Smart lock startup August Home has been acquired by Swedish lock giant Assa Ablo. 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 Augusts locks were compatible with Google Assistant.Founded in 1994, Assa Abloy is among the worlds 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.
Source: Sweden’s Assa Abloy acquires smart lock startup August Home | VentureBeat
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