Openpath Secures $36M Funding to Revolutionize Contactless Office Access
PropTech Innovator Gains Major Investment for Smart Security Solutions
Openpath, a Los Angeles-based developer of cutting-edge software-based security systems, has successfully raised $36 million in Series B funding. This significant investment comes as businesses worldwide seek innovative solutions to facilitate safe office returns amid evolving workplace dynamics.
Key Investment Highlights
- Lead Investor: Greycroft spearheaded the round, joined by strategic partners including:
- Okta Ventures
- Lincoln Property Companies
- Allegion Ventures
- Sentre
- Funding Purpose: Accelerate sales/marketing efforts and develop next-gen security products
- Market Timing: Addresses critical need for contactless access solutions during pandemic recovery
Why Investors Are Betting on Openpath
Mark Terbeek, Greycroft Partner, emphasized: “Openpath stands out as one of PropTech’s most innovative companies. Their rapid market adoption positions them as the future leader in access security for the built environment.”
The investment process proved remarkably smooth, with Greycroft proactively initiating discussions to preempt Openpath’s planned fundraising later in 2020. All participating strategic investors had established relationships with Openpath spanning at least one year.
Technology Driving Market Adoption
Openpath’s competitive edge stems from:
- Seamless Okta integration for digital identity management
- Mobile-first credentials eliminating physical keycards
- Granular permission controls for property managers and tenants
Major real estate players like Hines and Lincoln Property Company already leverage Openpath’s platform to provide:
- Instant mobile credentials
- Virtual guest passes
- Remote unlock capabilities
- Schedule-based access controls
Meeting Post-Pandemic Workplace Needs
CEO Alex Kazerani explains: “As hybrid work becomes standard, businesses need intelligent access solutions. Our platform enables secure building management with social distancing compliance—all controllable remotely.”
This funding positions Openpath to address critical challenges in commercial real estate, offering property managers advanced tools to:
- Enhance tenant safety perceptions
- Streamline access management
- Support flexible work arrangements
- Reduce physical touchpoints
The investment validates Openpath’s vision for the future of workplace security as organizations worldwide reimagine office spaces in our new normal.
🚀 Technology Solutions & Recommendations
Enhance your tech capabilities with these cutting-edge products that complement the technological innovations discussed in this article:
🛍️ Featured Product 1: Heavy – Magnet
Image: Premium product showcase
As businesses invest in advanced access systems like Openpath to reassure employees, Heavy – Magnet provides a simple yet effective physical layer of security. It’s a practical addition for property managers or companies enhancing office safety, bridging the gap between high-tech solutions and tangible protection.
Heavy – Magnet is a robust, industrial-grade magnetic solution designed for secure installations where strength and reliability matter. While not a digital access system like Openpath, it serves as a dependable physical security component—ideal for reinforcing doors, gates, or access panels in office spaces. Its ultra-strong hold ensures added protection, complementing modern security infrastructures.
Key Features:
- Industrial-strength magnetic hold for secure installations
- Durable, corrosion-resistant construction for long-term use
- Easy to integrate with existing doors or barriers
- Low-maintenance design for hassle-free security reinforcement
🔗 View Product Details & Purchase
🛍️ Featured Product 2: Heavy – Mini Packing Bag
Image: Premium product showcase
As offices reopen and employees return to shared workspaces, both security and practicality are top of mind. The Heavy Mini Packing Bag complements this transition by offering a dependable way to transport personal items safely—just as Openpath’s systems provide trusted access control for physical spaces.
Just as Openpath provides security and peace of mind for office access, the Heavy Mini Packing Bag offers reliable protection for your essentials. Designed for durability and convenience, this compact yet sturdy bag keeps your belongings secure whether you’re commuting back to the office or traveling. Its rugged construction ensures your items stay safe, mirroring the confidence Openpath brings to workplace security.
Key Features:
- Durable, water-resistant material for long-lasting use
- Compact design perfect for daily commutes or short trips
- Multiple compartments for organized storage
- Reinforced handles and seams for added strength
🔗 View Product Details & Purchase
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