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ButterflyMX

From Wikipedia, the free encyclopedia
ButterflyMX
Company typePrivate
IndustryAccess control
Founded2014
Headquarters
Products
  • Intercom systems
  • Keypads
  • Package rooms
  • Elevator controls
Websitewww.butterflymx.com

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

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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

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ButterflyMX is managed by CEO Aaron Rudenstine and Executive Chairman Cyrus Claffey.[5]

See also

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References

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  1. ^ "Meet the Winners from the Second Annual Launch Pad Emerging Technology Competition". National Multifamily Housing Council.
  2. ^ "The AlleyWatch NYC Startup Daily Funding Report: 8/17/18". AlleyWatch. 17 August 2018. Retrieved 13 August 2021.
  3. ^ Wiggers, Kyle (29 September 2020). "ButterflyMX raises $35 million for smart intercom systems". VentureBeat.
  4. ^ Boyle, Alan (8 February 2018). "Zillow CEO Spencer Rascoff talks about his investments in SpaceX and other ventures". GeekWire. Retrieved 12 August 2021.
  5. ^ "BUTTERFLYMX, INC. – fund raising filing". FormDs.
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