By Josh Beckerman

Level Home Inc. has raised $71 million of funding from backers including Walmart Inc. (WMT) and Lennar Homes, and introduced a lock that "transforms any standard deadbolt into a modern day smart lock in just minutes."

The Level Lock will be available to the general public in January.

Level Home, based in Redwood City, Calif., said the lock "is designed to fit seamlessly inside your deadbolt, so you can preserve the existing look of your home." The company said Apple Inc.'s (AAPL) HomeKit can be used to operate the lock with Siri, add automated tasks and get entry and exit notifications.

The financing also included Hut 8 Ventures.

Level Home is collaborating with Walmart on the InHome Delivery service that launched Tuesday in three cities.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

October 15, 2019 15:15 ET (19:15 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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