“Openpath’s founding team successfully started and sold three previous companies. When they began to think about startup number four, I jumped at the opportunity,” said Ken Elefant, Managing Director, Sorenson Ventures.
Openpath is a Los Angeles-based startup that combines hardware and software to create smart security solutions for modern offices. The company’s flagship product, Openpath Access, simplifies and secures employee access and makes office management easier than ever. With encryption at every level and user-level permissions that can be updated in real-time, Openpath Access is more secure and dynamic than traditional systems. Openpath Access is also extremely flexible and supports contactless entry, capacity management, and contact tracing to ensure safe work environments as gathering and compliance requirements change.
“I’ve known Ken Elefant for nearly 20 years. I’ve always wanted to work with him because of his expertise in security and enterprise software.”
Elefant continued, “Openpath figured out a way to apply the most sophisticated digital capabilities to physical spaces, which enhances security, while simplifying access and management. Their connected device approach to managing offices and buildings is ingenious.”
Openpath President and Co-Founder, James Segil said, “I’ve known Ken Elefant for nearly 20 years. I’ve always wanted to work with him because of his expertise in security and enterprise software. Even before the Openpath concept was fully formed, Rob Rueckert, Ken Elefant, and the Sorenson team helped us define our focus and initial opportunity.”
Openpath now has more than 70 employees and helps its customers manage more than 1600 offices with 250,000 employees. Target markets include commercial office buildings, educational institutions, retail, houses of worship, large companies, and multi-family housing.
Segil summed up the relationship, “Although we were lucky enough to have the resources to self-fund Openpath based on our previous exits, we still wanted to bring Sorenson Ventures in as seed investors. They provide more than money. We wanted their support, advice, and steady hand as we built this business.”