Goa-based IoT and physical security startup Spintly has raised $8 million in a Series A round led by Accel, with participation from Enrission India Capital, SucSEED Ventures, Alumni Ventures and Chakra Growth Fund. The fresh capital underscores investor confidence in India’s growing smart building and proptech sector.
Company overview and technology
Founded in 2018, Spintly develops wireless, cloud-first access control and workforce management systems designed to replace legacy wired infrastructure in commercial buildings. Its platform uses smartphone-based credentials and Bluetooth Low Energy (BLE) mesh networking to enable secure, keyless entry, attendance tracking and remote administration.
The wireless architecture reduces installation time and capital expenditure, making the solution attractive to corporate offices, co-working spaces, tech parks and large enterprises that prioritise scalable, low-maintenance security systems.
Growth and market expansion
Spintly will deploy the Series A proceeds to accelerate expansion across India and to deepen its presence in international markets, including the Middle East, Africa and the United States. Demand for integrated building management—combining access control, analytics and automation—has risen as companies focus on security, operational efficiency and remote management capabilities.
Domestically, the company aims to capitalise on the rise of flexible workspaces and rapid commercial real estate growth, positioning its platform as a turnkey option for developers and facility managers seeking cloud-native security and workforce solutions.
Use of funds and product roadmap
Most of the funding will be allocated to sales and marketing to build distribution channels, forge strategic partnerships and scale customer acquisition in target geographies. A material share will also be invested in research and development to integrate advanced analytics and AI-driven features for predictive security monitoring and operational intelligence.
Spintly plans to expand its engineering and product teams to support large-scale enterprise deployments, improve system reliability, and accelerate time-to-market for new capabilities that enable smarter, adaptive building operations.
Sector significance and context
Spintly’s Series A round reflects broader investor interest in India’s IoT and proptech ecosystem, where startups are developing enterprise-grade infrastructure for the global smart building market. The trend toward hybrid work models and digitised facilities management is creating demand for solutions that are easy to deploy, centrally managed and interoperable with building management systems.
By focusing on fully wireless access and cloud management, Spintly aims to compete in the international market for intelligent commercial security, demonstrating how Indian startups can scale technology solutions for global enterprise customers.
