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Allegion Ventures Makes Strategic Investment in Asylon Robotics

1. Allegion Ventures invests in Asylon, enhancing its security technology portfolio. 2. Asylon raised $24 million, indicating strong market demand and growth potential.

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FAQ

Why Bullish?

Allegion's investment in an innovative tech firm can enhance market position. Historical examples like acquisitions leading to increased market share substantiate long-term benefits.

How important is it?

Investment in Asylon positions ALLE for future growth in security tech, aligning with market trends.

Why Long Term?

Investments in cutting-edge technology typically manifest benefits over time, similar to past Allegion growth strategies.

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ALLE
CARMEL, Ind.--(BUSINESS WIRE)--Allegion Ventures – the corporate venture fund of Allegion plc – has expanded its portfolio with a strategic investment in Asylon, Inc., a leading provider of robotic perimeter security technology. Asylon recently completed a $24 million Series B funding round, which was led by global software investor Insight Partners, with strategic participation from Veteran Ventures Capital and the GO PA Fund, alongside Allegion Ventures. Asylon's solutions combine autonomous.

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