August, a maker of smart locks, has raised a $38 million Series B round led by Bessemer Venture Partners, with participation from Comcast Ventures and Qualcomm’s V.C. arm.
With the new round factored in, August has raised $50 million with the help of a slew of existing investors that include Maveron, Cowboy Ventures, Industry Ventures, Rho Ventures and SoftTech. Others that participated in the B round include CAA Ventures, Dolby Family Ventures, Global Brain, KDDI, SanDisk Ventures and Singtel Innov8.
August said it will use the fresh funds to launch new home access products, expand into retail markets and grow its team in San Francisco.
Broadcasting & Cable Newsletter
The smarter way to stay on top of broadcasting and cable industry. Sign up below.
Thank you for signing up to Broadcasting & Cable. You will receive a verification email shortly.
There was a problem. Please refresh the page and try again.