LockStaterevenue & funding
IoT Device Management PlatformsDenver, ColoradoFounded 2004CEO Nolan Mondrow
LockState is an IoT Device Management Platforms company based in Denver, founded in 2004.
LockState revenue
LockState has not published its revenue. LeadIQ puts it at about $15M a year (November 2024).
All 4 revenue readings, with sources
| As of | Revenue | Source |
|---|---|---|
| Apr 2021 | $4.8M | – |
| Dec 2023 | $7.2MEST. | GetLatka estimate |
| Oct 2024 | $11.6MEST. | GetLatka estimate |
| Nov 2024 | $15MEST. | LeadIQ estimate |
– source not recorded
LockState funding rounds & investors
LockState has raised $25.3M across four rounds since 2008. The latest was a $17.8M Series B in January 2022.
| Date | Round | Raised |
|---|---|---|
| Jan 2022 | Series B | $17.8M |
| May 2018 | Series A | $5.8M |
| Nov 2015 | Seed | $1M |
| Apr 2008 | Seed | $740K |
| Total raised | $25.3M |
LockState CEO, founders & employees
Nolan Mondrow founded LockState in 2004 and runs it as CEO. LockState had 76 employees (December 2024, LinkedIn), down from 87 a year earlier.
- Nolan MondrowFounder & CEO
All 7 headcount readings, with sources
| As of | Employees | Source |
|---|---|---|
| Dec 2024 | 76 | |
| Oct 2024 | 87 | |
| Dec 2023 | 87 | |
| Dec 2022 | 81 | |
| Jan 2022 | 68 | – |
| Dec 2021 | 69 | |
| Apr 2021 | 57 | – |
LockState FAQ
What is LockState's revenue?
LeadIQ estimates LockState's revenue at about $15M a year (November 2024). The company hasn't published its own figure.
How much funding has LockState raised?
LockState has raised $25.3M across four funding rounds. The latest was a $17.8M Series B in January 2022.
How many employees does LockState have?
LockState had 76 employees in December 2024, according to LinkedIn.
Who is the CEO of LockState?
Nolan Mondrow is the CEO of LockState and founded the company in 2004.
Who founded LockState?
Nolan Mondrow founded LockState in 2004.
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How this page is sourced
5 from public sources · 3 estimates. Founder figures link to the second they were said; public figures name their source; estimates are marked EST. and say whose they are. Not financial advice.
Updated Sep 30, 2026Data disclaimerReport a correctionClaim this profileRun LockState? Join the podcast