Guardible sells Direct-to-Consumer smart home security devices and just completed a market validation test for our signature Smart Deadbolt Lock. We acquired 1,600 potential customers via email subscriptions and over 90 cash deposits for initial orders all at profitable margins. This market validation test showed extremely positive feedback for our lock.
Our current financial model shows us at a $4M+ valuation at the end of the first year of commercialization!
The global market for smart locks was $1.16 billion in 2019. It’s expected to increase at a CAGR of 18.5%, reaching $4.52 billion in 2027.
Traditional locks and keys have long been the home security standard, but they don’t always provide the
convenience and flexibility the modern homeowner demands.
Most common problems with traditional door locks include: “sticky” locks, frozen locks, misalignment, key broke inside lock, forgetting to lock door, physical presence required to unlock door, and more.
Traditional locks can also be easily picked with a bump key, power drill or sometimes even just paper clips.
Current smart locks on the market are inconsistent in terms of connectivity, lack important security features and are too difficult and complex to manage.
The Guardible Smart Deadbolt Lock gives users the key to superior convenience, reliability and safety. It offers 5 different ways to unlock the device: Guardible mobile app, fingerprint reader, pin code, NFC Bracelet and mechanical key. It also comes with an auto-lock sensor that locks the door when closed so you never have to worry about whether or not you locked the door.
The app is consistently monitored and updated to provide the latest security protocols, ensuring encrypted communication between the app and the lock.
We have secured an OEM agreement with a smart lock manufacturing company for the rights to produce our signature smart deadbolt lock at efficient rates. We have also engaged a leading IoT mobile app development agency to spearhead the development of the Guardible app and ensure it has the most up-to-date and advanced security protocols.
We are looking to raise $300,000 for 50% of our company via SAFE notes.
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