Lockn Technologies

Lockn Technologies Private Limited, incorporated on March 20, 2018, is a Hyderabad-based company operating in the access control systems market. The company was established by founders Tharun Reddy Chinthala and Kandiraju Venkata Shanmukha Krishna Teja.

The firm specializes in the development of a cloud-based, contactless door access control system. This system is designed to provide end-to-end access management, enabling users to grant and monitor entry remotely. The core of its product offering includes features like time-sensitive personal identity number (PIN) codes and Bluetooth-enabled keys. This functionality allows homeowners and property managers to provide access to visitors without the need for physical keys, and to track entry and exit times. The system aims to address the inconvenience of lost or forgotten keys by allowing access to be managed from any location.

Lockn Technologies operates on a business-to-consumer and potentially business-to-business model, targeting homeowners and entities requiring controlled access solutions. Its revenue model is likely derived from the sale of its hardware and potentially recurring revenue from its cloud-based platform. The company secured $50,000 in a Seed funding round on September 24, 2019. Key investors in this round include The CoWrks Foundry and IIIT Hyderabad. As of March 31, 2021, the company reported an annual revenue of ₹51.9L. The company's legal entity is registered as Lockn Technologies Pvt. Ltd. with the Corporate Identification Number (CIN) U74999TG2018PTC123124.

Keywords: access control, smart lock, contactless entry, proptech, property technology, IoT, internet of things, keyless entry, access management, building security, mobile access, cloud-based security, home automation, visitor management, real estate technology, Bluetooth lock, digital keys