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[Funding alert] Security startup Spintly raises Rs 4.6Cr from Riso Capital, others
Spintly will use the funds to boost sales, marketing, and research activities to enhance its position in the wireless cloud-based access control technology space.
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Software-as-a-Service (SaaS)-based physical security startup
Spintly on Thursday said it raised Rs 4.6 crore in an extended seed funding round led by
Silicon Valley-based Riso Capital, along with
SucSEED Indovation Fund from Hyderabad, Chicago-based
Nikhand Investments LLC, and
Keiretsu Forum Angel Network, a statement said.
Spintly provides SaaS-based physical security solutions that enable frictionless smartphone-based door access, eliminating the need for key cards and elaborate wiring for access control.
April 15, 2021
Rohin Parkar, Co-Founder and CEO, Spintly×
Brigade REAP, the first Proptech accelerator, played a vital role in the growth of the company. Spintly, a SaaS-based physical security and smart buildings start-up has raised ₹4.6 crore in an extended seed round of funding.
The company’s funding was led by Silicon Valley-based Riso Capital, along with SucSEED Indovation Fund from Hyderabad, Chicago based Nikhand Investments LLC, and Keiretsu Forum angel network.
Spintly provides SaaS-based physical security solutions that enable frictionless smartphone-based door access, eliminating the need for key cards and elaborate wiring for access control. It is one of the few start-ups in the country operating in this space.