Commercial and multifamily building access platform ButterflyMX announced Tuesday it has secured a “significant growth equity investment” from FTV Capital. It plans to use the funding to expand into new markets, accelerate product offerings and “solidify its position” in the property access control and security solutions market. Its products allow facility managers to manage access remotely and automate building operations, it said.
The physical security and access control market has seen “massive growth driven by technological advancements, evolving resident expectations and a growing need for safety,” ButterflyMX said in a release.
Access control and video surveillance are the top priorities in 2025 for those who buy, manage and use physical security technology, according to an industry survey security technology provider Genetec released in December.
The FTV Capital investment comes a week after Siemens announced it has integrated Legic Connect, which provides Apple Wallet integrated mobile access, into its Building X Security Manager application. The feature will allow users to securely use their Apple devices to enter buildings. The feature is a collaboration with Swiss-based credential and access security solutions firm Legic.
Other major facilities management technology vendors have also advanced their access control and physical security operations in the past year. In June 2024, Honeywell completed its nearly $5 billion acquisition of Carrier’s Global Access Solutions business, while Schneider Electric added IPConfigure’s Orchid video management system to its EcoStruxure Building platform.
Of the companies using physical security technology that Genetec surveyed, the largest proportion, 41%, said access control is their highest priority in 2025, while the second-largest, 31%, said it was video surveillance. Access control investments the respondents said they plan for this year include visitor management, biometrics, identity management, intelligent locks and keys and mobile credentials.
Security system consultants, installers and manufacturers who responded to the survey said users’ top video surveillance concerns include replacing and updating legacy cameras and video management systems to achieve higher-quality images, a more streamlined interface and “intelligent features in video analytics powered by deep learning,” the report states.
Physical security operations budgets held steady or increased for 44% of respondents, a smaller proportion than in 2023 and 2022, the report states.
