Level Home, Inc. makes the Level Lock, a smart lock that hides its electronics inside the deadbolt. Founded in 2016 in Redwood City, California, by ex-Apple veterans John Martin and Ken Goto, it also built a multifamily smart home platform. In September 2024 ASSA ABLOY acquired the Level Lock hardware business, IP and brand; the multifamily platform was spun off as Ambient Property Technologies. In June 2026 ASSA ABLOY reportedly laid off most of Level's staff and both co-founders departed; ASSA ABLOY says Level continues to operate and its locks remain supported.
Level Home has been acquired
This company is no longer available on our private secondary market.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2016
Employees
51–200
Total Funding
$171M
2 rounds
ASSA ABLOY reportedly laid off most of Level's staff, co-founders out; parent says Level keeps operating and is not being folded into Kwikset
Parent-owned since 2024; no secondary liquidity implication
Level co-founders John Martin (CEO) and Ken Goto (CTO) reportedly departed amid Assa Abloy restructuring
Founder exit under parent; no secondary liquidity implication
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Total raised $171M across 2 rounds
Last updated 10-03-2026
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| Nov 10, 2021 | Series C Press release | $100M | — | Cox Communications |
| Oct 15, 2019 | Series B (emerged from stealth) TechCrunch | $71M | — | Walmart, Lennar |
John Martin
Co-Founder; former CEO (reported departed June 2026)
Ken Goto
Co-Founder; former CTO (reported departed June 2026)
Competitor list is illustrative and may be incomplete, stale, or erroneous.
August Home
Smart lock maker (owned by ASSA ABLOY's Yale brand) offering retrofit Wi-Fi smart locks that install over existing deadbolts; direct competitor in the consumer retrofit smart-lock segment.
Yale (ASSA ABLOY)
Global residential lock brand owned by ASSA ABLOY; the Yale Assure Lock 2 line competes head-to-head with Level Lock+ on Apple Home Key and Matter-enabled smart deadbolts.
Schlage (Allegion)
Residential lock brand from Allegion plc (NYSE: ALLE); Schlage Encode Plus competes on keypad smart deadbolts with Apple Home Key and Wi-Fi connectivity.
Kwikset (Spectrum Brands)
Mass-market residential smart lock brand owned by Spectrum Brands (NYSE: SPB); competes on price with retrofit and keypad smart locks like the Kwikset Halo Touch.
Ultraloq (U-tec)
U-tec's Ultraloq line of multi-factor smart locks (fingerprint, keypad, Wi-Fi) competes with Level on consumer smart deadbolts at a lower price point.
Aqara
Chinese smart-home brand whose smart locks with Apple Home Key and Matter support compete with Level Lock+ in the premium retrofit segment.
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