Despite surpassing its funding goal, smart-lock firm Amadas to shutter campaign

Despite the celebrated Kickstarter success stories which seem to pop up almost every week, running an effective crowdfunding campaign is incredibly difficult — even if you manage to hit your funding goal. Take the case of Amadas, a South Korea-based smart-lock company that, despite raising nearly $20k more than it was looking for, has announced it plans to shutter its run on Kickstarter this coming Monday. Citing a misunderstanding among backers as to what it was actually selling, Amadas says it may return to the site next year.

On paper, Amadas’ connected smart lock was to come in the form of a stainless steel lever handle which was intended to boast keyless entry, AES encryption security, and an emergency recharge function. Sounds straightforward, right? Not so fast. While speaking to TechCrunch at this week’s TechCrunch Disrupt in San Francisco, Amadas CEO Eun Min Park said many potential customers were apparently turned off by the product’s Bluetooth-only approach. The desire among customers, according to Park, was to have the ability to unlock the handle from literally anywhere in the world via Wi-Fi — something a Bluetooth-only connection wouldn’t offer.

“Nowhere on our campaign page does it say that we support Wi-Fi but we were getting a lot of complaints from the backers,” said company COO, Sung Kim to TechCrunch. “Some even claim we are misrepresenting our products.”

Considering the company started out focused on providing a product compatible with Bluetooth, Amadas says it will likely be a long time before it’s able to integrate Wi-Fi into the product. Park added that “eventually, we will make locks that are compatible with HomeKit, Nest, and so forth,” before acknowledging the security concerns native to smart locks as seen during a recent DEF CON conference.

Outside of the apparent controversy, Amadas’ smart locks are actually fairly innovative — and perhaps that is why it still managed to surpass its funding goal despite the confusion. For starters, its wire-free product is comprised of stainless steel (as noted above) and features an easy-to-use embedded keypad powered by a built-in solar panel. Furthermore, owners can take advantage of the device’s emergency recharge capability should the batteries come up empty — with the site saying just two AA batteries should last roughly 12 months. Couple these physical features with an intuitive smartphone application and Amadas’ product looks more useful than shady.

Nonetheless, Park mainly attributed the campaign’s cancellation to the company itself not being “well enough prepared” and stated that the firm hopes to “try one more time and get it right this time.” As of now, it appears Amadas is still accepting funding via its Kickstarter page though it’s unknown whether or not the company intends to fill its pre-sold orders.

Smart Home

August celebrates No. 1 ranking with white, limited-edition smart lock

One billion lock operations is a pretty huge milestone for a smart home manufacturer and the top-selling brand, August, is celebrating by releasing a limited edition version of its classic smart lock - in white.
Computing

Wi-Fi helps connect all of our devices at high-speed, but what exactly is it?

What is Wi-Fi? It's a technology we all use everyday to connect all of our portable devices, but understanding how it works and how far it's come from its humble beginnings is another thing entirely.
Gaming

These are the must-have games that every Xbox One owner needs

More than four years into its life span, Microsoft's latest console is finally coming into its own. From Cuphead to Halo 5, the best Xbox One games offer something for players of every type.
Wearables

The Google Pixel Watch could finally launch sometime this year

From its Pixel smartphones to Google Home, the Google brand is quickly becoming synonymous with high-quality consumer hardware. Eventually, according to rumors, Google may branch out a little further by creating its first smartwatch.
Smart Home

Ring adds color night vision to wired security devices and HDR to wireless ones

Ring rolled out color night vision to its wired security products with cameras such as the Spotlight Cam Wired. At the same time, Ring added HDR control to its battery-powered security devices including the Video Doorbell 2.
Mobile

These 13 gadgets walk a fine line between ingenious and insane

The annual avalanche of devices and gadgets is astounding, but how many will succeed? A few are destined to spark new trends, while the majority fade deservedly into obscurity. We look at some gadgets on the border of brilliant and bonkers.
Product Review

From tables to porches, Ring's Stick Up Cam watches wherever you want

Ring’s latest home security camera offers more versatility than ever before, with the ability to mount it, set it on a table, or put it inside or outside. We got a chance to test it out. Here’s how it went.
Smart Home

Check out the largest pools in the world - and how you can get there

From Egypt to Singapore to California, here's a pictorial breakdown of some of the biggest and largest pools in the world. Many of these pools are so big that you can even kayak and windsurf on them.
Smart Home

Consumer groups call out retailers in a bid for better IoT security

Consumer groups posted a "Dear retailer" letter on February 12 that called out Walmart, Best Buy, Amazon, and Target, shaming the companies for selling insecure smart home devices.
Deals

The best Presidents’ Day sales 2019: Amazon, Walmart, Dell, and more

Presidents' Day sales are a great chance to score electronics, clothing, home and office stuff, and other goodies at a discount. We’ve smoked out a large handful of the best of these Presidents' Day deals, from tech to bedding, to help…
Deals

Walmart drops a killer Instant Pot deal for Presidents’ Day weekend

With the Walmart Presidents' Day sale going on right now, you can actually pick up the Instant Pot Lux60 6-quart programmable pressure cooker for just $69 -- $30 off its normal price.
Smart Home

Walmart slashes prices on Google Home during its Presidents’ Day sale

Walmart slashes prices on Google Home during its Presidents' Day sale. Whether you're taking your first step in configuring a smart home or expanding to every room, Walmart has excellent sale prices for all the key components.
Deals

Walmart Presidents’ Day sale: Instant Pot, Google Home, and 4K TV deals

Presidents' Day weekend is one of the best times of the year to find deep discounts on 4K TVs, laptops, Instant Pots, clothes, mattresses, and furniture. And Walmart is offering deals on all of those things and more.
Product Review

Ring Video Doorbell 2 is the simplest entry into a smarter doorway

The Ring Video Doorbell 2 may lack the style and sophistication of premium door-dingers, but few can match its simplicity and versatility. The device, available in both wired and wireless configurations, is easy to set up and adds instant…