About Openpath
Openpath is a company based in Culver City (United States) founded in 2016 by Rob Peters, Phil Goldsmith, Alex Kazerani, and James Segil was acquired by Motorola Solutions in July 2021.. Openpath has raised $63 million across 5 funding rounds from investors including Motorola Solutions, Allegion and Greycroft. Openpath operates in a competitive market with competitors including Brivo, Spintly, i-Sprint, Doordeck and iLOQ, among others.
- Headquarter Culver City, United States
- Founders Rob Peters, Phil Goldsmith, Alex Kazerani, James Segil
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Sectors
Industrial Goods & Manufacturing
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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 Openpath Security 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
$63 M (USD)
in 5 rounds
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Latest Funding Round
$36 M (USD), Series C
Jul 16, 2020
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Investors
Motorola Solutions
& 11 more
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Employee Count
Employee Count
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Acquired by
Motorola Solutions
(Jul 13, 2021)
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Software Development Team
246 people
Sales and Marketing
125 people
Product Management Team
84 people
Leadership Team
72 people
Senior Team
38 people
Finance and Accounting
26 people
Human Resources and Administration
23 people
Legal and Compliance
19 people
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Funding Insights of Openpath
Openpath has successfully raised a total of $63M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $36 million completed in July 2020. 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 5
- Last Round Series C — $36.0M
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First Round
First Round
(22 May 2018)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2020 | Amount | Series C - Openpath | Valuation | Greycroft | |
| Mar, 2020 | Amount | Series B - Openpath | Valuation | Allegion |
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| Jul, 2018 | Amount | Series B - Openpath | Valuation | Emergence Capital |
| 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 Openpath
Openpath has secured backing from 12 investors, including venture fund and institutional investors. Prominent investors backing the company include Motorola Solutions, Allegion and Greycroft. 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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Multiple sectors are targeted for venture capital investments by Greycroft.
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Founded Year | Domain | Location | |
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Tech focused Early and growth stage VC firm investing in the US
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Founded Year | Domain | Location | |
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Focus by Sorenson Capital is on software, healthcare, aerospace, energy.
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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 Openpath
| 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 - Openpath
| 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 |
Openpath Comparisons
Competitors of Openpath
Openpath 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 Brivo, Spintly, i-Sprint, Doordeck and iLOQ, 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 |
Developer of AI and cloud-based integrated access control systems
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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 |
Cloud-based authentication solutions are offered through an online platform.
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| domain | founded_year | HQ Location |
Cloud-based access control systems are provided for electronic locks.
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| domain | founded_year | HQ Location |
Battery-free smart lock systems are developed for secure access management.
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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 Openpath
Frequently Asked Questions about Openpath
When was Openpath founded?
Openpath was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is Openpath located?
Openpath is headquartered in Culver City, United States. It is registered at Culver City, California, United States.
Who is the current CEO of Openpath?
Alex Kazerani is the current CEO of Openpath. They have also founded this company.
Is Openpath a funded company?
Openpath is a funded company, having raised a total of $63M across 5 funding rounds to date. The company's 1st funding round was a Series B of $20M, raised on May 22, 2018.
What does Openpath do?
Openpath provides a mobile-enabled cloud-based access control system with commercial-grade keyless entry and remote management solutions. RFID Card Reader and Bluetooth Ready readers for complete door access control that supports mobile phone credentials, badge and key card credentials, fobs and access PIN codes. It provides solutions such as real-time reporting, zone sharing, scheduled locking, and remote access. The application is available in Google Play Store and Apple App Store. Invia Robotics, First Media, Team Liquid, Wonder are part of its clientele.
Who are the top competitors of Openpath?
Who are Openpath's investors?
Openpath has 12 investors. Key investors include Motorola Solutions, Allegion, Greycroft, LPC Ventures, and SENTRE.
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