KoreLock
KoreLock provides an IoT smart lock technology platform combining embedded firmware, PCBAs, cloud software, mobile apps, and APIs, enabling lock manufacturers and access control providers to deliver connected smart lock solutions across 65+ countries.
- Company typePrivate
- Founded2022
- HeadquartersGreenwood Village, United States
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What KoreLock does
KoreLock, Inc. is a private IoT smart lock technology company headquartered in Greenwood Village, Colorado, founded in 2022. The company provides a unified IoT Smart Lock Platform that combines embedded firmware, printed circuit board assemblies (PCBAs), a cloud software backend, mobile applications, and an API layer to convert offline electronic locks into connected smart locks. Its technology supports Bluetooth Low Energy (BLE) and Wi-Fi connectivity, universal credentials (PINs, mobile keys, NFC, RFID cards), and over-the-air firmware updates, and is designed to be hardware-agnostic across deadbolt, lever, and mortise lock form factors.
KoreLock's go-to-market is primarily OEM/white-label: the company licenses its firmware, reference hardware designs, and white-label mobile apps to lock manufacturers (including TrueSecure, KeyinCode, Levata, PDQ, UniKey, Westlock Controls, Ezset/Tong Lung, SimpleAccess, and ZDteco) and to channel distributors, allowing these partners to bring turnkey smart lock products to market under their own brands. A secondary, API-first motion targets software platforms such as RemoteLock, Jervis Systems, and Z9 Security, enabling interoperability with property management systems, tenant apps, security dashboards, and building automation tools.
The company generates revenue through a mix of OEM licensing/royalties, SaaS and cloud subscriptions (API services, branded white-label offerings priced via Quote with annual billing), usage-based API fees, hardware sales of market-ready white-label products, and multi-year enablement service contracts covering end-to-end development from factory sourcing through mobile app deployment. KoreLock reports its patented technology is embedded in over 130,000 devices across more than 65 countries, serving multifamily, commercial, vacation rental, and residential end-markets. The company is privately held and has secured Series A funding from Iron Gate Capital and Kozo Keikaku Engineering, Inc.
KoreLock firmographics
Firmographics- Name
- KoreLock
- Legal name
- KoreLock, Inc.
- Website
- https://korelock.com
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- KoreLock provides an IoT smart lock technology platform combining embedded firmware, PCBAs, cloud software, mobile apps, and APIs, enabling lock manufacturers and access control providers to deliver connected smart lock solutions across 65+ countries.
- Ownership category
- akta.pro rank
KoreLock industry classification
Industry- Product category
- IoT Smart Lock Technology / Access Control
- NAICS
- Security Systems Services (except Locksmiths) (561621), Computer Systems Design and Related Services (54151)
- SIC
- Services-Prepackaged Software (7372), Computer Communications Equipment (3576)
- akta.pro primary industry
- Smart Lock Software Platforms & Mobile Apps (Access Control SaaS) (HSAHAEAG)
- akta.pro secondary industries
- Residential Smart Lock Hardware (Keypad, Keyless, Biometric, Connected) (HSAHAEAA), Wi‑Fi IoT & Device Onboarding/Provisioning (802.1X, DPSK, MDM integrations) (HDAFACAL)
Keywords
Where KoreLock is headquartered
LocationHeadquarters
- HQ city
- Greenwood Village
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
KoreLock business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Supply Chain, Operations, Marketing or Sales, Infrastructure
Revenue model
- OEM/White-Label Product Licensing: KoreLock provides lock manufacturers with production-ready firmware, reference hardware designs, and white-label mobile apps, generating revenue through licensing and technology provision to OEM partners who embed KoreLock technology into their lock products.
- SaaS Platform and Cloud Services: Revenue is generated through cloud software and SaaS subscriptions for platform access, API services, Branded Offering Services, and ongoing monitoring, maintenance, and support. Pricing is set forth in Quotes with fees for API Services, Branded Offerings, and platform access.
- API Services and Developer Platform: Revenue generated through API services that enable third-party software integrations with property management systems, security dashboards, and building automation tools. Includes hosting, data storage, data transfer, and ongoing updates.
- Market-Ready OEM Products: KoreLock offers market-ready smart lock products that can be white labeled by customers, generating one-time product revenue in addition to recurring platform services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Monthly | API and Platform Access — quoted per customer based on usage and scope |
| Subscription | Annual | Branded Offerings Services — white-label customization with logo and branding |
| Hybrid | Multi-year contract | Enablement Services — end-to-end development from factory sourcing to mobile apps |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels8 records
KoreLock product offering
Product offeringCore offering
KoreLock provides a unified IoT smart lock technology platform for lock manufacturers and access control providers, combining embedded firmware, PCBAs, a cloud software backend, white-label mobile applications, and an API that supports interoperability with property management systems. The platform converts existing offline electronic locks into connected smart locks, supporting BLE and Wi-Fi connectivity with over-the-air firmware updates and universal credentials including PINs, mobile keys, NFC cards, and RFID cards. KoreLock delivers its technology through OEM licensing, white-label products, and enablement services that allow partners to bring turnkey smart lock solutions to market.
Product overview
KoreLock is an IoT Smart Lock technology company offering a unified platform-plus-modules architecture. The core offering is the Unified IoT Smart Lock Platform, which combines standardized Embedded Firmware & PCBAs, Cloud Software & Mobile Apps, and a unified cloud backend. This platform enables lock manufacturers and access control providers to convert existing offline electronic locks into connected Smart Locks. The product portfolio includes: (1) Embedded Firmware & PCBAs for out-of-the-box smart lock electronics; (2) Cloud Software & Mobile Apps including the KoreLock Admin App for access control; (3) OEM Products for white-labeled market-ready smart locks; (4) Enablement Services providing end-to-end development support; and (5) Universal Credentials supporting PINs, mobile keys, NFC, and RFID cards. The platform supports multiple lock types including deadbolts, levers, and mortise locks across multi-family, hospitality, commercial, and residential property segments.
Differentiator
Problem solved
Functional benefit
Products and services
- Unified IoT Smart Lock Platform A comprehensive platform combining standardized electronics, pre-flashed firmware, and unified cloud backend that enables consistent, scalable access control across multiple lock types (deadbolts, levers, mortise locks). It includes reusable configuration templates, remote management, and over-the-air updates for OEM partners and access control providers.
- Embedded Firmware & PCBAs Electronics and circuit board assemblies required to build a smart lock out of the box, enabling lock manufacturers to convert existing offline electronic locks into connected smart locks with IoT capabilities.
- Cloud Software & Mobile Apps Intuitive mobile and web applications for local and remote smart lock access control, supporting both online and offline operation as part of the KoreLock unified platform.
- OEM Products (Market-Ready Smart Locks) Market-ready smart lock products including deadbolts, levers, and mortise locks that can be white-labeled by OEM customers and distributed through their own brand channels without requiring custom development.
- Enablement Services End-to-end development services for smart locks from factory sourcing to mobile apps, including reference hardware designs and production-ready firmware, provided as a custom OEM engagement under a multi-year contract structure.
- Universal Credentials Mobile and web credentials including permanent, temporary, and algorithmic PINs, mobile keys, NFC cards, and RFID cards that enable local and remote access across KoreLock-enabled smart locks.
- KoreLock API Platform An API platform enabling interoperability between KoreLock smart locks and property management systems, allowing lock manufacturers and access control providers to integrate with tenant apps, security dashboards, and building automation tools. Supports CRUD operations on smart lock and user data, webhooks for event notifications, and rate-limited usage.
- TrueSecure WP Series Wi-Fi Direct Smart Locks Six new Wi-Fi Direct Smart Locks launched by TrueSecure as the WP Series, powered by KoreLock embedded technology. Designed for commercial use with remote, keyless access, lower installation costs, and enhanced flexibility. This is an OEM-branded product built on KoreLock's platform.
Quantifiable outcome
- Over 130,000 smart locks installed worldwide across multi-family and commercial properties (as of March 2026)
- +3 more outcomes
Companies that use KoreLock
Customer profileNamed customers12 records
Segments6 records
Ideal customer profiles3 records
KoreLock technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature6 records
KoreLock partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered core and minor.
- TrueSecurecoreTrueSecure launched six new Wi-Fi Direct Smart Locks (branded as the WP Series) powered by KoreLock technology. The locks are designed for commercial use with remote, keyless access, lower installation costs, and enhanced flexibility. TrueSecure is a key OEM partner deploying KoreLock's technology in the commercial smart lock market.
- RemoteLockcoreRemoteLock integrates with KoreLock's unified IoT Smart Lock platform, enabling property managers to manage KoreLock-enabled smart locks through RemoteLock's property management platform for centralized access control across property portfolios.
- Jervis SystemscoreJervis Systems integrates with KoreLock's IoT smart lock platform to provide access control solutions to property managers and lock manufacturers through the KoreLock ecosystem.
- Z9 SecuritycoreZ9 Security integrates with KoreLock's unified IoT smart lock platform to provide security and access control solutions through the KoreLock ecosystem for multi-property access management.
- KeyinCode (KIC)minorKeyinCode is a market partner logo displayed on KoreLock's website, indicating an active OEM or product partnership for smart lock technology distribution.
- LevataminorLevata is listed as a global market partner on KoreLock's website, indicating an active channel or distribution partnership for smart lock products.
- PDQminorPDQ is listed as a market partner on KoreLock's website, indicating an active channel or distribution partnership for access control products.
- UniKeyminorUniKey is listed as a global market partner on KoreLock's website, indicating an active partnership in the smart lock technology ecosystem.
- Westlock ControlsminorWestlock Controls is listed as a market partner on KoreLock's website, indicating an active channel partnership in the smart lock and access control distribution ecosystem.
- Ezset / Tong LungminorEzset / Tong Lung is listed as a market partner on KoreLock's website, indicating an active OEM partnership for smart lock manufacturing and distribution.
- SimpleAccessminorSimpleAccess is listed as a market partner on KoreLock's website, indicating an active channel partnership for smart lock and access control distribution.
- ZDteco (ZDberco)minorZDteco is listed as a market partner on KoreLock's website, indicating an active partnership in the smart lock technology ecosystem for access control products.
Scale indicators4 records
Recent moves6 records
Expansion highlights6 records
KoreLock competitors and assessment
Company assessmentBroad incumbents
- Allegion: Allegion is one of the largest global lock manufacturers (Schlage, Von Duprin, LCN, etc.) and has been aggressively building IoT and cloud access control capabilities. Allegion's scale and OEM/dealer footprint make it the primary incumbent threat to KoreLock's OEM partner model.
- Assa Abloy: Assa Abloy is the world's largest lock and access control group (Yale, August, HID, etc.) and operates across residential, commercial, and institutional access. It is the dominant incumbent and represents the most significant long-term competitive force in KoreLock's OEM and end-market segments.
- Salto Systems: Salto is a major global access control manufacturer offering electronic locks, mobile credentials, and the Salto KS cloud platform for commercial, hospitality, and multi-family markets. Salto competes with KoreLock in commercial/multi-family access control and serves as a broad incumbent with deeper brand and distribution.
Direct peers
- Latch: Latch offers a smart access platform combining hardware, cloud software, and resident/manager apps for multi-family and commercial buildings. Latch overlaps KoreLock's property-management access control offering and represents a more vertically-integrated, well-funded competitor in the same target verticals.
- RemoteLock: RemoteLock provides cloud-based access control software that integrates with a wide range of smart locks and is a named KoreLock integration partner. Both KoreLock and RemoteLock serve property managers and access control providers with a software-led, hardware-agnostic smart lock platform — making RemoteLock both a channel partner and a directly comparable competitor in the unified property access platform category.
- UniKey: UniKey is a smart lock technology platform that licenses its mobile credential technology to lock manufacturers and enterprises. Both KoreLock and UniKey operate an OEM/embedded model delivering firmware, mobile credentials, and cloud services to lock brands — making UniKey a directly comparable peer (and a listed KoreLock partner).
Emerging players
- ButterflyMX: ButterflyMX provides cloud-based access control (intercoms, smart locks, keypads, mobile credentials) primarily for multi-family and commercial properties. It is comparable to KoreLock as a software-led property access platform that integrates with lock hardware, though its product breadth extends beyond smart locks into video intercoms.
- Level Home: Level Home develops connected smart lock hardware and partners with property managers and real estate developers for multi-family deployments. It overlaps KoreLock on the connected smart lock + property management thesis, though with a more consumer hardware orientation.
- igloohome: igloohome produces smart locks and a credentialing platform with strong traction in vacation rental and short-term rental markets. It is comparable to KoreLock on the smart lock technology and credentialing side, though it is more consumer-facing and region-focused (APAC/US).
Regional players
- Nuki Home Solutions: Nuki is a European smart lock technology company offering retrofit smart locks and an API/platform for partners and property managers. It is directly comparable to KoreLock's technology platform but is primarily focused on the European residential and MDU market.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
KoreLock social profiles
Digital presenceKoreLock financial estimates
Financial estimateRevenue estimate
Valuation estimate
KoreLock leadership team
Management profileNumber of profiles
Profiles2 records
KoreLock funding detail
Funding detailFunding overview
Funding rounds1 record
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
KoreLock 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 KoreLock
What does KoreLock do?
KoreLock provides a unified IoT smart lock technology platform for lock manufacturers and access control providers, combining embedded firmware, PCBAs, a cloud software backend, white-label mobile applications, and an API that supports interoperability with property management systems. The platform converts existing offline electronic locks into connected smart locks, supporting BLE and Wi-Fi connectivity with over-the-air firmware updates and universal credentials including PINs, mobile keys, NFC cards, and RFID cards. KoreLock delivers its technology through OEM licensing, white-label products, and enablement services that allow partners to bring turnkey smart lock solutions to market.
Is KoreLock a public or private company?
KoreLock is a private company. It is classified as venture growth investor backed and is currently operating.
When was KoreLock founded?
KoreLock was founded in 2022. It employs 1 to 10 people.
Where is KoreLock based?
KoreLock is headquartered in Greenwood Village, United States, in the North America region.
How does KoreLock make money?
Four revenue lines are on record. OEM/White-Label Product Licensing is the primary driver. The others are saaS Platform and Cloud Services, API Services and Developer Platform and market-Ready OEM Products.
Who are KoreLock's main competitors?
Broad incumbents on record are Allegion, Assa Abloy and Salto Systems. Direct peers are Latch, RemoteLock and UniKey. Emerging players are ButterflyMX, Level Home and igloohome. Nuki Home Solutions is listed as a regional player.
Does KoreLock have an API?
Yes. KoreLock offers an API platform that enables interoperability between smart locks and property management systems. The API allows lock manufacturers and access control providers to integrate their products with tenant apps, security dashboards, and building automation tools. It supports exchange of data for creating, reading, updating, and managing smart lock data and end user data such as access user information, schedules, permissions, and related device settings. The platform also supports webhooks for event notifications to synchronize lock states, access events, and related data within Customer Applications. Developer documentation is at Not specified.
What industry is KoreLock in?
KoreLock's product category is IoT Smart Lock Technology / Access Control. Its primary akta.pro industry code is HSAHAEAG, Smart Lock Software Platforms & Mobile Apps (Access Control SaaS), with a secondary code of HSAHAEAA, Residential Smart Lock Hardware (Keypad, Keyless, Biometric, Connected). Its NAICS code is 561621 and its SIC code is 7372.