Chamberlain Group acquires Lockitron and Tend for its myQ smart garage hub

Chamberlain Group, which owns several security and access brands including the myQ smart garage hub, has added two new companies to its portfolio: connected door lock maker Lockitron and wi-fi home security camera startup Tend. In a press statement, Chamberlain Group CEO JoAnna Sohovich said Tend and Lockitron’s produts will be integrated into myQ. “We […]

Latch raises $70M for its apartment smart lock system

Latch announced this morning that it has raised $70 million in Series B funding. The round was led by Brookfield Ventures, the investment arm of Brookfield Asset Management. As part of the deal, Brookfield Properties will also be installing Latch systems in its multi-family properties that are currently under development. “We are thrilled to support […]

Assa Abloy finalizes purchase of smart lock maker August Home

 Swedish lock maker Assa Abloy completed its acquisition of August Home this week. The deal, first announced back in October, has the U.S.-based smart lock startup rolling into the world’s largest lock maker, though the company says it will continue to operate as a somewhat independent entity under the much bigger brand. Read More (adsbygoogle […]