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moves money The Verge June 26, 2026

Smart lock maker Level has been gutted and its founders are out

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Level’s defining innovation was hiding the battery, motor, and electronics that power the smart lock inside the deadbolt itself. | Photo by Dan Seifert / The Verge Assa Abloy has laid off the majority of staff at Level Home , the smart lock company known for building smart tech into traditional-looking deadbolts, and is folding the business into Kwikset, according to a source familiar with the decision. The Verge obtained exclusive details from a person familiar with the restructuring who reques

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