August Smart Lock’s $230 gadget fits onto your home’s existing lock and turns your smartphone into the key. It is already a common feature at Bestbuy and Airbnb, and August Smart Lock is now looking to expand towards the consumer market. It has now raised around $75 million in venture capital, and is planning to use the new funds to build out its roster of partnerships.
August already has many ties that allow its locks to work with other companies’ gadgets and services. For example, if you own an August lock and you get a delivery from Postmates, you can temporarily grant the Postmates courier the privilege to unlock your front gate or door.
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