Smart lock maker Level has been gutted and its founders are out
Smart lock manufacturer Level Home has undergone significant layoffs and restructuring after being acquired by Assa Abloy. The company's founders have departed, and operations are being folded into the Kwikset brand, raising concerns about future product support.
Why it matters
This consolidation reflects broader trends in the smart home industry where smaller, innovative startups are being absorbed by legacy hardware conglomerates.
Assa Abloy has laid off the majority of staff at Level Home, the smart lock company known for building smart tech into traditional-looking deadbolts, and is folding the business into Kwikset, according to a source familiar with the decision.
The report relies on internal sources and company statements to document a corporate restructuring event.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in