Armed with $2.5 million, myGate redefines security at gated premises       

 

Security in our homes is of utmost concern for all of us. As home delivery has become a way of life and app-based cabs our preferred mode of transport, the infiltration of outsiders within our gated communities is increasing by the day. This is a serious threat to our security if left unattended.

The good news is, if you are among those living in an apartment of a gated community, you can perhaps take a sigh of relief and have a peaceful sleep tonight. myGate, a mobile-based security management solution for gated premises, is serious about addressing this gap in security with its mobile-app-based solution that promises to address this issue by digitising and often automating manual tasks.

The solution comprises of an Android app for security guards and an Android or iOS app for residents, with a fallback to a regular voice call for non-smartphone users. With this system, all visitor entries and exits are logged digitally, with complete visibility and control of the resident. myGate offers several advanced capabilities such as e-intercom (automatic visitor authentication), kids safety alerts, staff attendance, infrastructure-free vehicle management, touchless resident identification, clubhouse access management, management reporting, and visitor overstay alerts.

Today myGate has announced the raising of Rs 16 crore (about $2.5 million) in its first round of funding, led by Prime Venture Partners. Since its launch in Bengaluru in 2016, myGate has validated 24 million visits through their mobile app across 100,000 homes. The company will use the funds to invest in technology and scale to 2 million homes across the top 7 cities within the next two years. As a testament to its popularity among gated communities, 5,000 guards are already using myGate in Bengaluru.

The security services market in India is a $6-billion industry according to a Grant Thornton report, of which the gated-premise security market, comprising of manual guards and security equipment, is estimated at $2 billion. In the top 7 cities in India, myGate estimates reveal that there are more than 100,000 gated communities with 35 million residents. The company is focussed on tapping into this unaddressed market and redefining security at the gates.

“Security for gated-premises is a multi-billion market that is fundamentally underserved by often obsolete legacy providers and solutions,” said Vijay Arisetty, CEO & co-founder, myGate.

Security at gated communities has long followed the conventional system of “man-guarding” with paper and pen. The process is inefficient and error prone, making the life of security guards difficult. In addition, authentication of residents, visitors, and support staff is a huge challenge. Despite significant investments in physical infrastructure like access cards, boom barriers, biometrics, landline intercom, and others, residential premises are unable to keep track of domestic helps, visitors, delivery trucks, taxis, and other vehicle movements. In addition, authentication of residents, visitors, and support staff is a huge challenge.

To ensure there is no downtime due to poor internet connectivity, the smart phone device comes packaged with an internet-enabled sim card. The privacy of the residents is also taken care of by the solution as the data is masked in the security guard’s device.

myGate’s two-day onboarding process combined with a pay-as-you-go (SaaS) commercial model has enabled it to be rapidly deployed at several hundred gated communities within one year of its launch. Some of the builders/properties which have already deployed myGate include Sobha, Prestige (St. John’s Woods), Purvankara (Purva Riviera), Rohan, Lodha, Salarpuria, Mantri, Adarsh (Adarsh Palm Retreat), Mantri (Tranquil), etc.

While the myGate’s primary focus is on residential communities, the technology and the solution are already being piloted at other gated premises, notably office buildings, schools and factories.

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Ayushman Baruah
Ayushman Baruah is the founder & Editor-in-Chief of The Startup Observer. With 10+ years of rich experience in journalism spanning across newspaper, magazine, and news wire, Ayushman takes a conscious effort to stay away from the rat's race and the noise of breaking news. The Startup Observer is a noble initiative to serve the readers with ideas that go beyond news. In 2013, Ayushman won the prestigious 15th Annual PoleStar Award in jury's category for excellence in technology journalism. He loves writing, public speaking, observing, travelling, aquariums, and anything that makes him think. He believes in keeping his feet on the ground but eyes on the stars.

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