KoreLock Revenue and Competitors

KoreLock is a rising world leader in providing turnkey embedded smart lock technology. The company specializes in embedded PCB solutions that help lock manufacturers overcome the complexities of developing connected smart locks, reduce costs, and shorten their overall time-to-market. Our best-in-class technology is delivered via a PCBA module with KoreLock firmware, Wi-Fi for cloud connectivity, and Bluetooth for local control and embedded in 50,000+ devices in over 65 countries. KoreLock provides all the technology necessary for lock manufacturers to convert their existing offline locks into connected smart locks. The company serves a vast market of lock manufacturers, lock brands, specialty lock makers, and software companies whose end-use customers all demand connected products that are difficult for the lock makers to develop. Many traditional lock companies have tried to develop their own smart locks but abandoned these efforts after realizing they didn’t have the capabilities to do it themselves. KoreLock provides a turnkey offering with all the technologies needed for smart lock enablement. Benefits to customers include: • Speed and low go-to-market cost to enter the fast-growing smart lock market; • Confidence that new smart lock products will make it to market; and • Cutting-edge smart lock product offerings with zero R&D costs.