Uni Key Technologies Shark Tank Update
UniKey Technologies - Electronics
What Happened to Uni Key Technologies After Shark Tank
Is Uni Key Technologies still in business? Yes — still in business.
UniKey developed smart lock technology; their Kevo smart lock was developed with Kwikset. The technology was key to several smart lock products.
$5.5M
reported annual revenue
- On-air deal with Kevin O'Leary and Mark Cuban for $500,000 for 40% equity; deal did not close during due diligence
- Developed Kevo smart lock technology with Kwikset/Assa Abloy
- Pioneered smartphone-based lock technology
- Took over Kevo infrastructure from Assa Abloy in 2025; continues operating as an independent company
Last verified Apr 10, 2026.
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The Uni Key Technologies Shark Tank Pitch
Phil Dumas of Orlando, FL pitched Uni Key Technologies on Shark Tank Season 3, Episode 15, which aired Friday, May 18, 2012, asking for $500,000 for 33% of the company — a $1.5M valuation.
Mark Cuban and Kevin O'Leary teamed up and agreed to invest $500,000 for 40% equity, valuing the company at $1.3M. The deal fell through after the show. Deal with Cuban and O'Leary did not close; company secured alternate VC funding.
Pitch Details
- Aired
- S3E15May 18, 2012
- Ask
- $500,000for 33%
- Ask Valuation
- $1.5M
Deal Terms
Terms agreed on air. The deal did not close.
- Amount
- $500,000
- Equity
- 40%
- Valuation
- $1.3M
Mark Cuban
Kevin O'Leary