Proptech startup Spintly has recently closed an $8 million Series A funding round, with ENRISSION India Capital contributing to the undisclosed amount. The financing was led by Accel and saw additional investment from Chakra Growth Fund, Alumni Ventures, and Spyre VC.
Previously, Spintly had secured Rs 3.5 crore in an extended seed funding round last year, followed by a $5.36 million investment from various sources including Letsventure and Accel Nest.
The newly acquired capital will enable Spintly to advance product development, expand its global footprint, and enhance its AI capabilities. The company’s focus remains on serving enterprise clients in managing access control systems across expansive commercial properties and multi-location facilities.
Founded by Rohin Parkar, Spintly specializes in building a wireless access control system utilizing its proprietary BLE mesh network technology. This platform allows businesses to deploy access control solutions without conventional wiring, reducing installation complexity and time. The system also offers secure access management features and local log storage functionality, ensuring operational continuity during power outages.
Spintly currently operates in regions such as India, the Middle East & Africa, and the United States, integrating wireless hardware infrastructure with software-driven controls. Additionally, the company is actively incorporating AI-driven intelligence into its existing camera infrastructure to enhance security analytics for commercial premises.
Source: Entrackr : Latest Posts