Tag: Allegion Ventures

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...

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...

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...