 | |
| Company type | Private |
|---|---|
| Industry | Access control |
| Founded | 2014 |
| Headquarters | |
| Products |
|
| Website | www |
ButterflyMX is an American property technology company that specializes in smartphone-based access control. ButterflyMX’s hardware offerings include video intercom systems and keypads that users can manage through a mobile application.
History[edit]
ButterflyMX was founded in 2014 in New York City by Cyrus Claffey, Matthew Knoff, Kunal Shah, and Ivan Mihalj to address difficulties in traditionally wired intercom usage, installation, and administration.[citation needed] In 2014, ButterflyMX received the People’s Choice Award from the National Multifamily Housing Council,[1] and by 2018 ButterflyMX had secured $5.5 million in funding.[2]
In 2018, ButterflyMX began to expand internationally, appearing in access control markets in Europe and South America.[citation needed] After this period of growth, ButterflyMX raised an additional $35 million[3] from investors in September 2020. This group of investors included Stifel Financial, Egis Capital, and Zillow co-founder Spencer Rascoff.[4]
Leadership[edit]
ButterflyMX is managed by CEO Aaron Rudenstine and Executive Chairman Cyrus Claffey.[5]
See also[edit]
References[edit]
- ^ "Meet the Winners from the Second Annual Launch Pad Emerging Technology Competition". National Multifamily Housing Council.
- ^ "The AlleyWatch NYC Startup Daily Funding Report: 8/17/18". AlleyWatch. 17 August 2018. Retrieved 13 August 2021.
- ^ Wiggers, Kyle (29 September 2020). "ButterflyMX raises $35 million for smart intercom systems". VentureBeat.
- ^ Boyle, Alan (8 February 2018). "Zillow CEO Spencer Rascoff talks about his investments in SpaceX and other ventures". GeekWire. Retrieved 12 August 2021.
- ^ "BUTTERFLYMX, INC. – fund raising filing". FormDs.