By will-buy
Contact-free property management tech startup ButterflyMX has raised $50 million in a growth equity funding round led by JMI Equity. ButterflyMX offers touch-free smart intercom systems that connect building, elevator, locker, along with other entry controls to voice and smartphone controls, a rise industry especially in the wake of COVID-19 health consciousness.
Vocal Property Control
ButterflyMX started out selling video intercom systems that eschew integrated wiring into a building. The ability cord, door strike, and internet are all they require. Managers and residents setup accounts and can make use of a unified mobile app to interact with individuals at the door, allowing them to in. Residents can connect a voice assistant towards the app and employ vocal commands to open the doorway to the building, the mailroom, or anywhere else the property manager connects to the app. The voice commands can also be used to buzz tourists in, or even the owners can send visitors or regular service providers a QR code or PIN to go into instead. The recording intercoms log each entry by time having a photo stored in the cloud for any year to ensure they are able to spot any unauthorized entries.
“Since we first introduced the smart video intercom to the world in 2023, we’ve been installed in more than 6,500 buildings and have opened over 100 million doors,” ButterflyMX CEO Aaron Rudenstine said. “Our customers love using our video intercom for property access so much that they asked us to extend that access experience beyond their front doors. This new round of funding allows us to finally supply the real estate industry using the only unified property access solution designed to simplify access into and throughout a whole building.”
Talk Without Touch
ButterflyMX raised $35 million this past year during the height of the pandemic. Finding ways to engage with the world with minimal touching of surfaces saw an increase in popularity that isn't subsiding. Picovoice’s elevator control by voice debuted this past year for similar reasons and it’s not by yourself in seeing the need for this kind of tech. Even Cerence, most widely known like a voice AI provider for cars, can also be developing voice controls for elevators after deciding they fit under its remit of working on ‘moving vehicles.’ The hospitality market is another arena where an app or voice control can handle entry and other access needs, with a rush to install tech developed by Amazon, Google, and also the now-acquired Volara in hotels around the globe.
