ButterflyMX

Short description: Property technology company

ButterflyMX

Type| Private
Industry| Access control
Founded| 2014
Headquarters|

New York City

Products|

* Intercom systems
* Keypads
* Package rooms
* Elevator controls

Website| www.butterflymx.com

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.

## Contents

* 1 History
* 2 Leadership
* 3 See also
* 4 References
* 5 External links

## 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.[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]

## Leadership

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

## See also

* List of tech companies in the New York metropolitan area

## References

1. ↑ "Meet the Winners from the Second Annual Launch Pad Emerging Technology Competition". National Multifamily Housing Council. https://www.nmhc.org/news/articles/meet-the-winners-from-the-second-annual-launch-pad-emerging-technology-competition/.
2. ↑ "The AlleyWatch NYC Startup Daily Funding Report: 8/17/18". AlleyWatch. 17 August 2018. https://www.alleywatch.com/2018/08/the-alleywatch-nyc-startup-daily-funding-report-8-17-18/.
3. ↑ Wiggers, Kyle (29 September 2020). "ButterflyMX raises $35 million for smart intercom systems". VentureBeat. https://venturebeat.com/2020/09/29/butterflymx-raises-35-million-for-smart-intercom-systems/.
4. ↑ Boyle, Alan (8 February 2018). "Zillow CEO Spencer Rascoff talks about his investments in SpaceX and other ventures". GeekWire. https://www.geekwire.com/2018/zillow-ceo-spencer-rascoff-spacex/.
5. ↑ "BUTTERFLYMX, INC. – fund raising filing". https://www.formds.com/issuers/runs-like-butter-inc.

## External links

* Mobile video intercoms

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