Spintly Raises ₹35 Crore in Extended Seed Funding to Enhance Smart Building Solutions
Spintly, a leading provider of wireless, cloud-based access control solutions, has secured ₹35 crore (approximately $4.2 million USD) in an extended seed funding round. The investment was led by Spyre VC, with participation from Accel India, Chakra Growth Fund, Alumni Ventures, and Doctor Technology. This infusion of capital aims to accelerate Spintly’s market expansion, bolster its presence in international markets, and enhance its smart building solutions through the integration of artificial intelligence and machine learning technologies.
Founded in 2017 by CEO Rohin Parkar and CTO Malcolm Dsouza, Spintly is revolutionizing the access control industry by eliminating the need for extensive wiring and hardware in buildings. Its wireless, cloud-based system allows users to unlock doors using their smartphones, significantly reducing installation complexity and cost. The platform leverages Bluetooth Low Energy (BLE) mesh network technology and IoT capabilities to provide real-time monitoring, empowering clients such as enterprises, co-working spaces, hospitality providers, and residential communities to manage access seamlessly.
With this latest funding, Spintly plans to expand into new markets, strengthen its senior leadership team, and advance its research and development initiatives. The company aims to integrate artificial intelligence and machine learning into its systems, making buildings smarter and more sustainable.
“This funding is a significant milestone for us as we work toward simplifying building operations and creating a greener future,” said CEO Rohin Parkar. “With Spyre VC’s support and industry connections, we are well-positioned to scale our solutions globally and deliver on our mission to redefine smart building technology.”
Abhimanyu Bisht, Operating Partner at Spyre VC, expressed confidence in Spintly’s vision: “Spintly is at the forefront of transforming real estate with its innovative technology. We are thrilled to support their mission of decarbonizing and modernizing buildings while making access control systems more efficient and user-friendly.”
As the global smart building market continues to grow, Spintly is poised to become a leader in providing cost-effective, cutting-edge solutions that reduce energy consumption and streamline building operations. With its headquarters in California and a growing presence in key markets, Spintly is well-positioned to capitalize on the increasing demand for intelligent building technologies.
