Tag: Allegion plc
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 Q1 results, “Robust Demand” for NA non-residential business
April 26, 2023Ken Showers, Managing Editor
DUBLIN – It’s been a strong start to 2023 for Allegion plc as the company released its first quarter financial results during this week’s scheduled earnings call.
The company posted an organic revenue growth of 15 percent, with electronics growth for the quarter exceeding 30 percent in the Americas. Allegion's cash generation improved significantly over last year and has raised outlooks on revenue, EPS and cashflow as a result. In the call Allegion President and...
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...