Level Home, Inc. is a smart home technology company best known for the Level Lock, a smart lock engineered to be invisible by embedding its electronics inside the deadbolt to preserve a door's existing design. Founded in 2016 in Redwood City, California, by ex-Apple/Nest veterans John Martin and Ken Goto, Level designs hardware (Level Lock, Level Lock Pro, Level Bolt, Level Keypad, Level Connect) and built a multifamily smart home platform (Level M). In September 2024, ASSA ABLOY acquired Level's Level Lock hardware business, IP, and brand, which now operates as an independent subsidiary; the multifamily platform was spun off as Ambient Property Technologies.
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
Total raised $171M across 2 rounds
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Last updated 05-30-2026
Latest Round
Type
Series C
Date
November 10, 2021
Amount
$100M
Valuation
—
Lead Investors
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| November 10, 2021 | Series C | $100M | — | Cox Communications |
| October 15, 2019 | Series B (emerged from stealth) | $71M | — | Walmart, Lennar |
John Martin
Co-Founder & CEO
Ken Goto
Co-Founder & CTO
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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