Smart Lock Firm Latch Transforms Into Full Building Platform With LatchOS
Latch expands beyond door access with LatchOS, a new platform that integrates smart thermostats, speakers, and lighting into its building management system. The shift allows the company to generate new revenue from end users while continuing its rapid growth in residential real estate.
Smart lock company Latch launches LatchOS, a new operating system that expands its reach far beyond apartment door access. Originally founded to create vertically integrated hardware and software solutions for building entry, Latch now integrates with devices like Sonos speakers, Honeywell thermostats, and Jaso light switches. This transformation allows property managers and residents to control their entire building environment directly through the existing Latch app.
The company builds LatchOS to serve as a comprehensive backbone for physical spaces, enabling future integrations tailored to specific building needs. Latch currently powers one out of every ten new buildings in the United States and generates over $100 million in annual sales. By evolving from a simple lock provider into a full-scale platform, Latch positions itself as a central hub for smart building technology.
This platform approach also opens up new revenue streams for the well-funded startup. While Latch traditionally earns money by selling hardware to builders and charging monthly software fees, LatchOS allows the company to monetize end users directly through premium features and in-app service purchases. The founders emphasize that they never intend to be just a lock company, but rather use the locks as a necessary foundation to build a better overall system for everyone in the building.