AccessGrid, a startup founded by Auston Bunsen, has raised $4.4 million in seed funding to revolutionize access control technology by enabling smartphones to act as digital key fobs. Bunsen, previously known for his blockchain developer platform QuickNode, recognized the potential for leveraging Apple and Google’s wallet platforms to streamline access management.
AccessGrid’s innovative APIs allow companies to easily integrate digital key fob functionality directly through popular smartphone wallets. Bunsen highlighted the convenience of unlocking doors with iPhones, emphasizing the seamless integration with Apple Watch and the functionality even when the phone is inactive or powered off.
The startup aims to modernize the outdated access control industry, which has been plagued by on-premises systems and vulnerable technologies from the 1990s. AccessGrid replaces traditional methods with secure, uncloneable credentials issued via encrypted channels that can be promptly revoked through cloud-based controls.
Addressing cybersecurity concerns, Bunsen assured the use of robust encryption mechanisms, including military-grade standards and multi-factor authentication protocols. By prioritizing data security and advanced encryption, AccessGrid strives to set new benchmarks for physical security solutions in line with contemporary standards.
Source: TechCrunch