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![🔑 OpenPath's Major Key [Alert]](https://d3t3ozftmdmh3i.cloudfront.net/production/podcast_uploaded_nologo/2130720/2130720-1593202700867-4141649a29e78.jpg "🔑 OpenPath's Major Key [Alert]")
Episode Synopsis "🔑 OpenPath's Major Key [Alert] "
Last week OpenPath announced a $36m Series C round of funding and wowza’s there is a lot to unpack with this one. Here is the press release. ❓What is OpenPath OpenPath is a rising star in the access control (office locks) space. We use it at Robin and it’s pretty freakin’ cool. You can Jedi hand wave to unlock doors 👋 🧾 Who invested $36m is a lotta dough. Led by Greycroft who was also early in ManagedByQ and Teem so they have been pretty active in the “workplace” and PropTech space. Most interesting to me is that Okta, the enterprise identity platform, participated in the round. The quote below really caught my eye (emphasis is mine): “As the leading provider of identity for the enterprise, we understand that security teams now more than ever need to link their cyber security and physical security technologies together. Since integrating the Okta and Openpath platforms over a year ago, our many shared customers have benefited from a safer and more secure enterprise,” said Monty Gray, Senior Vice President, Corporate Development, Okta. “We’re thrilled to become a strategic partner of Openpath and support their vision, not only for our own dynamic workplace, but also for our joint enterprise customers, with end-to-end fully-encrypted contactless access control.” 🤩 Why this is so exciting Okta is the gold standard for ‘Enterprise Identity’ today and acts as the digital version of access control but for the endless SaaS services rollout. Think of it this way: OpenPath manages/grants physical access to the office Okta is the tools credential/pass Put these two together and you have a phenomenal foundation to a “workplace tech stack” that feels frictionless for the employee experience. Partnerships and integrations like this really set the tone when it comes to best-in-class experiences. Organizations will be looking to add to that “stack” across all elements of the workplace experience, especially as the office becomes more flexible.
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