Malcolm D’Souza and Rohin Parkar, founders, SpintlySpintly, a Goa-headquartered IoT and physical security startup, has raised $8 million in a funding round led by Accel, as it looks to expand adoption of its wireless, cloud-based and attendance systems for modern buildings across enterprise and commercial real estate markets.
The round also saw participation from Enrission India Capital, SucSEED Ventures, Alumni Ventures and Chakra Growth Fund.
Founded in 2020 by Rohin Parkar and Malcolm D’Souza, Spintly develops wireless access control and smart building solutions that replace traditional wired systems with smartphone-based, mobile-first platforms.
The company currently serves large corporate offices, tech parks, co-working spaces and enterprises, with India as its largest market, and a growing footprint in the Middle East and the US, it said in a statement.
Its product portfolio includes Bluetooth and NFC-enabled access readers, QR-code readers and biometric devices such as facial recognition and fingerprint-based systems. On the software side, Spintly offers cloud-based modules for access management, attendance tracking, visitor management and video surveillance, including AI-driven analytics.
Spintly’s patented wireless mesh architecture allows access control systems to be deployed without extensive wiring, reducing installation time, labour and costs. According to the company, this can lower overall project costs by up to 80 per cent compared with conventional systems.
“Our system is retrofittable and backward compatible,” Parkar told ET. “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.”
Parkar has over two decades of experience in building and scaling technology products across Motorola, Nokia and Broadcom.
The CEO added that the company sees a long-term opportunity for Indian deeptech firms to challenge global incumbents. “This space has been dominated by US and European players,” he said. “Over the next decade, India will supply many of these high-tech solutions to the world, and the US is a key focus market for us.”
The startup follows a vertically integrated model, designing its hardware in-house and manufacturing through contract partners in Gujarat and Tamil Nadu.
India remains Spintly’s largest market, with over 500 customers. The company has close to 100 customers in the US, while the Middle East, which it entered recently, accounts for 10 to 15 customers.
The fresh capital will be used largely to scale sales, business development and marketing across India, the Middle East and the US, while also funding R&D for AI-led smart building capabilities.
“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.
He added that Spintly changes this by decoupling access infrastructure from construction cycles.
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