Geokey provides a hardware-agnostic mobile access control system that utilizes geofencing technology to secure properties without the need for traditional readers or managed WiFi. This solution reduces installation costs and simplifies key management, saving businesses over 500 hours annually while enhancing security through three-factor authentication.
Funding
$5.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional access control systems often require expensive hardware installations, such as card readers and managed WiFi networks, leading to high upfront costs and ongoing maintenance. Key management can also be time-consuming and complex, requiring manual processes for issuing, tracking, and revoking access credentials.
Solution
Geokey offers a mobile access control system that utilizes geofencing technology to provide secure property access without the need for traditional hardware. The system uses a smartphone's location to verify a user's proximity to a designated entry point, granting access when the user is within the defined geofence. An online portal enables administrators to remotely manage user access, send or retract digital keys, and view real-time analytics. By eliminating the need for physical keys and readers, Geokey reduces installation costs, simplifies key management, and enhances security through multi-factor authentication.
Target Audience
Geokey targets property managers, building owners, and community administrators seeking to streamline access control, reduce costs, and enhance security for residential and commercial properties.
Features
- Hardware-agnostic design integrates with existing door systems and software
- Patented geofencing technology eliminates the need for card readers or managed WiFi
- Mobile app for residents provides keyless entry via smartphone
- Online portal for administrators to manage user access and generate reports
- Real-time analytics dashboard provides insights into access patterns
- Three-factor authentication enhances security
- Remote access control enables instant key revocation
- Integration with other property management software