![]() ![]() Yell at ABC for locking down their videos. ![]() If you don’t mind dealing with several minutes of ads, you can see Unikey’s Shark Tank footage by clicking to the 28:42 mark. Unikey tells TechCrunch that they’ve had tens of thousands of sign-ups since appearing on Shark Tank. However, there’s a form on the company’s website to reserve a spot in the pre-order line and you may want to put your name down. The Unikey is not yet available for purchase or pre-order. A standard key still works with the system, too. Plus, the company promises a robust user management system allowing owners to quickly grant and deny access to other phones - there’s even a scheduling system to allow access during only specific times. With Unikey, a paired phone simply needs to be next to the door to gain access. This led Dumas to develop Unikey as a more reliable and convenient system. There are a lot of points for potential failure. As we’ve probably all experienced, biometric security is anything but foolproof. This was after one of the show’s other sharks, Robert Herjavec offered $1,000,000 for a whopping 75% of the company.Īs Dumas explained on the show, his background is in biometric security and while at Sequiam Corp, helped launch the first mass-market biometric residential deadbolt. “As long as I’m in range of the lock, I can control it,” said Unikey founder and CEO Phil Dumas on the show.Ĭuban and O’Leary were rather enthusiastic about the company and Dumas accepted $500,000 in exchange for two seats on the company’s board and a 40% equity stake. 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. Once the Unikey locking system is installed in a door, any paired Android, iOS, or BlackBerry device can unlock it. The amount appears to be in addition to a $500,000 equity stake raised from Mark Cuban and Kevin O’Leary earlier this year on the season finale of the program. Based on the product's website, the UniKey can be used not only in residential situations, but for commercial use and automobiles, as well.Unikey Technologies, a company made known by ABC’s Shark Tank for technology that turns your smartphone into a universal door key, has raised $1.1 million according to an SEC filing. Dumas continues to grow his initial idea by snagging many additional patents using the UniKey technology, and has brought in more than $25 million in additional funding. According to Shark Tank Tales, the company has brought in at least eighteen new partners in 65 countries, worldwide. Today, under the KwikSet brand, UniKey continues to expand its business. According to the UniKey website, the two companies linked up at the perfect time as KwikSet "had to find a partner who could combine leading-edge technology with the reliability their customers had come to expect from their brand." The UniKey was then licensed under the already established brand name KwikSet. However, what actually happened with the UniKey after it was featured on the show?Īfter being on "Shark Tank" and striking a verbal deal with Sharks Mark Cuban and Kevin O'Leary, Dumas ended up finding even more funding from a different investor, who shelled over more cash for less ownership of the company (via Shark Tank Blog). Dumas walked off the stage with what he believed was his new route to success. Eventually, Mark Cuban and O'Leary teamed up to strike a deal, accepting Dumas's counter offer, which was the cash for 40% of the company. Shark Kevin O'Leary was the first to chime in, expressing interest in the business, which eventually set off a feeding frenzy throughout the panel. When Dumas presented his UniKey, he asked for a $500,000 investment in exchange for 33% ownership in his company. ![]() And based on the Sharks' reactions, this was an idea worth exploring. The technology also allows users to temporarily give other people access, using the same function, eliminating the need to exchange those pesky little metal keys. The UniKey allows you to unlock/lock door bolts with the use of your smartphone. Our floor-anchored, mechanical locking wedge fortifies the door at its strongest point the. In Season 3, Episode 15 of the long running reality series, Phil Dumas presented his invention, the UniKey, to the panel of "Shark Tank." Dumas explained to the judges that it was time to toss the conventional door key away, and make room for today's technology. HAVEN is a first-of-its-kind preventative home security platform. ![]()
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