An expanded seed investment round led by Spyre VC secured Rs 3.5 crore for the proptech startup Spintly, with Accel India, Chakra Growth Fund, Alumni Ventures, and Doctor Technology also participating.
According to a press statement from Spintly, the money raised will be used to broaden the breadth of its smart building solutions by utilizing AI and machine learning, boost its presence in other nations, improve senior management capabilities, and speed up its market reach.
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Letsventure, Riso Capital, Sucseed Indovation, and Accel Nest have previously contributed $5.36 million to the company’s fundraising efforts.
Focusing on innovation, scalability, and simplicity, it uses smartphone-based technology, Edge AI, and IoT to create smooth and effective user experiences, doing away with the need for old systems.
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About Spintly
Founded in 2018 by Rohin Parkar and Malcolm Dsouza, Spintly is a pioneer in BLE-Mesh technology for access control and the 1st one in the world to develop a fully wireless access control platform.