IOTAS
IOTAS provides ready-to-use smart apartment hardware (smart locks, thermostats, leak detectors, sensors) and a centralized property management platform to multifamily, build-to-rent, and single-family rental operators across the United States.
- Company typePrivate
- Founded2014
- HeadquartersIrving, United States
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What IOTAS does
IOTAS is a US-based PropTech company that delivers ready-to-use smart apartment solutions to the multifamily real estate industry. Founded in 2014 and headquartered in Irving, Texas, IOTAS equips apartment units with an integrated set of IoT devices — including smart locks, smart thermostats, leak detectors, and various sensors — paired with a centralized property management platform that allows owners and operators to manage building systems at portfolio scale. The company's core proposition is removing the friction of piecing together disparate smart home point products by offering a pre-configured, deployable package per unit, which is particularly relevant for owners and managers of apartment communities, build-to-rent (BTR) developments, and single-family rental (SFR) portfolios.
The underlying technology stack is hardware-plus-software: commodity smart home devices deployed in-unit, aggregated through a centralized management hub that surfaces operational data and remote control to property staff. Revenue mechanics are subscription-based at the property/unit level, with custom enterprise pricing quoted on a monthly cadence; the company does not publicly disclose pricing. The go-to-market is enterprise field sales targeting large multifamily owners and managers, supplemented by case-study- and content-led demand generation.
IOTAS has raised roughly $15M+ across multiple funding rounds between 2014 and 2019, with strategic investors including Intel Capital, TELUS Global Ventures, Liberty Global, and Portfolia, alongside regional venture funds and non-dilutive National Science Foundation grants. The company remains privately held with 11-50 employees. Note: a portion of the input data attributed to IOTAS (notably scale metrics such as 2,300+ technicians, 100+ offices, and 300,000+ customer locations) describes a much larger enterprise security/fire/life safety provider (Everon, formerly Protection One) and is not consistent with IOTAS's firmographic profile; those scale figures should not be applied to IOTAS without verification.
IOTAS firmographics
Firmographics- Name
- IOTAS
- Legal name
- Everon, LLC
- Website
- https://iotashome.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- IOTAS provides ready-to-use smart apartment hardware (smart locks, thermostats, leak detectors, sensors) and a centralized property management platform to multifamily, build-to-rent, and single-family rental operators across the United States.
- Ownership category
- akta.pro rank
IOTAS industry classification
Industry- Product category
- Smart Apartment / Multifamily IoT (PropTech)
- NAICS
- Computer Facilities Management Services (541513)
- SIC
- Auto Controls For Regulating Residential & Comml Environments (3822)
- akta.pro primary industry
- Home Security & Access Control (Cameras, Alarms, Smart Locks) (HSAPAQAB)
- akta.pro secondary industries
- Physical Security, Access Control & Visitor Management (HSAPAPAD), Home Safety & Water Management (Smoke/CO, Leak Detection, Shutoff Valves) (HSAPAQAH), Smart Appliance & Energy Management Integration (HSAHADAG), Smart Building Software Platforms (IWMS/CAFM Integration, Digital Twin, Command Center) (BPABAGAG)
Keywords
Where IOTAS is headquartered
LocationHeadquarters
- HQ city
- Irving
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
IOTAS business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Supply Chain
Revenue model
- Security Services: Recurring revenue from integrated security services including intrusion alarms, access control, video solutions, guarding, and specialized solutions for commercial properties.
- Fire and Life Safety Services: Revenue from fire alarm systems, detection solutions, fire suppression systems, sprinkler systems, and emergency communications services including professional installation, monitoring, and maintenance.
- Monitoring Services: 24/7 monitoring services through UL-listed monitoring centers for security, commercial fire alarm and sprinkler systems, and environmental/temperature monitoring.
- Smart Home/PropTech Solutions: In-unit technology including smart locks, smart thermostats, and leak detection systems for multifamily properties.
- Professional Services: Installation, service, maintenance, system integration, managed services, infrastructure as a service (IaaS), and construction/retrofit project services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Custom enterprise pricing based on property size and service requirements |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels5 records
IOTAS product offering
Product offeringCore offering
IOTAS provides ready-to-use smart apartment technology for the multifamily real estate industry, integrating smart locks, smart thermostats, leak detectors, sensors, and a centralized property management software platform into a single plug-and-play solution. The platform is designed for property owners and managers to deploy across unit portfolios, enabling self-guided tours, remote access management, energy efficiency, early water-leak notifications, and centralized visibility across dozens to hundreds of units.
Differentiator
Problem solved
Functional benefit
Brands
- Everon iO: Innovation showcase and solutions showcase for testing new technologies and exploring new applications for security, fire, and life safety.
Products and services
- Smart Locks
- Smart Thermostats
- Leak Detection
- Centralized Property Management Platform
- Integrated Security Platform
Quantifiable outcome
- Save maintenance time and labor costs by adding in-demand smart technologies
- +2 more outcomes
Companies that use IOTAS
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles2 records
IOTAS technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
IOTAS partnerships and signals
Strategic signalScale indicators5 records
Recent moves5 records
Expansion highlights3 records
IOTAS competitors and assessment
Company assessmentDirect peers
- SmartRent: SmartRent is the leading provider of smart-home and smart-building automation specifically for multifamily and rental property operators. Directly comparable to IOTAS in target customer (property managers), product mix (smart locks, thermostats, leak sensors), and software-managed central platform.
- Latch: Latch makes smart access devices and an operating system for apartments, including smart locks, self-guided tour workflows, and resident management software. Competes head-to-head with IOTAS in multifamily access control and centralized property management.
- ButterflyMX: ButterflyMX provides smart intercoms, access control, and visitor management for multifamily and commercial properties. Comparable to IOTAS in serving property owners with smart access hardware and a centralized software platform, though more focused on building entry.
- RemoteLock: RemoteLock offers cloud-managed smart locks and access control for vacation rentals, multifamily, and commercial properties. Comparable to IOTAS in centralized management of smart locks across distributed real estate portfolios.
- Stratis IoT: Stratis IoT provides smart apartment platforms combining access control, energy management, and resident engagement for multifamily operators. Directly comparable to IOTAS's integrated hardware-and-software approach for property managers.
- PointCentral (by Alarm.com): PointCentral delivers smart-home automation and property-monitoring solutions specifically for vacation rental and multifamily operators. Directly comparable to IOTAS in verticalized property-management software plus smart-device hardware.
Broad incumbents
- Vivint (now part of NRG Energy): Vivint is a large, established smart-home platform offering professionally installed security, smart locks, thermostats, and video for single-family and multifamily customers. A broad incumbent with overlapping device categories but a different GTM focused on consumer/residential deployment rather than IOTAS's property-manager channel.
- ADT: ADT is the largest US security and smart-home provider, with deep field-service infrastructure for installation and monitoring. Adjacent to IOTAS in connected-home devices and 24/7 monitoring, but serves a broad residential and commercial base rather than multifamily-native software workflows.
- Alarm.com: Alarm.com is a leading cloud platform for smart security and home automation, sold through authorized dealers to residential and commercial customers. Comparable to IOTAS's software-managed smart-home platform, though typically delivered through a dealer channel rather than direct property-owner relationships.
Emerging players
- Notion (by Alarm.com): Notion provides multi-purpose IoT sensors for property monitoring (leak, temperature, occupancy) used by property managers and homeowners. Comparable to IOTAS's leak-detection and environmental-sensor capability as part of a broader smart-apartment stack.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights5 records
Customer concentration
IOTAS social profiles
Digital presenceIOTAS financial estimates
Financial estimateRevenue estimate
Valuation estimate
IOTAS leadership team
Management profileNumber of profiles
Profiles2 records
IOTAS funding detail
Funding detailFunding overview
Funding rounds8 records
Investors13 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
IOTAS M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about IOTAS
What does IOTAS do?
IOTAS provides ready-to-use smart apartment technology for the multifamily real estate industry, integrating smart locks, smart thermostats, leak detectors, sensors, and a centralized property management software platform into a single plug-and-play solution. The platform is designed for property owners and managers to deploy across unit portfolios, enabling self-guided tours, remote access management, energy efficiency, early water-leak notifications, and centralized visibility across dozens to hundreds of units.
Is IOTAS a public or private company?
IOTAS is a private company. It is classified as venture growth investor backed and is currently operating.
When was IOTAS founded?
IOTAS was founded in 2014. It employs 1 to 10 people.
Where is IOTAS based?
IOTAS is headquartered in Irving, United States, in the North America region.
How does IOTAS make money?
Five revenue lines are on record. Security Services are the primary driver. The others are fire and Life Safety Services, monitoring Services, smart Home/PropTech Solutions and professional Services.
Who are IOTAS's main competitors?
Direct peers on record are SmartRent, Latch, ButterflyMX, RemoteLock, Stratis IoT and PointCentral (by Alarm.com). Broad incumbents are Vivint (now part of NRG Energy), ADT and Alarm.com. Notion (by Alarm.com) is listed as an emerging player.
Does IOTAS have an API?
No public API is recorded for IOTAS.
What industry is IOTAS in?
IOTAS's product category is Smart Apartment / Multifamily IoT (PropTech). Its primary akta.pro industry code is HSAPAQAB, Home Security & Access Control (Cameras, Alarms, Smart Locks), with a secondary code of HSAPAPAD, Physical Security, Access Control & Visitor Management. Its NAICS code is 541513 and its SIC code is 3822.