Nexkey

Overview
News
Smart Security Tech?
Product stageSegments
Go-to-Market
?
Cloud-based access control
?

Nexkey is a company that offers cloud-based mobile access control solutions. Its flagship product, Nexkey Core, transforms existing mechanical locks into smart, cloud-connected devices that can be managed and unlocked via a smartphone app. The Nexkey Core was launched in 2019 and won the best new product in wireless access control at ISC West, a leading physical security trade show.

Nexkey's technology eliminates the need for traditional keys, key cards, or fobs, allowing businesses to grant and revoke digital keys instantly. The Nexkey app enables users to create and assign access permissions, while smartphones serve as "smart keys" to unlock doors, cabinets, and lockers. As of March 2022, thousands of businesses had adopted Nexkey Core to streamline their access management processes.

In an update released in March 2022, Nexkey introduced Nexkey Core II, an improved version of their flagship product. Core II features enhancements such as easier battery replacement, an improved handle for better grip, and proximity unlock functionality. Additionally, Core II expanded lock compatibility to support popular cabinet lock types like cam, plunger, and ratchet locks, enabling Nexkey to secure assets beyond traditional door locks.

Nexkey's solutions found applications across various industries, including gyms, healthcare facilities, and retail stores. In January 2022, the company developed new technology specifically tailored for retailers, enabling them to replace every lock in their stores with Nexkey Core, granting access to employees and minimizing theft through audit trails.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
245 S Railroad Avenue, San Mateo CA San Mateo CA USA
Founded year:
2013
Employees:
11-50
IPO status:
Private
Total funding:
USD 16.8 mn
Last Funding:
USD 6.0 mn (Convertible Note; Nov 2021)
Last valuation:
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