Tag: Allegion Ventures

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...

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...