New locksmith firm announces $50M investment
The world’s leading locksmiths have just announced that they have raised $50 million in funding led by Silicon Valley venture capital firm Kleiner Perkins Caufield & Byers.
The firm, which specializes in the design and manufacture of locks, is the first in the country to announce the acquisition.
Lockdown founder and CEO David Rieser said in a statement: “We are very proud to partner with Kleiner, which has the capacity to provide us with the expertise and technology to deliver a more secure future for our customers.
We are thrilled to be working with the new partners, and look forward to working with them as they build out their capabilities.”
The new funds will be used to grow the company’s workforce and to continue to build out its operations in Silicon Valley, where it has already been operating since 2013.
The new venture capital is part of a broader $20 million round led by venture capital giant Andreessen Horowitz, which also included $15 million in equity.
Lockdowns first locksmith, Kevin Hickey, said in the statement:”We have a deep knowledge of the market and we are very excited to join the company.
Our focus is on making locks and their construction safer, more secure, and more effective.”
The company will build a secure, self-service locksmith service that is built on the principles of Lockdown.
Lockdown’s products are patented, making them highly scalable, and their technology will be available to anyone.
The company is working with a variety of technology partners, including leading security software providers, to deliver its products to a wide range of locks.
The company’s primary focus will be on improving security on the internet and the workplace, including by offering its customers a self-serve, self check-in service.
It also plans to offer a dedicated locksmith to ensure that people are always fully aware of their surroundings and their surroundings’ potential hazards.
The lock-breaking company is part-owned by Hickey and will be a subsidiary of the company, but will continue to operate independently.
Hickey said that the company has already made significant strides in lock technology, and has been working with other companies to develop technology to help secure and secure devices.
The new venture funds will help Lockdown grow, and build out the company to offer its customers the best possible lock-picking experience.
Hickey said the company hopes to provide its customers with secure lock pickers, lock-cleaning products, lock safes, lock boxes, and other accessories to keep their homes and businesses secure.
Hickeys future will be focused on making secure locks available for both the online and the physical world.
LockDown has made significant advancements in lock technologies over the last 15 years, and it has a number of key patents and products on its own patent database.
It has a history of building secure, innovative products, including products that help people protect their home and businesses.