Padlock and key are outdated: Open App offers IoT solutions to companies that need security

After being in stealth mode for two years, accumulating a deal of Rs 13 crore-3,00,000, Open App wants companies to “throw away their obsolete keys”. The padlock and the key have been used for centuries to protect valuables and store confidential documents: although they have worked well for personal use, lock systems and keys are problematic in scenarios of business where there are multiple keys and thirds. The situation is more complex and security can be compromised quite easily: keys can be duplicated and unauthorized people can open locks without detecting them. Open App is an Indian technology company that specializes in smart locks. In the Internet of Things (IoT) sector, its objective is to provide a scalable solution to solve key and flight management problems for companies of all sectors. Here is his story. History up to now The Open App Team application was conceptualized in March 2014 and was officially incorporated at the beginning of 2015 The founders, Gotama Gowda (26), Rajshekar Jenne (28), Siddhesh Keluskar (25) and Mayur Chavan (27), researched the sector and moved from their original idea to focus on an intelligent end-to-end closure solution for Business. While Gotama has a degree in journalism from Christ University and may not be the CEO of a new technology company, it seems that he learned everything from scratch and can connect and explain the specifications. technical and diverse aspects of their products and facts and figures in the intelligent interlocking space with ease. The open application is not the first Gotamaare experience with the boot. He previously helped launch a creative design and technology agency, NMTIY, which was acquired by Hashtaag, a unit operated by KGJ Software Technologies. While Gotama manages global operations, he is helped by a light team with diverse backgrounds: Rajshekar, a graduate of the University of Lancaster, works as the company’s COO; Siddhesh, a Mr.Tech from IIT KGP, works as a CTO; and Mayur, who has a master’s degree in design from IISC, is their main product designer. Gotama admitted that in 2014, he was not aware of the IoT sector, and only after a friend told him about the promise of the industry that he submerged. With the aim of creating an intelligent digital lock ecosystem that can be used all over the world, Open App began 2016 delivering a batch of 500 smart locks to India’s fourth ISP. Speaking of videosix, Gotama said that the ISP had local centers scattered in different locations. Service personnel will monitor or maintain them regularly in case of a customer complaint. He said: For a long time, this equipment was protected with traditional locks and keys. However, the keys could be easily duplicated and the ISPs had no control over when their staff accessed the team and if something valuable was stolen. To increase Rs 30 lakh to sign an agreement Rs 13-crore Gotama and his team noticed that the pain point above prevails in other industries, such as logistics, oil and even banks. Therefore, Open App has decided to give companies the opportunity to better control their equipment and avoid unauthorized use. Currently, Open App is in contact with investors to raise external financing. The startup had initially raised 30 lakh rupees from friends and family as convertible bonds, to function as working capital to satisfy existing customer orders, with the intention of rotating the revenue generated to continue production and deployment. . May 2016 was the most important month for the company. Gotama said they had sealed one of the largest B2B orders in their space with two of the largest ISPs in India, with a size of more than Rs 13 crore ($ 2 million), to scan all switch boxes, up to 3, 00,000 property units by the company. The order is processed in batches. While ISPs are its main clients, Open App also has clients in other industries, but asked us not to name its clients for privacy reasons. In August 2016, Open App had installed its entire supply chain. In September, they said they delivered 2,000 of the 3,000,000 smart locks promised. The startup is being expanded by your team. Mr. Gotama pointed out that the most difficult part of the whole journey was establishing the supply chain and finding the right manufacturing partners. Speaking of the industry, he said, Open App is the only successful “startup” in the smart IoT blocking segment in the country, and the only business-oriented company in the world. Nobody else is making a retro adjustment for companies. General description of the sector Although there are security concerns in the massive adoption of IoT, and although the industry is still in In its infancy, the global smart locks market is expected to grow at a compound annual rate of 75% in the 2016-2020 period. The global market is expected to reach $ 24.2 billion by 2024. In general, most market leaders, such as August Home, Kwikset and Lockitron, focus primarily on the residential market. Open App competes more with actors like SS, which focuses on homes and businesses. Closer to home in India, former players like Godrej are also looking to enter homes and businesses. Demonstration of the Open Appliance Enterprise Locking operation Demonstration of blocking open lock Gotama said the USP its solution Smart business lock is that it can be operated from remote locations without Internet addiction. He said: Smart blocking acts as a router that emits its own Wi-Fi signal by connecting to a power source and then allowing the user to connect through the Wi-Fi discovered on their phone. Companies can synchronize multiple phones with a lock and also multiple locks with just one phone, if necessary. Mr. Gotama noted that their locks are made of heat-resistant fiber-reinforced composites with built-in surge protection and rugged electronic components designed to operate up to 100 degrees Celsius. Open application lock mechanism, GIF- credit With an intelligent lock solution, the Companies can have better overall control. For example, ISPs can monitor their service agents and get a panoramic view of their movements and also find the people responsible in case the valuable equipment is stolen from their connection boxes. This can also be extrapolated to other industries, such as oil and the bank, where it is known that the delivery staff regularly extracts small amounts of fuel and money without detecting it. Future projects? Gotama said that he and his team are registering 15 patents in the intelligent lock space to protect their technology and exclusive techniques. He said that they were in stealth mode for two years, and therefore almost did not do marketing and tried to avoid unnecessary attention. They had not applied for a patent before because of the high costs associated with them and, therefore, preferred to reinvest their capital in the business. While its main focus until now was on companies, Open App aims to launch a “smart block” for the masses in mid-2017. Gotama said he tends to forget where he keeps his keys, but never forgets your phone, and that is a common behavior today. Speaking of his latest product, he said, Product development is already underway, and the added benefit of having done so for more than a year has allowed us to accelerate. Gotama shared a video demonstration of his next lock, and noted that he would be able to take four tons of force, have a battery life of approximately six months (with an ease of USB charging), and also have a mechanical priority in case of emergency situations. While there Still confident about the main applications of the Internet of Things, it is still considered one of the best alternatives to some current anarchic systems in different use cases. Open App goes after a specific use case where the benefits of adopting the new technology overcome the disadvantages. The startup will now have to play the Patient Patient game and continue innovating to make sure they “click” with their customers. Website-

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