After Surviving The ?Shark Tank?, Unikey Technologies Raises $1.1M In Equity Funding

Unikey Technologies, a company made known by ABC's Shark Tank, is raising $1.1M through a private offering according to an SEC filing. This would add additional non-debt funds to the company's coffers which also includes a $500,000 equity stake raised from Mark Cuban and Kevin O'Leary earlier this year on season final of the program. Unikey found success on ABC's Shark Tank for good reason: It's a great concept. Unikey essentially turns smartphones into a house key. Once the Unikey locking system is installed in a door, any paired Android, iOS, or BlackBerry device can unlock it. The system is not dependent on an app, but rather the system unlocks the door by simply detecting when the phone is in the immediate vicinity. "As long as I'm in range of the lock, I can control it," said Unikey founder and CEO Phil Dumas on the ABC show.

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