operations and enhance security for businesses by offering a centralized, user-friendly interface for access control. RemoteLock operates within the burgeoning smart home and enterprise security markets, leveraging IoT technology to deliver its cloud-based management services.
How much funding has RemoteLock raised?
RemoteLock has raised a total of $25.9M across 4 funding rounds:
Unspecified
$2M
Series A
$5.8M
Debt
$350K
Series B
$17.8M
Unspecified (2014): $2M with participation from Cypress Growth Capital LLC
Series A (2018): $5.8M led by Iron Gate Capital
Debt (2020): $350K supported by PPP
Series B (2022): $17.8M, investors not publicly disclosed
Key Investors in RemoteLock
Iron Gate Capital
Iron Gate Capital is a venture capital firm designed by entrepreneurs for entrepreneurs. It operates as an exclusive investment consortium, offering access to a diverse range of opportunities across various stages, sectors, and asset classes through a deal-by-deal model.
Cypress Growth Capital LLC
Cypress Growth Capital specializes in providing royalty-based funding, offering flexible and non-dilutive growth capital tailored for emerging companies, particularly in the SaaS and tech-enabled services sectors. Their funding model allows businesses to retain equity while accessing necessary capital, with payments adjusting based on revenue performance.
What's next for RemoteLock?
With its recent major strategic investment and substantial total funding, RemoteLock is poised for significant scaling. The company's focus on consolidating disparate smart lock technologies into a single SaaS platform positions it to capture a larger share of the access control market. Future growth is likely to involve expanding its hardware partnerships, enhancing its EdgeState platform with advanced analytics and AI-driven features, and increasing its enterprise client base. The company's trajectory suggests a continued emphasis on innovation in IoT security and remote management solutions.
See full RemoteLock company page
