IoT-based security startup Spintly has raised $8 million in a new funding round led by Accel.
Other investors in the round include Enrission India Capital, SucSEED Ventures, Alumni Ventures, and Chakra Growth Fund.
The company will use the new funding to expand its sales, business development, and marketing efforts in India, the Middle East, and the US. It will also invest in research and development to build AI-powered smart building technologies.
“Our system is retrofittable and backward compatible,” cofounder Parkar said. “Many buildings have access control systems that are 10 to 15 years old. Customers don’t need to rip and replace them. We can go on top of existing systems and allow a gradual transition.”
“Access control has long scaled with buildings; more doors meant more wiring, hardware and friction. That model no longer works as enterprises expand across distributed, digitally connected spaces,” said Barath Shankar Subramanian, partner, Accel.
Founded in 2020 by Rohin Parkar and Malcolm D’Souza, Goa-based Spintly makes wireless access control and smart building solutions that replace traditional wired systems with mobile-first, smartphone-based platforms.
Spintly works with large offices, tech parks, co-working spaces, and big companies. India is its largest market, and it is also growing in the Middle East and the US.
Its hardware products include Bluetooth and NFC access readers, QR-code scanners, and biometric devices such as facial recognition and fingerprint scanners.
On the software side, Spintly provides cloud-based tools for managing access, tracking attendance, handling visitors, and monitoring video surveillance with AI-based analytics.
Spintly’s patented wireless mesh system allows access control systems to be installed without heavy wiring. This reduces installation time, labor, and overall costs. The company says it can cut project costs by up to 80% compared to traditional systems.
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