Walmart's investment in smart lock startup Level Home points to retailers' ongoing battles to drive convenience — and the smart home landscape's need for differentiation.
Walmart recently invested in smart lock startup Level Home, which raised more than $71M in its Series A in October. The retail giant is deploying Level Home’s technology in its InHome grocery delivery service, which launched last week in three cities.
The relationship points to the importance of partnerships across platforms & tools that drive the convenience that consumers demand. The investment from Walmart also gives Level Home a leg up in the crowded connected lock space.