December 13, 2017
Global Brain’s U.S. portfolio startup, August Home, was acquired by Assa Abloy
August Home, the world largest smart lock company, has been acquired by Assa Abloy (HQs: Sweden Revenue US$ 8.4 billion in FY2016), the global leader in door opening solutions.
Global Brain has invested in August Home through KDDI Open Innovation Fund II and GB-V Growth Fund Investment Limited Partnership back in 2015.
August Home has partnered with Walmart, the largest grocery chain in the world, and enables Walmart to deliver groceries to refrigerators in absent homes since September, 2107.
The company is planning to accelerate its global expansion strategy as a subsidiary of Assa Abloy.
http://august.com/2017/12/05/future-smarter-doors-august-assa-abloy/
About August Home
- Founded
- 2013
- CEO
- Jason Johnson
- HQs
- San Francisco, the United States