London, United Kingdom
Lokcom's distinctive approach lies in the fact that it does not sell smart locks. Leveraging proprietary technology and a cloud-based platform, Lokcom enables mechanical locks to function as smart locks, seamlessly integrating with smartphones and PCs, without the need for installing a new lock or discarding traditional keys. This unique feature sets Lokcom apart from the competition.
Another significant differentiator is Lokcom's capability to unlock doors remotely, offering unparalleled convenience and control. The platform also provides robust access control, allowing users to grant and manage permissions for smartphone-based unlocking, including setting specific time frames for access.
Security is a paramount focus for Lokcom, which employs a closed M2M network, circumventing the vulnerabilities of open networks such as Wi-Fi, Bluetooth, or NFC. This emphasis on security positions the company as a reliable and trustworthy provider in the IOT space.
Notably, Lokcom caters to various sectors, including Vacation Rental/Aparthotels, Elderly Healthcare, Leisure, and Real Estate Management, with ambitions to expand into the Home Automation market. The company received its last investment in a Seed Round in June 2014 from SFC Capital. This strategic investment underlines the potential and promise Lokcom holds as it continues to innovate and expand its presence in the IOT landscape.
