Smart home products manufacturer Level Home has received $71 million in funding through investments from Walmart and builder Lennar Homes among others. The startup is attempting to enter the smart home products landscape by focusing on ways of rethinking old things homeowners own already, Tech Crunch reports.
The Level Lock, its first patented product, is a system — tested for durability, powered by a basic CR2 battery (average life: one year), equipped with ANSI GRADE 1/A security and encryption — that is fitted into the existing dead bolt on your door to make it “smart”.
Level Home says you can install the Lock yourself using a basic number-two screwdriver — “the most common tool in the American home”, says CEO and co-founder John Martin — or you can engage Level Home’s installation partner, HelloTech, to set it up.
“We like to think of this as the first invisible smart lock,” Martin said in an interview. “Why would we take the things away that matter, that are a part of who you are such as the look of your home, just in the name of tech? We have to do a better job of bringing technology into your house, in a way that preserves it as your home.”
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