SmartRent launches $31M partnership with Lennar

(Disclosure: Rose Law Group represents Lennar.)

By Andy Blye | Phoenix Business Journal

Scottsdale-based SmartRent, an apartment and home technology company, announced a strategic investment led by Lennar Corp. worth $31 million to help expand its line of products for homebuilders.

SmartRent offers products such as leak-detecting sensors, cloud-based access control panels, software to enable self-guided tours and in-ground sensors for parking management. The company has traditionally integrated this tech into apartments and rentals, so the new homebuilder and homebuyer vertical will come under the Alloy SmartHome brand.

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