[Funding alert] Security startup Spintly raises Rs 4.6Cr from Riso Capital, others Spintly will use the funds to boost sales, marketing, and research activities to enhance its position in the wireless cloud-based access control technology space. 0 claps Software-as-a-Service (SaaS)-based physical security startup Spintly on Thursday said it raised Rs 4.6 crore in an extended seed funding round led by Silicon Valley-based Riso Capital, along with SucSEED Indovation Fund from Hyderabad, Chicago-based Nikhand Investments LLC, and Keiretsu Forum Angel Network, a statement said. Spintly provides SaaS-based physical security solutions that enable frictionless smartphone-based door access, eliminating the need for key cards and elaborate wiring for access control.