https://www.theregister.co.uk/2018/01/02/otto_door_lock/

You won't have a $700 smart lock to kick around any more, as Otto (no, not that one) shut down and sacked its staff just before Christmas – without ever delivering a product.

Otto, whose sole gizmo was to be an internet-connected finger-scanning front-door lock, said it ran out of money, and will not be able to ship its gear to customers just four weeks before it had planned to do so.