Tag: Allegion Ventures
SIA names Bobby Prostko as Data Privacy Advisory Board chair
April 4, 2024SSN Staff
SILVER SPRING, Md.—The Security Industry Association (SIA) has appointed Robert “Bobby” Prostko, Allegion chief privacy officer and deputy general counsel, to serve as the new chair of its Data Privacy Advisory Board.
The SIA Data Privacy Advisory Board – leveraging the collective expertise of industry professionals, law enforcement, security practitioners and data privacy experts – provides information and best practices to help SIA members handle...
Allegion Ventures invests $20 million in Ambient.ai
October 30, 2023SSN Staff
CARMEL, Ind.—Allegion Ventures, the corporate venture fund of Allegion plc, has made a $20 million investment in Ambient.ai, an artificial intelligence-powered computer vision intelligence (CVI) company.
Based in San Jose, Calif., Ambient.ai applies AI and CVI to existing security camera infrastructure, allowing their platform to deliver near human-level visual perception that analyzes actions and situational context to create efficient and accurate threat detection.
Allegion...
Allegion Ventures five-year anniversary marked by investment in Latchel
March 8, 2023SSN Staff
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...
Allegion Ventures co-leads funding round for AI-powered Mapped
June 30, 2021SSN Staff
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...
Allegion Ventures invests in accommodations startup Mint House
March 24, 2021SSN Staff
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...
Allegion Ventures invests in AI-focused VergeSense
May 27, 2020SSN Staff
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 Ventures invests in Openpath
March 6, 2020SSN Staff
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...