About ButterflyMX
ButterflyMX is a company based in New York (United States) founded in 2012 by Cyrus Claffey and Kunal Shah.. ButterflyMX has raised $88.86 million across 5 funding rounds from investors including Stifel, FTV Capital and JMI Management. ButterflyMX has completed 1 acquisition, including CloudKeyz. ButterflyMX offers products and services including Video Intercoms, Access Control System, Security Cameras, Smart Locks, and Package Rooms. ButterflyMX operates in a competitive market with competitors including Alarm.com, Proxyclick, SkyBell, Carson and SwiftConnect, among others.
- Headquarter New York, United States
- Founders Cyrus Claffey, Kunal Shah
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Sectors
Industrial Goods & ManufacturingBusiness Services Energy & Utilities Technology Real Estate & Construction
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Email
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Phone
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Website
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Social
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- Legal Name Butterflymx, Inc.
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Products & Services of ButterflyMX
ButterflyMX offers a comprehensive portfolio of products and services, including Video Intercoms, Access Control System, Security Cameras, Smart Locks, and Package Rooms. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables video-based entry and communication for properties
Manages doors and entry points via software platform
Monitors property areas for enhanced safety
Provides keyless entry for residents and visitors
Facilitates secure package delivery and pickup
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Funding Insights of ButterflyMX
ButterflyMX has successfully raised a total of $88.86M across 5 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Last Round
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First Round
First Round
(24 Jul 2017)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2025 | Amount | Series D - ButterflyMX | Valuation |
investors |
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| Dec, 2021 | Amount | Series D - ButterflyMX | Valuation | JMI Management | |
| Mar, 2020 | Amount | Series B - ButterflyMX | Valuation | Volition Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in ButterflyMX
ButterflyMX has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Stifel, FTV Capital and JMI Management. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private equity investment firm
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Founded Year | Domain | Location | |
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Private equity firm investing in software companies
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Founded Year | Domain | Location | |
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Venture capital investments are directed toward companies in multiple sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by ButterflyMX
ButterflyMX has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include CloudKeyz. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Cloud-based keyless entry solutions for real estate are offered.
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - ButterflyMX
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Butterflymx Comparisons
Competitors of ButterflyMX
ButterflyMX operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Alarm.com, Proxyclick, SkyBell, Carson and SwiftConnect, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Cloud-based video intercoms and physical security systems are provided.
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| domain | founded_year | HQ Location |
Cloud-driven visitor management software is provided for workplaces.
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| domain | founded_year | HQ Location |
Provider of Wifi doorbell with camera and motion sensor
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| domain | founded_year | HQ Location |
Visitor management is facilitated for residential properties.
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| domain | founded_year | HQ Location |
Cloud-based visitor management software is offered for commercial spaces.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Butterflymx
Frequently Asked Questions about ButterflyMX
When was ButterflyMX founded?
ButterflyMX was founded in 2012 and raised its 1st funding round 5 years after it was founded.
Where is ButterflyMX located?
ButterflyMX is headquartered in New York, United States. It is registered at New York, New York, United States.
Is ButterflyMX a funded company?
ButterflyMX is a funded company, having raised a total of $88.86M across 5 funding rounds to date. The company's 1st funding round was a Series B of $35M, raised on Jul 24, 2017.
What does ButterflyMX do?
ButterflyMX was founded in 2012 in New York, United States, as a provider of cloud-based video intercom systems within the property technology sector. Visitor management solutions are offered for residential and commercial properties, incorporating features such as keyless tenant entry, two-way video calling, messaging access, digital timestamps, virtual access management, and installation cost management. Operations focus on enhancing secure entry and communication for building residents and visitors.
Who are the top competitors of ButterflyMX?
ButterflyMX's top competitors include Alarm.com, Proxyclick and SkyBell.
What products or services does ButterflyMX offer?
ButterflyMX offers Video Intercoms, Access Control System, Security Cameras, Smart Locks, and Package Rooms.
How many acquisitions has ButterflyMX made?
ButterflyMX has made 1 acquisition, including CloudKeyz.
Who are ButterflyMX's investors?
ButterflyMX has 6 investors. Key investors include Stifel, FTV Capital, JMI Management, Volition Capital, and Egis Capital Partners.