Spintly Inc. Raises $2 Million for Smart Building Solutions

Spintly Inc., a cloud-based smart building solutions startup, has secured a seed round of $2 million from investors including Accel, Doctor Technology, and Chakra Growth Fund. Founded in 2018 by Rohin Parkar and Malcolm Dsouza, Spintly aims to use this capital to accelerate its growth in the US market, focusing on sales, marketing, and partnerships. The company's innovative distributed IoT architecture and edge computing technology enable smartphone-door access, eliminating the need for heavy back-end infrastructure. With a user base of 250,000 and annual recurring revenue growing 300% year-on-year in 2023, Spintly is poised to revolutionize the smart building ecosystem. This funding round follows a successful raise of $1.4 million in 2022 and comes on the heels of being part of Accel's accelerator program, Atoms 3.0. Spintly's adaptive, scalable, and decentralized access control solutions have garnered praise from investors and customers alike, positioning the startup for continued success in the rapidly evolving smart building industry.