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Tag: Allegion Ventures


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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...

AI, Allegion Ventures, Dan Ryan, Rob Martens, VergeSense


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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...

Allegion, Allegion Ventures, mobile access control, Openpath, Rob Martens


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