Tag: Allegion Ventures

CARMEL, Ind. – Allegion plc corporate venture fund, Allegion Ventures, is celebrating their five year anniversary with a new addition to their portfolio. Latchel is a property management maintenance software that Allegion says underscores its commitment to accelerating the growth of innovative companies. It joins several other focused investments centered around technology that bridges physical and digital security and enhances user experiences. “At the core of this investment is...

CARMEL, Ind.—Allegion Ventures, a $50 million corporate venture fund of Allegion plc, has expanded its strategic portfolio with an investment in Mapped, an AI-powered data infrastructure platform for commercial and industrial IoT. Allegion Ventures was a co-lead investor in Mapped’s seed II funding round alongside MetaProp. Terms of the deal were not disclosed. Combining cloud AI and intelligent edge software, Mapped helps customers securely access real-time data from...

CARMEL, Ind.—Allegion Ventures, a $50 million corporate venture fund of Allegion plc, has expanded its strategic portfolio with an investment in Mint House, a startup looking to revolutionize the hotel experience for modern business travelers through technology-aided amenities like secure mobile check-in and keyless entry, digital concierge services, and customized pre-stocked grocery delivery, for example. Terms of the transaction were not disclosed. This deal comes on the heels of Allegion...

CARMEL, Ind.—Allegion Ventures, a $50 million corporate venture fund of Allegion plc, recently led a strategic investment in VergeSense, an AI-powered sensor provider for the workplace. Terms of the deal have not been disclosed.This is Allegion Ventures’ first investment in VergeSense and part of a larger $9-million strategic funding round for the portfolio company. VergeSense plans to use the investment to meet increased customer demand and scale its analytics software platform. Allegion...

CARMEL, Ind.—Allegion Ventures, a $50 million corporate venture fund of Allegion, has made an investment in Openpath, a mobile access control solution with a next generation, cloud-based technology for the built world. The two organizations are also planning a strategic technology partnership to offer customers a seamless security experience beyond the entryway, in addition to the frictionless access Openpath offers today. Rob Martens, president of Allegion Ventures as well as Chief Innovation...