Unikey Technologies Shark Tank Update

Unikey Technologies Shark Tank Pitch

Phil Dumas created a lock that can be accessed by a cell phone called Unikey. Permission to access a Unikey lock can be sent to other people such as a dog watcher, to provide temporary access.

Phil intends to spend the money on securing patents. Then Phil needs to purchase the equipment and labor to produce Unikeys. Phil intends to pursue a licensing deal with Black and Decker and if that fails he will take Unikey to market himself.

Phil branded himself as a problem solver. Perhaps for the first time in Shark Tank history, every shark offered to put in money. He eventually worked out a deal with Mark and Kevin, with Mark putting in $400k to Kevin's $100k.

Unikey Technologies After Shark Tank

According to a 2018 article

Phil became interested in electronics and locks in college in 2007, however, felt the technology wasn't ready. Phil worked for a fingerprint lock company followed by a job flipping financially distressed companies before returning to his lock idea in 2009.

A new Bluetooth low-energy technology allowed for Phil to more feasibly build what he dreamt up. In 2015 Unikey released its first lock through a licensing deal with Kwikset under the name Kevo.

Phil's parents were entrepreneurs so many traits were ingrained in him. Phil learned to save when times are good and be patient and optimistic during bad times.

According to a 2017 article

In 2019 Unikey focuses on software and was integrated it into hundreds of products. Unikey had over 50 employees in its office in Orlando, Florida, which was tricked out with ping pong and foosball tables.

As of 2022, Unikey's Twitter and Facebook and Phil's Twitter, @UniKeyPhil