Lockin is an enterprise focusing on developing digital doors. It recently completed the Angel funding round and Series Pre-A funding round worth hundreds of millions of CNY, led by Xiaomi Corporation.
Lockin is an enterprise focusing on developing digital doors. It recently completed the Angel funding round and Series Pre-A funding round worth hundreds of millions of CNY, led by Xiaomi Corporation.
Lockin (Chinese: 云鹿), an innovative company, is developing digital doors for different family needs. It completed the Angel funding round and Series Pre-A funding round worth hundreds of millions of CNY recently, led by Xiaomi Corporation, with participation by Luke technology, Chongqing Tongliang Capital and Renzhi Capital. Lockin will use the capital for R&D investment, expanding marketing channels and its customer base.
The functions of Lockin's products could be divided into three main categories: providing more convenience, serving security functions and linking with other intelligent products of the home. These three functions together could build a coherent smart ecosystem for customers.
Lockin launched the first product, "P1 intelligent door," in June. It is alleged that the P1 adopts Lockin's self-built NovaDoor intelligent system, providing seven unlocking methods, such as 3D face and finger recognition methods. P1 also featured self-developed automatic locks and gained the class A anti-theft certification. Additionally, P1 is equipped with multiple powerful functions, including a 24-hour full-color door cat eye, voice changing system, dual power supply system and financial-grade information security encryption.
Lockin t is partnered with various marketing channels such as Tmall, JD, Yamibuy and Ticktock to deliver cutting-edge smart locks technology and improve consumer lives through intelligent home experiences. It is worth mentioning that Lockin plans to open 500 stores and recruit 100 business distributors to expand its business scale by the end of the first quarter of 2023.
Lockin‘s competitors include Kaadas(Chinese: 凯迪仕), Philips, TCL, TENON (Chinese:亚太天能), BE-TECH(Chinese:必达), Xiaomi(Chinese: 小米), EZVIZ(Chinese: 荧石)and Aqara(Chinese: 绿米).