August Home builds smart locks and offers August Access, a partnership program that enables remote generation of temporary access codes for homeowners and landlords. Its core product targets rental and residential markets, and is designed to be updated via firmware post-sale. Most sales still come through traditional retail channels, but the company is increasing focus on service and utility partnerships to broaden distribution. Notable partners in the rental space include Airbnb and HomeAway. Corporate partners/investors include Comcast Ventures and Australian utility AGL, reflecting strategic distribution opportunities such as inclusion in Xfinity Home. Management says funds will support an aggressive product roadmap and significant R&D to introduce additional new products this year. August Home builds smart home access products and services that replace traditional keys and let users control their front door from anywhere. The company’s products enable creation of virtual keys and time-limited access for house cleaners, dog walkers, delivery services, guests, friends, and family via a smartphone. Its devices are designed to fit naturally and elegantly into the home and integrate with other smart devices and services. Jason Johnson is identified as the company’s Chief Executive Officer. August Home is based in San Francisco, California. The article does not disclose financial metrics or specific revenue figures. August builds smart home access products, including the August Smart Lock and Connect, with accompanying mobile apps and cloud-based access control. The company aims to solve the 'last five foot problem' by providing secure, intelligent ways to manage home access for homeowners, property managers, and guests. August plans to use the new financing to launch additional home access products and expand further into retail markets. It also intends to grow its San Francisco-based team. Financially, August raised $38 million in a Series B and reports total funding of $50 million to date. Its product suite emphasizes security and seeks to bridge the gap between service providers and homeowners.

Total raised

$63M

Funding rounds

3

Latest round

Series C

Latest activity

Jul 2017