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June 23, 2012 07:06 am GMT

After Surviving ABCs Shark Tank, Unikey Technologies Raises $1.1M For Smartphone Door Keys

unikey logoUnikey Technologies, a company made known by ABC's Shark Tank, has raised $1.1 million according to an SEC filing. This would add additional non-debt funds to the company's funding, which also includes a $500,000 equity stake raised from Mark Cuban and Kevin O'Leary earlier this year on the season finale of the program.Unikey found success on ABC's Shark Tank for a great concept: it 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.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/n6hoPxUiC3M/

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