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Digital Lock Startup Raises $70 Million Behind Push From Homebuilder

Written by CRETech | Aug 24, 2018 4:20:02 AM

Doors are opening for makers of keyless locks.

Companies that manufacture smart locks—which can be opened with a cellphone app or code and sometimes include cameras and intercoms—are battling to edge out traditional locks. Growth is being pushed by online retailers, delivery companies and real-estate firms seeking to make residences more easily accessible for maintenance staff, package carriers and tenants.