Wednesday, April 24, 2024

Smart lock maker Otto folds before releasing its first product

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On a landscape increasingly driven by smart devices, a digital smart lock seemed like an obvious addition to the raft of home automation products already on the market. But Otto, the company that came closer than any other to making the product a sellable reality, has now closed its doors — just four months after showing off its device to the world.
Otto founder and CEO Sam Jadallah reveals in a lengthy Medium post, titled So Close, that the startup came so close to getting …..
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