Allegion acquires portfolio company Yonomi

Jan 12, 2021 • Jordan Williams

Allegion paid an undisclosed amount for the IoT cloud platform developer having participated in its $5m series A round in 2018.

Yonomi, a US-based internet-of-things (IoT) technology provider has been bought for an undisclosed amount by one of its investors security product manufacturer Allegion.

Founded in 2013, Yonomi has developed a cloud-based smart-home ecosystem that is able to discover and interact with IoT devices. Millions of devices located in more than 150 countries are connected to the platform.

The company will now become a division of Allegion managed by Yonomi CEO Kent Dickson. He said: “Allegion has been a significant partner…

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