News

Technology Firm Proxy raises $13.6M In Series A Round

Proxy deploys Bluetooth technology for its innovations.

Technology Firm Proxy raises $13.6M In Series A Round

Proxy, a technology company that deals in keyless, badgeless office entry, has successfully raised $13.6 million in Series A round of funding. The investment was led by Kleiner Perkins, a venture capital firm headquartered on Sand Hill Road.

With the fresh investment, Proxy aims to turn mobile devices into skeleton keys. It will help people to access multiple things just with their smartphones and it will also cut down the need to carry keys and cards everywhere.

Denis Mars, Poxy co-founder, and CEO said in a statement,

To make the communication secure and private, Proxy aims to power the device with an encrypted one-time token. It will prevent any unauthorized access and also at the same time, the interaction of the device will remain protected.

The badge-based RFID entry is already existing in most of the offices and bringing something like skeleton keys won’t be an issue for Proxy. Also, it will help save time, as Proxy integrates the technology with existing access control systems.

The technology used by Proxy engages a Bluetooth Low Energy signal with an encrypted identifier which can even work even if the device is six feet away.

Arpit Dubey
Written By
Arpit Dubey
Arpit is a dreamer, wanderer, and a tech nerd who loves to jot down tech musings and updates. With a logician mind, he is always chasing sunrises and tech advancements while secretly preparing for the robot uprising.

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