Silicon Valley Access Startup Proxy Raises $13.6 Million

By: Dan Gelinas, Published on Mar 28, 2019

This mobile-credential based access startup just raised $13.6 million in funding. 

Further, they claim that their technology can free businesses from the physical credential and do it with an atypical blend of security and convenience, delivering the "frictionless workplace." They say they want to "digitize your identity and make it universally accessible, secure and private," as seen in the screenshot from their LinkedIn page [link no longer available] below:

In this note, based on our research, we look at the following topics:

  • What funding have they raised
  • What is the company background
  • How they are looking to grow
  • How their technology works
  • Pricing
  • How they compare/compete 
  • Outlook

**** ******-********** ***** ****** startup **** ****** $**.* million ** *******. 

*******, **** ***** **** their ********** *** **** businesses **** *** ******** credential *** ** ** with ** ******** ***** of ******** *** ***********, delivering *** "************ *********." They *** **** **** to "******** **** ******** *** make ** *********** **********, secure *** *******," ** seen ** *** ********** from ***** ******** **** [link ** ****** *********] below:

** **** ****, ***** on *** ********, ** look ** *** ********* topics:

  • **** ******* **** **** ******
  • **** ** *** ******* background
  • *** **** *** ******* to ****
  • *** ***** ********** *****
  • *******
  • *** **** *******/******* 
  • *******

[***************]

*** ******* *** * definite ****-****, *********-******-*****-******* ********* vibe ** **** ** the********* ********* ***** ******** **** [link ** ****** *********]:

*** *******'******** **** **** ** its ****** ** ** "humanize **********."

What ******* **** **** ******

******* ******-********** *********** ***** ** **** they *** ********* * Series * ******* ***** worth $**.* *******, ******** the *******'* ******* ***** ** $16.6 *******. *** ***** was *** ********* *******, ********** ************ **** ******** ***, ******, ********, ****, ****, Slack, *******, *** ******, among ******.

******,* **********, ********* ************** ************ ** *** funding *****, ********* ** the *******'* ******* ***** release.

*** ******* ********** ****** ~$3 ******* ** *** separate **** ******* ******, one ********* *** ******.

What ** *** ******* **********

**-******* ** **** ** CEO Denis **** [**** ** longer *********] *** *** ***** Ratner [**** ** ****** available], ********* ********** ** ******** ***  ******* **** out ** * ****** to ***** *** *** IoT ******* **** *** proliferating *** ******** *** end ****'* *********** **** ***** surroundings ** **** ** the ********** *****:

***** ** ************* ** San ********* *** **** has ******** *** ***** operations ***** ** ********* *** Shanghai, ************.

Currently ******

***** ** ********* ******* to ****, ************* ********* ** ***********, ******** *********** (customer *******), *** ************** as **** ** *** screenshot *****:

How ***** ********** *****

**** *** *** ****** the ***** ******** *** can *** ****** ** its ********.

*******

*** ***** ****** ** designed ** ****** ** standalone ** **** **** a ********'* ******** ****** control ******.

*** ******* ***** ************* **** Amag, ****, ********, *-****, Gallagher, *******, *********, *******, Lenel-S2 ***** ******, ** seen *****:

*** ******* ******* ** ***** site ***** ******** ******* ******* estimates *** ***** *****.

*** *******, * ****** door ** ****** ******* working ** ** ******** Lenel-S2 ****** ** ****** at $***. ******* ******** 1 *********** ******, *** ~$***, ***** replaces ** ******** ****** using *** ******** ****** cabling.

*******,  *** ********* ****** Access **** ** ~$**/* per ******, ****** ** $228/year. ********* ****** *********** are ********.

** ****** ** ***** that ***** ****** *** for ******** *** ******* only *** ** *** cover ***** ***** *** installation ** *** ******, door *******, **** ******** switches, ** ******* ** cable, *** ******* ***** for ***** ********** *******.

** ******** ** ***,* ********** *** '****** enabled' ***/*** ****** ***** for ~$***,*** *** *************** ****** *********** ************** ~$*.** *** **** per *****.

** **** *****, ***'* offering **** ** ******* than *****, *** *** is *********** ******* **** to ************ ****** ******* while ***** *** ********** be **** *** ******* other '****** *******' *******.

Compared ** ********

*** ** *****'* ******* competitors *** ****** ** ********. *******, ******** ****** a ******** ** *** the ***** ******, ***** Proxy ****** ********* ** use **** *** ***** reader **** ***** ******** system.

** ** **** ****** manufacturers ** *********** *********** will **** **** ***********, given **** *** ****** works ** *** ** legacy ****** ******* ******* and ****** ********* ** get *** ** *** extra ******* ** ****** and ******** **** ***********.

*******

*** ****** ****** ***** does *** **** * clear *********. *** ** the ****** ****** ** hard ***********, *** **** mobile, *** **** *** have ** ***** * presence. ****** ****** ** a *** **** *** Wild **** **** ***, that ***** *** ****, a ******* **** ****** the ***** *** **** mobile ****** **** *** right, ****** ** **** market *****.

****, **** ******** ******** like ***** ****** [**** no ****** *********] (*********, HID, **** *****) ******* advisory *****, ***** **** be **** ** ******** vast ******** ********* *** experience ** **** *** grow. ****** ** ** odd **** ***** ******, President ********* ******** ********** *** *** of ***** ******, * competitor.

******** ****** *** **** strong. *** ********, ***** has ***** **% [**** no ****** *********] (******** ******* Insights ** ******) ***** 2017, ** **** ** the ********** *****:

Comments (9)

Undisclosed Integrator #1

03/28/19 01:43pm

* ***** *** **** IOT ****** **** *** registered **** *** ****** platform, *** **** ********** they ****** ** *** hacker ***** ** **** as *** ******* ******-***** of ******* ***** **** most ***** ****** *** base ***** ***** ***** off **.

**** ******** ** **** pricey, *** * **** their ***** ** ***** able ** *****-**** **** an ******** ****** ******** system.

* **** ***** **** IT **** ******** *** they **** ***** ******* their ********* *** ***** mobile ***** *** ******* access ** ***** *** secure ******* *****, *** the ******** *** *** been ************** *********. ** spooks **** *** ** allow ******* **** **** don't **** ****** ******* over ** ** **** to ****** ***** *****.

****** *********** *** ******* us **** * *** of ****** *** *****'* little ****** *** ****** do ** **** ** down ** **** *****.  Mobile **********, *****?  

***** *** **** ** age, *** ****** ********** feels **** ** **** that ***** ****** ******** commercial ***** ******** ** drinking ****** **** ...  it **** ***'* ***** .. ***

 

Undisclosed Integrator #1

03/28/19 02:38pm

* ** * *** confused ** *'** **** to **** ******* ***** product/solution **********:

* ******* ** * door ******** **** ******* .. ** ** ******* the **** ****** ******* of *** *** ****** and ** *** ******* an ****** ********* .......

Undisclosed Manufacturer #2

In reply to Undisclosed Integrator #1 | 03/29/19 03:47am

*** ***** *** *** Access ********* ******** ***** from **** ***** ** an ******** ******, **** in *** ******** ******* when ** *** ********* to ** ******** *****-** system. * *** ****** probably **** *** **** it, **** * ***** though.

Avatar

Brian Rhodes

IPVMU Certified | In reply to Undisclosed Manufacturer #2 | 03/29/19 10:37am

*** '*********' ** **** for * ***-***** ******, but ** ******* **** using * *****-**** ******.

 

Undisclosed Integrator #1

03/29/19 09:47am

* ** ********* ** the ***** ****** **** goes ** *** ****** side *** ** ** located ***** **** **** it ***** ********* ** their *******?  ** ** necessary *** **** ** the ****** ******** **** have ***** **** ********* on ***** *******, **** as ****** *******, ***?  

*** ****** * *** is **** *** ** the ******* **** **** to ** ********* ** Class * ****** ***** .. ****'* *** ***** ... **'** ******* **** readers ** ****** ***** entrances, **** ******** *** exterior *****, *** *** one ***** **** ** usually **** ****** * factor ** .. **** light ********, **** ******, etc *** ********* ** their ******** **** ** the **** ****** ** the ****** **** *** reader *** ** ** mounted ** *** ******* wall.  **** *****, *** wall ****** ******** ****** is ***-********** ** ******** and *** *****, *** the **** ******* ***** have ** ***** ** the **** ******** ****** guidelines, **** * ****** sway ** ** ****.

**** * ** ****** is **** ***** ***** there **** ***;* ** open **** ***** ** the ******** **** *** the ***** ****** ** be *********** *** ************* mounted ... *****'* ******* multi-bank ***** ********, ***. mounted *****.  

** ***** **** *** more ********** ****** ** the *********** ** ****** apps, *** **** ** have ** ****** ***** as *** ** *********** good ******** ************ ********* goes.  ** **** ** be **** ******** ******* convenience, *** *** **'* turning *** ***** ***.

*** ***** *** **** the ***** ****** ******* right ***** ** ****** height ** *** ******?  Could ** ** ***** the ****, **** ** like * *** *** device, ** **** ******, could ** ** ******* above *** **** ******* on *** ****** **** and *** ***** ****** wires *** ** ** it?  

** ***** * ****** switch ** *** ***** module *********?

 

Avatar

Denis Mars

In reply to Undisclosed Integrator #1 | 04/02/19 08:50pm

***** **** ***** ****.

*** ***** ****** *** be ********** ******** ****** the ****** ** *** door -- ** *** be ** **** * REX ***, ***** *** drop *******, **** ****** the *******. ** **** as **'* ** *** secure ****, *** *** can ***** ********. ***** with *** -- ** always ****** ******* ****** traditional **** ******** *********; this ** ********* ********** of **** ****** ** ********. 

***** ** * ****** switch ** *** ****** but *** *** ***** module *********.

Undisclosed #3

03/29/19 12:58pm

***** *** ****, **** do ************ ****** ******, I ***** ***** ******** concepts *** ****** ****.

*****://***.****.**/

Undisclosed #4

04/01/19 07:28am

** **** **** ** one ** *** ******* (not ****).  *** ******* are ******* **** * think ** ******* *** on *** *** ******.  Key ****** *** ********* was *** ***, ***** allows *********** ** ***** building *********.  * **** swipe ** * ******** way ** ***** *** is ***** ** **** time.

Avatar

Brian Rhodes

IPVMU Certified | 04/02/19 06:30pm

*****'* *** ********* ** the **** *** ******* out ** ***** *** company *** ***** ** their ******* ****:

*** ****** ****** ********* is **** ******* ** installations ** ***+ *****. All ***** *** ******* work **** ******** ****** control ******* ***-**-***-***. *** connector ** **** **** (optionally) *** ***** *********** - ********* *** ***-**,***+ doors ***** ********* **** to ******** ********** ************ at ***** ***** **** ***** existing (** ********) *******. When ********* ***** *** 100+ *****, *** ********* cost $*,*** **** ******* once ** **’* ******* nominal.

** *** *** ****** door/ ******** ****** ******, pricing ***** ** ~$*,*** less, ** * ***** of $*** *** ****, a *** ********.

*'** ******* *** **** with *** ******* *******.

*** *** **** ********* to ***** ******'* **** as ***** ******* ***** also ** ***** ** Feenics:

** ***'* *** ******* or *** ***** **** manufacturer ** ******** ** competitors – ** ****, we **** **** **** of **** ** *** value (****** ******, ******** and ****** - **** share **** *******) ** their ******** ******* *** provide **** *** ***** to ***** **** **** value ** ***** *********. We *** ********* **** much ** ** **** platform and *********-******** ******, ******* **** all ******* ** *** industry, ******* ** ***** value ***** ** *** to **** *********, *******, and *******.

 

Login to read this IPVM report.
Why do I need to log in?
IPVM conducts unique testing and research funded by member's payments enabling us to offer the most independent, accurate and in-depth information.

Related Reports

BluB0X Alleges Lenel, S2, Software House Are Dinosaurs on Feb 13, 2020
BluB0X is running an ad campaign labeling Lenel, S2, Software House, Honeywell, AMAG and more as dinosaurs: In a follow-up email to IPVM,...
Verkada Raises $80 Million, Triples Valuation To $1.6 Billion on Jan 30, 2020
Verkada's rocketing valuation continues. 9 months ago, they got a half-billion valuation and now they have announced more than triple that, at $1.6...
Brivo Business Profile 2020 on Jan 27, 2020
Brivo has been doing cloud access for more than 20 years. Is the 2020s the decade that cloud access becomes the norm? CEO Steve Van Till recently...
Directory of Access Reader Manufacturers on Nov 27, 2019
Credential Readers are one of the most visible and noticeable parts of access systems, but installers often stick with only the brand they always...
UTC Really Screwed Up The Interlogix Shut Down on Sep 27, 2019
UTC has made many mistakes in security over the years, however, the shutting down of Interlogix is one of the biggest screwups in industry history....
ProdataKey (PDK) Access Company Profile on Aug 09, 2019
Utah based ProdataKey touts low cost cloud access, wireless controllers, and no dealer required national distribution availability. But how does...
Giant Tyco Campaigns Against Startup Qumulex on Jul 25, 2019
One is a giant conglomerate that owns the world's largest security integrator. The other has no shipping products. But Tyco is campaigning...
Verkada Salesman: IPVM "Stuck In A The Stone Age" on Apr 25, 2019
Verkada is 'tackling dinosaurs' and battling those, like IPVM, who are 'stuck in a the stone age'. Verkada's recent sales recruiting promotion...
ACRE Acquires RS2, Explains Acquisition Strategy on Apr 19, 2019
ACRE continues to buy, now acquiring RS2, just 5 months after buying Open Options. One is a small access control manufacturer from Texas, the...
Startup GateKeeper Aims For Unified Physical / Logical Access Token on Apr 04, 2019
This startup's product claims to 'Kill the Password' you use to keep your computers safe. They have already released their Gatekeeper Halberd...

Most Recent Industry Reports

Pivot3 Mass Layoffs on Mar 27, 2020
Pivot3 has conducted mass layoffs, the culmination of grand hopes, a quarter of a billion dollars in VC funding, and multiple failures to gain...
Athena CEO Criticizes 'Deplorable' 'Nitpicking', IPVM Refutes on Mar 27, 2020
Athena Security's CEO Lisa Falzone has strongly objected to IPVM's reporting on Athena, calling it 'deplorable' and repeatedly criticizing IPVM's...
Hikvision Admits Sanctions Harming Its Financial Performance on Mar 27, 2020
While Hikvision initially downplayed being sanctioned for human rights abuses, the company is now admitting a significant impact in a new PRC...
New Axis M30 Cameras Tested on Mar 26, 2020
Axis has released a new generation of, for them, relatively low cost M30 series cameras, claiming to deliver "sharp video quality even in poor...
Coronavirus Shuts Down ADT Door Knockers on Mar 26, 2020
Coronavirus has another victim - this time, alarm giant ADT has stopped all door to door sales. Door knockers are a critical but controversial...
Access Control Course Spring 2020 - Save $50 Last Day on Mar 26, 2020
Register Now - Spring 2020 Access Control Course. Today, March 26th is the last day to save $50. IPVM offers the most comprehensive access...
Convergint Coronavirus Cuts on Mar 25, 2020
One of the world's largest security integrators, Convergint, has made a major move to handle the impact of coronavirus, with cuts across the...
VSaaS 101 on Mar 25, 2020
Video Surveillance as a Service (VSaaS) is the common industry term for cloud video. But what does it mean? How does it all work? Inside this...
TVT / InVid Facial Recognition Tested on Mar 25, 2020
Facial recognition is frequently sold for thousands of dollars per channel but some China manufacturers are offering full facial recognition...
IPVM Launches On-Demand Courses on Mar 24, 2020
For nearly a decade, IPVM has been a leader in online live courses. Now, we have added on-demand versions for all courses. The same course...