Smart lock startup August Home has been acquired by Swedish lock giant Assa Abloy. Terms of the deal were not disclosed.
Founded out of San Francisco in 2013, August creates a home access system that uses smartphones to lock and unlock doors. Before being acquired, it had inked some notable partnerships with property marketplaces like Airbnb and HomeAway to allow guests to access dwellings without a physical key. Google also recently revealed that August’s locks were compatible with Google Assistant.
Founded in 1994, Assa Abloy is among the world’s biggest lock manufacturers by revenue, with around $8 billion in sales last year and 47,000 employees. August had raised around $75 million in funding, including a $25 million round just a few months ago, and claimed around 90 employees.
Assa Abloy has already developed a number of smart home connected lock systems, though this acquisition reels in video doorbell systems, which August also offered.
“August Home strengthens our residential smart door strategy with complementary smart locks, expansion into video doorbells, and comprehensive solutions for home delivery,” noted Thanasis Molokotos, executive vice president and head of Americas for Assa Abloy, in a press release first spotted by TechCrunch.
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