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The global proptech landscape witnessed a significant milestone as Spintly, a Goa based IoT driven smart building startup, successfully closed an $8 million funding round. The investment was led by prominent venture capital firm Accel, with additional participation from Enrission India Capital, SucSEED Ventures, Alumni Ventures, and Chakra Growth Fund. This development underscores the growing investor confidence in intelligent building infrastructure and next generation access control technologies.
A Vision Rooted in Simplicity and Innovation
Established in 2020 by Rohin Parkar and Malcolm D’Souza, Spintly was conceived with a singular ambition to eliminate the complexities associated with conventional wired access control systems. Traditional building security infrastructure has long been plagued by high installation costs, rigid hardware dependencies, and limited scalability. Spintly addresses these pain points by offering a wireless, mobile first platform that integrates seamlessly with existing systems, enabling enterprises to modernise their infrastructure without the burden of complete overhauls.
The company’s proprietary wireless mesh technology is particularly noteworthy. By significantly reducing dependence on physical cabling, Spintly enables installations that are faster, more flexible, and considerably more cost efficient with reported savings of up to 80 percent compared to legacy systems. This backward compatible approach has resonated strongly with clients managing ageing infrastructure across large office complexes, technology parks, and co working environments.
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Expanding Horizons Across Key Markets
With over 500 clients in India, approximately 100 in the United States, and a growing foothold of 10 to 15 accounts in the Middle East, Spintly has demonstrated meaningful commercial traction across diverse geographies. The newly secured capital is earmarked for deepening market penetration in these regions while simultaneously advancing research and development initiatives centred on artificial intelligence powered smart building analytics.
Spintly’s product suite spans Bluetooth and NFC enabled access readers, biometric authentication devices including facial recognition and fingerprint scanners, and cloud based management tools covering visitor oversight, attendance monitoring, and AI driven video surveillance.
What This Means for the Industry
As enterprises increasingly demand intelligent, scalable, and cost effective building management solutions, Spintly’s growth trajectory reflects a broader industry shift toward digitally connected infrastructure. The backing of established investors such as Accel signals that the proptech sector is maturing rapidly, with smart access control emerging as a foundational layer of modern workplace ecosystems.
Spintly’s journey from a Goa based startup to a globally expanding proptech contender is a compelling testament to the transformative power of purposeful innovation.
