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August Locks Down $38 Million in Series B Funding

August, maker of an Yves Behar-designed, Bluetooth-equipped door lock, has closed a giant round of funding as it looks to expand into new products. Bessemer Venture Partners, Comcast Ventures and Qualcomm Ventures are leading the $38 million dollar Series B funding round, bringing August’s total funding to date to $50 million. Previous investors include Maveron, Cowboy Ventures and SoftTech VC. The August “smart” lock launched last fall and received a favorable review from Re/code’s Walt Mossberg — though it’s not without its competition in the smart-home space. August co-founder Jason Johnson says the company plans to expand its footprint in retail stores throughout the U.S. and is also developing new products for the smart home.

This article originally appeared on Recode.net.

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