News

KeyMe lands $50M funding boost

April 10, 2019

KeyMe, a robotics and AI firm in the locksmith industry, is getting $50 million for growth financing from BlackRock.

The funds will allow KeyMe, which provides residential, commercial and vehicle key duplication services via 2,300 smart kiosks, to drive its national product roadmap forward, according to a press release.It will also fund the expansion of the company's kiosk footprint in new and existing retailers, as well as additional service offerings.

"Our team is focused on providing unrivaled customer experience in this $12 billion a year industry," Greg Marsh, KeyMe CEO, said in the release. "This new round of investment from BlackRock will allow us to further accelerate our product roadmap and increase our national reach as we bring our service to tens of millions of consumers and businesses."