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Smart Lock Maker igloocompany Establishes U.S. Presence

Targets 1 million devices to be deployed with new IoT deadbolt.

igloocompany, the Singapore-based smart access solutions provider, has announced the establishment of a United States team and office. Despite the looming effects of the pandemic, the company aims to propel growth by three-fold, targeting a slice of the US$46 billion smart home market over the next few years.

igloocompany Smart Deadbolt

igloocompany charges on into expansion mode with plans to deploy one million devices in the U.S. across the next three years. It is poised to mark its entry with its first IoT Deadbolt. This product is part of the iglooworks access solution for real estate and property management verticals, which is projected to grow to $339 billion in 2024 at a CAGR of 3.37 percent.

The IoT Deadbolt is the newest addition to the enterprise suite of solutions, supported by igloodeveloper for integration into existing workflows and platforms. The full-stack solution is designed to help property management firms manage access on a scalable level. By leveraging on public NB-IoT and LTE-M networks, the lock is positioned to solve pre-occupancy or property touring pain points, where onsite networks such as Wi-Fi or Z-wave are unavailable.

Started in 2015, the company’s rapid growth was made possible with the support from Enterprise Singapore (ESG), the government agency that works with Singapore companies to build capabilities, innovate, and internationalize.

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