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ButterflyMX
Cyrus Claffey founded ButterflyMX in 2014 to reinvent the apartment intercom; the company now serves 20,000+ properties with a unified property access...
ButterflyMX
ButterflyMX was founded in 2014 by Cyrus Claffey, who teamed up with Mathew Knoff, Kunal Shah, and Ivan Mihalj to create the first smartphone-powered intercom. The product launched in 2015. The company is headquartered in New York City and maintains a European office in Croatia (per the firm's website). The company sells a unified property access platform that integrates video intercoms, access control, security cameras, package room management, smart locks, and elevator controls. It targets multifamily residential, commercial office, student housing, senior living, and gated community properties. Customers include Novel Coworking and Lightning Capital. The platform works with existing property management and building access systems. ButterflyMX operates in North America and Europe, with a focus on the US market. ButterflyMX reports more than 300 employees across four offices, including its New York headquarters and a European hub in Croatia. The company claims its platform is used by 20,000+ properties and has earned over 100,000 five-star mobile app ratings. In March 2024, the firm announced a partnership with smart lock provider Latch to integrate their systems (per the firm's website, March 2024). ButterflyMX is structured as a product company rather than a family office or investment firm. It designs both the hardware and software for its access control systems, giving it control over the full user experience. The firm does not disclose ownership structure or external investors.
General information
Firm type
other
Year founded
2014
AUM
Undisclosed
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, United States
Principals
Cyrus Claffey
Executive Chairman & Founder
Sector focus
Frequently asked questions
Who runs product and engineering at ButterflyMX?
ButterflyMX does not publicly disclose its current CEO or CTO on its team page. The company was founded by Cyrus Claffey, who serves as Executive Chairman. The founding team also includes Mathew Knoff, Kunal Shah, and Ivan Mihalj (per the firm's website).
Does ButterflyMX have a direct sales model or partner channel?
ButterflyMX sells directly to property owners and managers, and also works with property management systems and access control integrators. The platform is designed to integrate with existing building infrastructure. The company offers installation services and a mobile app for residents and staff.
What types of properties does ButterflyMX serve?
ButterflyMX primarily targets multifamily apartment buildings, commercial offices, student housing, senior living communities, and gated residential communities. The company claims 20,000+ properties use its platform (per the firm's website).
How does ButterflyMX's platform generate revenue?
ButterflyMX sells its hardware (intercoms, access control panels, smart locks) and charges ongoing software subscription fees for its unified platform. The company reports a 100,000+ five-star mobile app rating, indicating recurring engagement from residents and staff.
What is ButterflyMX's geographic footprint?
ButterflyMX is headquartered in New York City and has offices in Croatia. The company serves customers across North America and Europe, with the majority of its 20,000+ properties in the United States.
Does ButterflyMX accept outside investment?
ButterflyMX does not disclose its ownership structure or whether it has raised external capital. The company operates as a privately held entity. Its website lists no venture capital partners or investors.
What hardware does ButterflyMX manufacture?
ButterflyMX produces video intercoms, QR code intercoms, access control panels, package room lockers, security cameras, smart locks, vehicle access gates, and elevator control systems. All devices connect via a single cloud-based platform (per the firm's website).
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