IoT Security Startup Spintly Raises $8 Mn Led by Accel to Scale AI-Powered Smart Building Solutions

IoT-based security startup Spintly has raised $8 million in a funding round led by Accel. The round also saw participation from ENRISSION INDIA CAPITAL INC., SucSEED Ventures, Alumni Ventures, and Chakra Growth Capital.

The fresh capital will be primarily deployed to accelerate sales, business development, and marketing efforts across India, the Middle East, and the United States, while also strengthening research and development focused on AI-powered smart building technologies. The funding marks a key milestone in Spintly’s journey to become a global player in the rapidly evolving physical security and smart infrastructure market.

Spintly builds cloud-native, IoT-based access control and building security solutions designed for modern commercial and residential spaces. By eliminating the need for traditional on-premise hardware and wiring, the platform enables faster deployment, lower maintenance costs, and centralized control across multiple locations. Its solutions are increasingly being adopted by enterprises, coworking spaces, residential complexes, and educational institutions.

With the global shift toward smarter, more connected buildings, demand for intelligent security systems has risen sharply. Spintly is addressing this need by integrating AI-driven intelligence into its product stack—enabling real-time monitoring, predictive insights, and improved access management. The company’s focus on software-first, scalable infrastructure positions it well to serve both emerging markets and mature geographies.

A significant portion of the new funding will be allocated to expanding Spintly’s go-to-market teams and partner ecosystem, enabling the company to deepen its footprint in existing markets while entering new enterprise accounts. The startup also plans to enhance its AI and analytics capabilities, laying the foundation for next-generation smart building use cases beyond access control.

Accel highlighted Spintly’s strong product-market fit and global ambition, noting that physical security is undergoing a major transformation driven by cloud adoption and AI. The firm views Spintly as well-positioned to lead this transition with a differentiated and scalable platform.

As hybrid work, shared spaces, and digital infrastructure continue to reshape how buildings are designed and operated, Spintly aims to play a central role in defining the future of secure, intelligent environments. With fresh capital and a clear international expansion strategy, the company is scaling toward its vision of making smart, connected, and secure buildings the global standard.