Allegion Ventures, the corporate venture fund of Allegion plc, has made a strategic investment in Asylon, a company specializing in robotic perimeter security. The investment was part of a larger $24 million Series B funding round for Asylon. The round was led by Insight Partners, with additional participation from Allegion Ventures, Veteran Ventures Capital, and the GO PA Fund.
Asylon’s technology combines autonomous drones, ground robotics, and AI software to provide automated physical security solutions for commercial and government clients.
Since its founding in 2015, the company has completed over 250,000 security missions. Asylon plans to use the new capital to expand its teams and accelerate product development.
The financial terms of the Allegion Ventures investment were not disclosed.
KEY QUOTES:
“Asylon’s innovative use of robotics and AI to deliver scalable, automated security solutions is supporting safer and smarter environments for businesses, institutions, their employees and their customers – and we’re excited to invest in their growth.”
Allegion Ventures Managing Director Bobby Prostko
“We are proud to partner with Allegion Ventures. The Allegion legacy and expertise in physical security and access control blends perfectly with our mission of modernizing the perimeter with robotics and AI. Together, we can unlock new possibilities to meet the growing global demand for smarter, safer infrastructure.”
Asylon CEO and Co-Founder Damon Henry
