Goa-Based Spintly Raises USD 8 Mn in Series A Round Led by Accel

Spintly, an IoT-driven physical security and smart building solutions startup headquartered in Goa, has raised USD 8 million in a Series A funding round led by Accel. The round also saw participation from Enrission India Capital, SucSEED Ventures, Alumni Ventures and Chakra Growth Fund.

The funding will be used to expand adoption of Spintly’s wireless, cloud-based access control and attendance systems across enterprise and commercial real estate markets.

According to the company, 60% of the capital will support growth initiatives including sales and marketing expansion across India, the Middle East and Africa (MEA) and the United States. Another 20% will be allocated to research and development for AI-driven smart building capabilities, while the remaining 20% will strengthen operations and infrastructure.

Founded in 2020 by Rohin Parkar and Malcolm D’Souza, Spintly develops cloud-managed access control and smart building solutions that integrate IoT and edge AI technologies. Its platform enables secure, keyless entry, attendance tracking and visitor management through a smartphone-based system, eliminating the need for traditional wired access control infrastructure.

The startup’s patented wireless mesh architecture protected by seven patents enables secure connectivity and mobile credential access using Bluetooth Low energy (BLE) mesh networking. The technology replaces complex wired systems, reducing installation time, deployment costs and operational complexity while enabling remote management through cloud-based tools.

Spintly’s product range includes Bluetooth and NFC-enabled access readers, QR-code scanners and biometric devices such as facial recognition and fingerprint systems. Its software suite offers cloud-based modules for access management, attendance tracking, visitor management and video surveillance with AI-driven analytics.

India remains the company’s largest market with more than 500 customers. Spintly also serves nearly 100 customers in the United States and has recently entered the Middle East market, where it currently supports 10 to 15 clients. Its solutions are used in corporate offices, tech parks, co-working spaces and multi-site enterprises.

The company designs its hardware in-house and manufactures through contract partners in Gujarat and Tamil Nadu, following a vertically integrated business model combining hardware sales with recurring software subscriptions.