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Parakey AB, based in Gothenburg, makes a cloud-based access control system that uses smartphones as keys.
Founded in 2014 in Gothenburg, Sweden, Parakey AB sells a cloud-based access control system with mobile keys that open doors from smartphones. The system uses Bluetooth and works without an internet connection, serving property managers and organizations mainly in Scandinavia. In 2024 it reported revenue of SEK 2,140,855.10 and EBITDA of SEK -122,310.10. The company raised SEK 9 million in December 2018 from Chalmers Ventures and individual investors.
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