Spintly, the proptech startup known for its innovative smart building solutions, has successfully raised Rs 3.5 crore in an extended seed funding round. This latest round, led by Spyre VC, saw participation from other prominent investors, including Accel India, Chakra Growth Fund, Alumni Ventures, and Doctor Technology.
Funding to Accelerate Market Reach and Expansion
The funds raised in this extended round will play a pivotal role in Spintly’s plans to expand its footprint both in India and internationally. The company aims to accelerate its market reach, strengthen its senior management functions, and extend its smart building solutions to new regions.
A key focus will be enhancing its products by incorporating AI and machine learning technologies. These innovations are designed to improve the efficiency and scalability of Spintly’s wireless, cloud-based access control solutions, positioning the company as a leader in the proptech space.
Growing from Strength to Strength: Past Funding and Vision
This is not the first time Spintly has attracted significant investment. In its earlier rounds, the startup secured $5.36 million from investors like Letsventure, Riso Capital, Sucseed Indovation, and Accel Nest. The company’s consistent ability to raise capital reflects strong investor confidence in its business model and long-term potential.
Co-founded in 2017 by Rohin Parkar and Malcolm Dsouza, Spintly has established itself as a technology-driven player in the smart building industry. The company’s approach leverages the power of IoT, Edge AI, and smartphone-based technology to provide seamless and efficient user experiences in building operations.
A Vision for Smarter Buildings and Innovation
Spintly’s solutions focus on eliminating outdated legacy systems in favor of smarter, more intuitive technologies. With the rise of smart cities and increasing demand for energy-efficient, secure, and connected building solutions, Spintly is positioning itself to meet the growing needs of property owners and managers.
Through its integration of cutting-edge technologies, Spintly’s wireless access control systems empower businesses and property owners to manage their spaces with ease. From improving building security to offering greater control over energy usage, Spintly’s solutions are designed to offer both simplicity and scalability, key factors for success in the rapidly expanding proptech market.
As Spintly continues to innovate and grow, its latest funding will allow the company to enhance its offerings, bringing smart building systems to the forefront of the real estate industry.
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