Last Lock

Overview
Smart Security Tech?
Product stageSegments
Minimum Viable Product
?
Cloud-based access control
?

Last Lock is a company that offers an enterprise access control solution featuring a proprietary smart lock cylinder designed for commercial and institutional facilities. Their innovative product aims to replace traditional door locks, providing a user-friendly and cost-effective alternative.

The technology behind Last Lock's smart lock combines mechanical locks with regenerative energy systems. The lock cylinder is shaped like a traditional lock, making installation simple, while offering the flexibility to unlock doors using traditional keys, fobs, or smartphones. A standout feature is its self-powering capability – the lock's batteries are recharged by the motion of unlocking the device, eliminating concerns about battery life. In the unlikely event of a depleted battery, the lock can be manually turned to generate the necessary energy for unlocking.

This self-powering design and ease of installation have opened up new markets for Last Lock, particularly targeting large commercial and institutional customers managing access across hundreds or thousands of doors. The company provides an access control dashboard alongside their locks, offering a comprehensive solution.

Last Lock's roots can be traced back to the University of Wisconsin, where the product was partially conceived at the UW Makerspace. The company, founded in 2019, is deeply rooted in Wisconsin, with its headquarters in Milwaukee, engineering operations in Madison, and manufacturing partnerships with machine shops throughout the state.


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 While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.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:
Madison WI USA
Founded year:
2019
Employees:
11-50
IPO status:
Private
Total funding:
USD 2.3 mn
Last Funding:
USD 1.5 mn (Seed; Oct 2022)
Last valuation:
-
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