View source for Company:ButterflyMX

{{Short description|Property technology company}}
{{Infobox company
|type = Private
|name = ButterflyMX
|logo = ButterflyMX_logo.png
|foundation = 2014
|products         = {{unbulleted list|Intercom systems|Keypads|Package rooms|Elevator controls}}
|location_city = {{wipe|New York City}}
|industry = [[Access control]]
|website = {{URL|https://www.butterflymx.com}}
}}

ButterflyMX is an American property technology company that specializes in smartphone-based [[Access control|access control]]. ButterflyMX’s hardware offerings include [[Engineering:Intercom|video intercom]] systems and keypads that users can manage through a mobile application.

== History ==

ButterflyMX was founded in 2014 in {{wipe|New York City}} by Cyrus Claffey, Matthew Knoff, Kunal Shah, and Ivan Mihalj to address difficulties in traditionally wired intercom usage, installation, and administration.{{cn|date=June 2023}} In 2014, ButterflyMX received the People’s Choice Award from the National Multifamily Housing Council,<ref>{{cite web |title=Meet the Winners from the Second Annual Launch Pad Emerging Technology Competition |url=https://www.nmhc.org/news/articles/meet-the-winners-from-the-second-annual-launch-pad-emerging-technology-competition/ |work=National Multifamily Housing Council}}</ref> and by 2018 ButterflyMX had secured $5.5 million in funding.<ref>{{cite news |title=The AlleyWatch NYC Startup Daily Funding Report: 8/17/18 |url=https://www.alleywatch.com/2018/08/the-alleywatch-nyc-startup-daily-funding-report-8-17-18/ |access-date=13 August 2021 |work=AlleyWatch |date=17 August 2018}}</ref> 

In 2018, ButterflyMX began to expand internationally, appearing in access control markets in Europe and South America.{{cn|date=June 2023}} After this period of growth, ButterflyMX raised an additional $35 million<ref>{{cite web |last1=Wiggers |first1=Kyle |title=ButterflyMX raises $35 million for smart intercom systems |url=https://venturebeat.com/2020/09/29/butterflymx-raises-35-million-for-smart-intercom-systems/ |work=VentureBeat|date=29 September 2020 }}</ref> from investors in September 2020. This group of investors included [[Company:Stifel|Stifel Financial]], Egis Capital, and Zillow co-founder Spencer Rascoff.<ref>{{cite web |last1=Boyle |first1=Alan |title=Zillow CEO Spencer Rascoff talks about his investments in SpaceX and other ventures |url=https://www.geekwire.com/2018/zillow-ceo-spencer-rascoff-spacex/|work=GeekWire |date=8 February 2018 |access-date=12 August 2021}}</ref>

== Leadership ==
ButterflyMX is managed by CEO Aaron Rudenstine and Executive Chairman Cyrus Claffey.<ref>{{cite web |title=BUTTERFLYMX, INC. – fund raising filing |url=https://www.formds.com/issuers/runs-like-butter-inc |website=FormDs}}</ref>

== See also ==
* List of tech companies in the New York metropolitan area

== References ==
{{Reflist|30em}}

== External links ==
*[https://www.whoo.ai/competitors Mobile video intercoms]

[[Category: Security technology]]
[[Category:Companies (Engineering)]]
[[Category:Companies]]

{{Sourceattribution|ButterflyMX}}