Touchless Technology is the Norm in Asia. Is North America Next?
The Signal: Interest in touchless (or contactless) technology has risen sharply since the outbreak of coronavirus.
Proxy, an SF-based startup which raised $42m in March (and $59m total) is a fast-growing player in the touchless technology space. In recent weeks, it has seen referring domains to its website spike.
Founded in 2016, the company provides a suite of products to enable touchless access for commercial and residential properties:
- Hardware: The firm sells a Mobile Reader, which can be used on any type of entrance, including doors, elevators, turnstiles, or garages. Its product line ranges in price from $299 to $349.
- Software: To operate its hardware (e.g., open doors), Proxy has a mobile access plan provided through an accompanying app. Mobile access is priced between $49 and $69 per mobile reader, providing permissions, settings, tracking, etc.
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