Locbit

What Locbit does

Locbit, Inc. is a San Diego-based private company (founded 2012, 11-50 employees, incorporated in Delaware) that operates an IoT automation platform for commercial buildings and small-to-mid businesses. The platform securely connects heterogeneous IoT devices (equipment, motion sensors, switches, appliances, machines), systems, and third-party APIs into a unified data layer, then applies automation and analytics to optimize energy use, building operations, and risk/preventive maintenance. Core product surfaces are organized into three solution areas — Energy Management, Business Automation, and Risk Management/Preventive Maintenance — supported by an Energy Audit service, a per-node system connection add-on ($5/node/month), and an API connection SKU ($2.50/month for 1M API calls).

The technology stack is positioned as device-agnostic, integrating across manufacturers via APIs and IoT protocols, and applies automation logic to sensor telemetry (store traffic, refrigeration cycles, climate, equipment readings). Underlying AI claims are present but not deeply documented; the platform is best characterized as feature-level AI for process automation and optimization rather than a differentiated ML core.

Locbit's revenue model is predominantly recurring subscription, publicly priced through a self-serve e-commerce store, with five Basic Service tiers ranging from a $500/month entry plan (25 nodes, 1 month) to a $12,000 two-year plan (50 nodes, 6 custom integrations, Optimization Specialist). Usage-based add-ons (per-node and per-API) provide expansion revenue beyond included quotas. Go-to-market is dual-motion: product-led self-serve purchase online for SMB/long-tail customers, supplemented by a "Request a Consultation" channel for enterprise deployments. Distribution is direct and global in scope (own storefront and web app), but publicly named customers are concentrated in Southern California (Stellar Care, a senior healthcare operator since 2017; Zion Market, a Korean/Asian grocery chain), and no external funding, partnerships, awards, patents, or M&A activity are disclosed.

Name

Locbit

Legal name

Locbit, Inc.

Website

https://locbit.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Short description

Locbit is a private, San Diego-based IoT automation platform that connects building systems, smart devices, and APIs for commercial customers, using AI-driven automation to reduce energy costs, manage risk, and optimize operations. It serves SMB and enterprise clients via self-serve subscriptions and consultation-based enterprise sales.

Ownership category

akta.pro rank

Product category

IoT Building Automation Platform

NAICS

Computer Systems Design and Related Services (54151), Computer Facilities Management Services (541513)

SIC

Services-Computer Programming Services (7371), Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Site Security, Monitoring & Remote Operations (NOC/IoT) (HDAIAKAH)

akta.pro secondary industry

Product/IoT & Smart Device Support (Consumer/Industrial IoT) (BPAAACAH)

Keywords

• IoT automation platform
• Energy management software
• Building automation systems
• Preventive maintenance platform
• API connectivity services

Headquarters

HQ city

San Diego

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations

Revenue model

1. Subscription Services: Recurring subscription fees for platform access with tiered service levels. Basic Service tiers include 1-month ($500), 3-months ($1,500), 6-months ($3,000), 1-year ($6,000), and 2-year ($12,000) options. Node allowances vary by tier from 25 to 50 nodes per month.
2. System Connection Fees: Monthly per-node connection fees at $5.00 per system per month for additional nodes beyond included tier limits
3. API Connection Usage: API connections billed at $2.50 per month, providing 1 million API calls per month. Additional API usage beyond included quota.
4. Professional Services - Energy Audit: One-time energy audit service at $100, providing analysis of utility bills and baseline report for energy optimization opportunities

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

Locbit sells a unified IoT, Data and API automation platform that securely connects commercial building systems, smart devices, sensors and third-party data sources in real time, then applies AI-driven automation to optimize energy use, building operations, and preventive maintenance. The platform is sold via tiered subscriptions (Basic Service 1-month through 2-year terms), usage-based per-node and per-API connection fees, and a one-time Energy Audit professional service, targeting business owners, facility managers, and maintenance supervisors in commercial buildings, retail, and healthcare/senior care facilities.

Product overview

Locbit offers a unified IoT automation platform combining IoT connectivity, data analytics, and API solutions. The core Locbit Automation Platform connects systems, smart devices, and data for real-time monitoring and automation. The platform includes three main solution capabilities: Energy Management (IoT-based energy monitoring and control), Business Automation (real-time building/business data collection), and Risk Management/Preventive Maintenance (real-time analytics to prevent failures). Additional offerings include an Energy Audit service, a Monthly System Connection add-on for per-node pricing, an API Monthly Connection for 1 million API calls, and subscription plans (Basic Service tiers at 1-month, 3-months, 6-months, 1-year, and 2-year terms) that provide escalating node allowances (25-50 nodes/month), custom integrations (3-6), and optimization specialist support on longer-term plans.

Differentiator

Problem solved

Functional benefit

Products and services

• Locbit Automation Platform

Quantifiable outcome

• Save up to 50% on energy bills
• +3 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature4 records

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Enertiv: Enertiv is an IoT-based building operations platform that monitors equipment, energy and space utilization for commercial real estate. It targets similar pain points to Locbit: energy cost reduction, equipment uptime, and operational efficiency via real-time analytics.
• BuildingIQ: BuildingIQ offers a cloud-based energy management and building optimization SaaS that ingests data from HVAC, lighting and other building systems. Like Locbit, it sells measurable energy and operational savings to commercial real estate owners and operators.
• Switch Automation: Switch Automation provides a building analytics platform that aggregates IoT and BMS data to deliver real-time operational and energy insights. It overlaps Locbit on device-agnostic data aggregation and analytics for facility managers.
• 75F: 75F is a smart-building automation platform using IoT sensors, cloud analytics and AI to optimize HVAC, lighting and energy in commercial buildings. It competes head-to-head with Locbit on device-agnostic building automation and energy savings for SMB and mid-market customers.

Emerging players

• Particle: Particle offers an IoT platform-as-a-service with cellular/connectivity hardware, device OS and cloud APIs for building connected products. It is comparable to Locbit on the API-and-connectivity layer for IoT automation, though it is more developer-led and less building-automation focused.
• Aquicore: Aquicore provides an IoT-based building operations and energy benchmarking platform for commercial real estate owners. It overlaps Locbit on connecting disparate building equipment to a unified data and analytics platform for cost reduction.
• Samsara: Samsara provides an IoT cloud platform for physical operations, including sensors for energy, equipment and facility monitoring. While its core market is fleet and asset tracking, its building/facility sensing and analytics overlap with Locbit's device-agnostic IoT positioning.

Broad incumbents

• Schneider Electric EcoStruxure: Schneider Electric's EcoStruxure platform connects building systems, energy and IoT devices for facility optimization. It addresses the same energy-management and automation outcomes Locbit targets but with a global incumbent footprint.
• Honeywell Building Technologies: Honeywell's Building Technologies division offers BMS, energy management and IoT-enabled automation across commercial facilities. As a broad incumbent with deep channel reach, it competes with Locbit across nearly every facility automation use case.
• Siemens Smart Infrastructure (Enlighted): Siemens Smart Infrastructure, including its Enlighted IoT lighting and building analytics business, delivers integrated energy, automation and digital services for commercial buildings. It overlaps Locbit's energy management and IoT analytics capabilities at a much larger scale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xx.com/locbit
• Facebookfacebook.com/locbit
• LinkedInlinkedin.com/company/locbit
• Instagraminstagram.com/locbit

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Locbit