Smart lock maker Otto suspends operations

Smart lock maker Otto suspends operations

Company founder Sam Jadallah has announced that the digital lock maker Otto has suspended operations.

Otto is one of a number of companies that have been developing “smart” digital lockers – which allow users to remotely grant access to their homes to delivery personnel and other service providers.

In a long blog post, Jadallah said that the product “struck a happy chord with the marketplace”. However, Otto encountered problems when a large public company expressed an interest in buying Otto, but then pulled back.

 

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