As employers start to form their COVID-19 return-to-work plans, security startup has landed $36 million in a Series C round of funding.
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Openpath uses mobile credential and cloud-based software for contactless entry into spaces. More recently, the company introduced integrations with thermal cameras for temperature checks–a precaution many employers are taking in the age of COVID-19.
鈥淲hen you look at a lot of the must-have technology for return to work, hands-free access, touchless access is kind of the number one thing on everyone鈥檚 list,鈥 Openpath co-founder and president James Sigel said in an interview with 附近上门 News.
Openpath has features to enforce wellness verification, occupancy management, hands-free access, temperature screening, and contactless elevator integrations. It鈥檚 developing a contact tracing feature as well, according to the company鈥檚 website. With its cloud-based software able to integrate with companies’ IT systems, any changes to access are instant. So if a company is having teams rotate days in the office, those team members鈥 access can be synced accordingly.
Greycroft led the new round, with participation from , , Sentre, , and investments from previous existing backers. led Openpath鈥檚 $20 million Series B in July 2018.
The new funding will be used for research and development, investing in product and engineering, and growing the business, co-founder and CEO Alex Kazerani said. The goal is to be able to service any Fortune 500 company in any country in which it operates.
While Openpath has become known for its products for commercial office buildings, it鈥檚 developed verticals for places like schools, restaurants and houses of worship. Its lockdown feature, for example, first gained traction with school districts before houses of worship and offices became interested. The company counts , and among its customers.
The company began selling into Canada during the first quarter of 2020 and started its European expansion plans in Q2. Openpath has been seeing 20 percent month-over-month growth, as well as seeing growth with existing customers as they expand the service to multiple buildings.
Illustration: Li-Anne Dias
Disclosure: Emergence, an investor in Openpath, is also an investor in 附近上门, the parent company of 附近上门 News. 附近上门鈥檚 investors are listed as part of its . For more about 附近上门 News鈥 editorial policies on disclosure, see the News team鈥檚 About page.
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