Spintly Secures $8M Series A Led by Accel to Drive Wireless Smart Building Revolution
What is the news?
Spintly, the Goa-headquartered IoT and physical security startup, has announced the successful closure of an $8 million Series A funding round. Led by global venture capital firm Accel, the round saw strong participation from a syndicate of investors including Enrission India Capital and SucSEED Ventures. Founded in 2020 by Rohin Parkar (CEO) and Malcolm D’Souza (CTO) , two seasoned engineers with deep roots in Silicon Valley and high-level experience at tech giants like Broadcom and Nokia, Spintly is redefining how modern enterprises manage physical access and security.
Why is it interesting?
The company’s core innovation lies in its patented wireless mesh architecture, which allows buildings to transition to cloud-based, smartphone-centric access control without the need for expensive and cumbersome wiring. This “rip and replace” alternative is not only retrofittable but can reduce project costs by as much as 80%. With over 500 customers in India and a burgeoning presence of nearly 100 clients in the United States, Spintly is proving that high-tech hardware and deeptech solutions can be effectively built and exported from India.
The fresh infusion of capital is earmarked for aggressive global expansion, particularly across the US and Middle East markets. Furthermore, approximately 20% of the funds will be dedicated to R&D, specifically to integrate edge-AI capabilities into their smart building ecosystem. By decoupling security infrastructure from construction cycles, Spintly is positioning itself as a leader in the global shift toward digitally connected, frictionless workspaces.
Read more: IOT-based security startup Spintly raises $8 million from Accel, Enrission India, others