ButterflyMX

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.

ButterflyMX
TypePrivate
IndustryAccess control
Founded2014
Headquarters
New York City
Products
  • Intercom systems
  • Keypads
  • Package rooms
  • Elevator controls
Websitewww.butterflymx.com

History

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. 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. 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

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

See also

References
  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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