Photosynth

Photosynth is a Japanese company that specializes in developing and providing IoT solutions, with its flagship product being the Akerun smart lock system. The company primarily serves the Japanese market, targeting a wide range of clients from individual consumers to large corporations and real estate companies.

Its business model is centered around a subscription-based service for the Akerun platform. This includes the hardware (the smart lock device), the software (the mobile app and web-based management portal), and ongoing customer support. This recurring revenue model provides a steady stream of income for the company.

The Akerun system allows users to lock and unlock doors using their smartphones, IC cards, or other designated devices, eliminating the need for physical keys. The platform also provides features such as access history tracking, time-based access permissions, and remote access management, which are particularly valuable for businesses and property managers.

By offering a retrofittable smart lock solution, Photosynth has been able to penetrate the market by providing a convenient and cost-effective way to upgrade existing security infrastructure. The company's focus on both hardware and software development allows it to provide an integrated and user-friendly experience for its customers.

Keywords: smart locks, access control, IoT, physical security, property technology, real estate technology, keyless entry, subscription service, hardware, software