About OpenKey
OpenKey is a company based in Dallas (United States) founded in 2014.. OpenKey has raised $8 million across 1 funding round from investors including Ashford Inc. and PAFS Ireland. OpenKey offers products and services including Digital Key, OpenKey SDK, and Digital Key Hardware. OpenKey operates in a competitive market with competitors including Openpath, Bob W, Brivo, Life House and Spintly, among others.
- Headquarter Dallas, United States
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Sectors
Industrial Goods & ManufacturingTravel & Hospitality
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Email
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Phone
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Website
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Social
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- Legal Name Openkey, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$8 M (USD)
in 1 rounds
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Latest Funding Round
$8 M (USD), Series A
Oct 21, 2016
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Investors
Ashford Inc.
& 1 more
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Employee Count
Employee Count
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Products & Services of OpenKey
OpenKey offers a comprehensive portfolio of products and services, including Digital Key, OpenKey SDK, and Digital Key Hardware. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Secure contactless solution for hotel room entry via mobile app.
Toolkit for integrating digital key features into existing apps.
Devices enabling digital key compatibility in hotel systems.
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Funding Insights of OpenKey
OpenKey has successfully raised a total of $8M through 1 strategic funding round. The most recent funding activity was a Series A round of $8 million completed in October 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $8.0M
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First Round
First Round
(21 Oct 2016)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2016 | Amount | Series A - OpenKey | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in OpenKey
OpenKey has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Ashford Inc. and PAFS Ireland. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Asset management and hospitality services are provided to industry companies.
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Founded Year | Domain | Location | |
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Financial and administrative services for aviation leasing are provided by PAFS Ireland.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by OpenKey
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - OpenKey
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Openkey Comparisons
Competitors of OpenKey
OpenKey operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Openpath, Bob W, Brivo, Life House and Spintly, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based access control systems with mobile credentials are provided.
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| domain | founded_year | HQ Location |
Tech-enabled services are provided for hotels and short-term rentals.
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| domain | founded_year | HQ Location |
Developer of AI and cloud-based integrated access control systems
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| domain | founded_year | HQ Location |
Hotel management software is developed for operations, revenue, and finance.
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| domain | founded_year | HQ Location |
Provider of a cloud-based, wireless access control platform allowing users to access doors using their smartphones
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| domain | founded_year | HQ Location |
Provider of keyless entry solutions for the hospitality industry
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Openkey
Frequently Asked Questions about OpenKey
When was OpenKey founded?
OpenKey was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Where is OpenKey located?
OpenKey is headquartered in Dallas, United States. It is registered at Dallas, Texas, United States.
Who is the current CEO of OpenKey?
Ron Owens is the current CEO of OpenKey.
Is OpenKey a funded company?
OpenKey is a funded company, having raised a total of $8M across 1 funding round to date. The company's 1st funding round was a Series A of $8M, raised on Oct 21, 2016.
What does OpenKey do?
OpenKey provides keyless entry solutions to hotels based on RFID and NFC technologies. The solution consists of SDK toolkits, a BLE-based plug play hardware device, a web-based platform for hoteliers, check-in kiosks and consumer-facing iOSAndroid mobile applications (for guests to perform to mobile check-ins open doors electronically). The solution offers functionalities such as digital key management, automated pre-arrival e-mails, guest sentiment analysis, and maintenance management among others. The solution can also be integrated with PMS and other third-party systems. It is available a monthly subscription fee depending on the number of rooms along with a one-time fee.
Who are the top competitors of OpenKey?
What products or services does OpenKey offer?
OpenKey offers Digital Key, OpenKey SDK, and Digital Key Hardware.
Who are OpenKey's investors?
OpenKey has 2 investors. Key investors include Ashford Inc., and PAFS Ireland.
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