Not only smartphones and other smart devices, you also need a smart lock in your life. igloohome, a Singapore-based company has been making the device for years. Recently, it announced that it has raised $15 million fund.
Insignia Ventures Partners, Wavemaker Partners, and SEEDS Capital co-led the investment. Followed by new investors such as Kickstart Ventures, TH Capital, PIne Venture Partners, On Asset Management and InnoVen Capital. As well as the regular investors Singtel Innov8 and Great Noble International.
The company plans on using the funding for research and development of new products. Including it’s newest product, iglooworks.
If igloohome is for individuals, iglooworks include products for enterprise customers. Mainly, they are real estate and infrastructure players. While the previous products are manageable through smartphone, this one needs a dashboard.
It is because the product does not only manage one property, but many properties at once. The technology of iglooworks allows customer to manage and monitor a huge number of access points. They can also sort, filter and export data through iglooworks system.
How igloohome’s Smart Padlock makes it easier for people to manage their properties
Currently, igloohome claims to have more than 100 distribution partners. As well as over 100 integration partners. And it also works with property developers in other countries such as Mitsubishi (japan) and Capitaland (Vietnam).
Among those partners Airbnb, HomeAway and Booking.com are the company’s biggest partners. The company’s technology makes it easier for property owner to manage their property from far away.
Owners can manage its Smart Padlock through their smartphone, without even using any internet data. The AlgoPIN technology allows them to send one-time or duration PIN codes for others to access.
They can also access the key through a special Bluetooth key if they are within the range of the lock. Another physical key is also available as a spare.