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| Company type | Private |
|---|---|
| Industry | Access control |
| Founded | 2014 |
| Headquarters | |
| Products |
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| 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.
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]
ButterflyMX is managed by CEO Aaron Rudenstine and Executive Chairman Cyrus Claffey.[5]
