Access control startup Nexkey announced on its website last week that it is ceasing operations and that customers can expect their service to end effective at the end of the month.
The company, which made its industry debut just a few years ago, developed technology designed to convert existing door locks into cloud-connected access control points that could be opened with a mobile credential.
In its statement, the company said that it had sought to secure additional funding, sell the company or partner with another firm to keep the organization afloat but that nothing ever materialized.
Here is the statement in its entirety:
Dear valued customers, partners and friends of Nexkey,
Today we have to deliver some sad news: Nexkey is shutting down and your service is scheduled to end on August 31st 2022.
Thank you so much for your support over the past years that we’ve been offering our access control service to you.
This was not a decision that we have made lightly but we have run out of options.
Since the beginning of the year we have worked to secure another round of funding or to sell the company to, or partner with, potential strategic parties that could continue providing our services to you. Unfortunately, due to the economic downturn and current market conditions outside our control, we weren’t able to complete any such transaction after extensive efforts.
Please note that our cloud-based service should be able to be operated without any interaction from our team through the end of August, we had to let our team go so we will not be able to intervene if any of the specific services to run our infrastructure has an issue.
Accordingly, there can be no assurance that our service will continue uninterrupted and you are urged to transition to another access control system as soon as practicable.
Our team has put together a list of access control service providers across the US for our customers that can help you transition to another access control system.
You can find this list by following this link.
We’re incredibly sorry for the inconvenience this is causing and say thank you again for the chance we had to support you and your business.
