Money Matters with Hongbin Jeong and Chua Tian Tian (4pm - 7pm)Under the Radar: A world without keys - From making smart locks to large scale access management, igloocompany on its aggressive expansion; Assessment of the smart home and real estate management market; Entry into the US and its ambitious target to deploy 1m devices
Can you imagine a world without keys? Well, that’s the vision of a Singapore-headquartered company that makes smart locks and lockboxes.
Founded in 2015, igloocompany offers a holistic suite of software and hardware products that enable seamless and secure accessibility for a robust digital economy.
Since then, igloocompany has also grown over the years to include an enterprise focused vertical, which focuses on large-scale access management.
Its smart locks and lockboxes, meanwhile, are sold in more than 100 countries all over the world, including in the US.
The startup was listed on Forbes Asia’s 100 small companies and startups to watch in 2022, and was reported to serve over 400 enterprise customers with 5 million digital credentials issued.
The firm charged ahead in 2021 to expand in Austin, the US, and get a slice of the US$46 billion smart home market over the next few years.
It set an ambitious target then to deploy 1 million devices in the US across the next three years, but what is the status right now?
On Under the Radar, Drive Time’s finance presenter Chua Tian Tian sat down with Best Haputpong, VP of Business Development, igloocompany for more.
