POSTED ON October 15, 2018

myGate raises INR 65 crore in Series A to fuel rapid growth & expansion across 10 cities

Bengaluru, 15 October 2018 myGate, a mobile-based security management solution for gated premises has been adopted by more than 250,000 homes across 1000+ communities in Bangalore, Hyderabad & Pune. Achieving this milestone in the first 18 months from commercial launch, myGate is now on a rapid expansion mode in ten cities including Chennai, Mumbai and Delhi NCR and is targeting 10x growth in 2019.  To fuel this expansion, myGate has raised Series A funds of INR 65 crore, led by existing investor Prime Venture Partners. Gated communities with essential amenities have become the preferred choice among residents. The presumed security and safety offered by these communities is a major reason why many prefer to move into gated premises. However, the current security process relies on conventional “man-guarding”, primitive pen & paper, and landline telephone to log external footfall. Hardware still forms a major part of the traditional security system in the form of access cards, biometrics, car stickers and so on. These solutions are capital intensive, work in isolation and the benefits tend to wane over time. Most residential premises grapple with an ever increasing external vehicle and people footfall – be it staff, services, cabs & delivery executives. Hence, there is a dire need for communities to make way for smart and intelligent solutions that address modern gate management challenges. myGate is a mobile-app-based system that offers a simple yet comprehensive solution for gated communities to manage operations at the entry and exit gates. It has automated and digitised the tasks at the gate for security; the system is interactive, user friendly and provides residents with more transparency and control. For communities where myGate is in play, they do not have to invest in any other isolated systems like RFID cards, fingerprint biometrics, access cards, vehicle stickers, etc. With myGate, gated communities have the option to optimise on security guards and make them more effective, since most of the manual process at the gate are digitized. Requiring only basic skills for operation, more than 25,000 guards are already well-versed with the myGate security solution and are using it. The company takes the complete responsibility of training the guards any time and any number of times as needed through the life of the contract. myGate is available at zero hardware/infrastructure cost. Few product features of myGate include: child  safety alert, e-intercom for visitor authentication, parcel management, real time domestic help management, complete staff attendance management, multi-home management, digital validation of all staff and residents, & multi-tiered access system. Commenting on this development, Vijay Arisetty, co-founder & CEO, myGate said “We are humbled by the massive adoption of myGate’s solution across top metros. Customers are delighted and we are now excited to take this across India. Technology is pervasive and it was only a matter of time for the security at gated communities to be transformed using smart & intelligent solutions. We believe in innovation, quality service and trust and will use the funds to invest in technology to further enhance our state-of-art, cost-effective security solutions. We will also expand the myGate team across all cities to offer best possible service to our customers.“ “From our very first interaction with the product to the first meeting with the team, we have been consistently impressed with myGate. Customers love the product and the team is passionate and singularly focused on solving the problems of security in gated communities. At myGate, making security convenient isn’t just a tagline – it’s a mission that the team is relentlessly pursuing. We are delighted to lead this investment in myGate and help take it nationwide”said Sanjay Swamy, managing partner, Prime Venture Partners. About myGate: myGate solves security and visitor problems with an intelligent app-based solution in gated premises. The company ensures safety and security of gated premises by deploying BIAA (Behavioral Intelligence Augmented Authentication) that is designed for hassle free experience of residents and their service staff. myGate was founded in 2016 by Vijay Arisetty, an ex- IAF pilot (Shaurya Chakra awardee), Abhishek, former VP at Goldman Sachs, Shreyans Daga, an IIT-ISB alumnus and Vivaik Bhardwaj, also an ex-IAF Pilot and former Director at Google.

POSTED ON March 21, 2018

Apartment Security: A right mix of technology and human touch-

Humans are and will always be species of habit. Once we learn how to do something, we’re likely to keep doing it the same way over and over again. That is until something new comes along and challenges us to change, and that thing is most commonly some new technology.

POSTED ON January 22, 2018

myGate Raises INR 16 crore to Digitize Security at Gated-Premises

Funding Led by Prime Venture Partners

POSTED ON November 21, 2017

myGate Launches Child Safety & Security Feature for Gated Premises

We are excited to announce a new safety feature for the safety of children in gated communities. The new feature provides

POSTED ON October 3, 2017

Facts About RFID Boom Barrier Devices That You Should Know Before Installing One

The main gate of any gated community is the busiest and probably the most chaotic location of a community. In any typical day, the main gate would open about a hundred to thousand times in a day – for cabs, resident vehicles, water tanks and visitor vehicles to move in and out. Hence, for a community of about 500 flats, vehicle management does become a serious concern. Many gated communities have installed Radio frequency Identification (RFID) based boom barriers, in an attempt to manage the vehicle movement in their society. However, there are certain aspects of this solution that every community must know before installing an RFID based boom barrier.

RFID is a small chip (about 2,000 bytes of data) and an antenna that is placed together on an electronic device(in this case, boom barrier). RFID is used to establish a unique identity for an object that is scanned to obtain the information. In gated communities, these devices are majorly used with boom barriers to manage vehicle movements and differentiate between resident and visitor vehicles.

The basic working of an RFID based boom barrier All the resident vehicles have to first register with the management committee and get a RFID tag placed on their vehicle. An RFID reader tag is installed on the boom barrier, which is placed at the entrance of the community. When a car is about to enter the community, the RFID tag on the vehicle is read by the reader tag on the boom barrier and the boom barrier opens, letting the vehicle in. In case of a vehicle that is not registered with the community, the boom barrier will not open.

Click here to see the working of an RFID based boom barrier.

Before installing a RFID based boom barrier, here are certain aspects of the device an organisation must know:

1. Costs related with the use of an RFID based boom barrier.

A typical RFID boom barrier device would cost 75,000–95,000/ per piece. For apartments with large main gates, an approx of two RFID boom barriers are installed. Hence in a typical apartment there are two gates and hence, a minimum of four boom barriers would be needed. The cost for four devices would approximately range from: Rs 3- 4 lakhs. Apart from the initial costs of the device, there is an additional cost of an RFID tag.

An average RFID tag costs between Rs 150–300 per tag. For an apartment with about 500 flats the cost of all the tags would be around, Rs 75,000–1,50,000\- (considering every flat has only one car).

The total cost for a community of about 500 flats with RFID based boom barriers on two main gates, could range from Rs 4–5 lakhs. The annual maintenance cost will be seperate.

2. Inventory management of the RFID tags

The inventory management of all the RFID tags on the vehicles is a recurring cost. When ever there is a new resident in the community, new tags have to be made and issued, also when people leave the society, their tags have to be disabled.

3. A boom barrier’s motor fails faster than expected.

The average length of a boom barrier’s arm is 4–6 meters. However some companies increase the length of the boom barrier by attaching a longer piece of metal. This puts the motor of the boom barrier under more pressure, leading to the motor failing faster than its expected durability.

4. Deploying a boom barrier requires a security guard to manage the equipment

To manage the vehicles which do not have RFID tags ( cabs, water trucks, visitor vehicles, etc) the community would need a security guard to lift the boom barrier, using a push button. Hence hiring a security guard would be an additional cost (avg salary of a guard would be about, Rs 10,000- 15000/per month).

5. The breaking of an RFID based boom barrier is a huge possibility. The purpose of deploying an RFID based boom barrier is to allow resident vehicles into the society, without the need of a security guard. However apart from resident vehicles who enter the society, there are cabs, visitor vehicles, water trucks, etc too which get in and out of the society on a daily basis. The large number of unauthorized vehicles waiting at the gate to get an entry, could lead to an accident.

Click here to see how dangerous a boom barrier can be.

6. RFID devices have scanning issues

The readers of RFID devices are capable of scanning through nearly all non-metallic materials, however there is an issue with metal and water. This video by the RFID Lab Director, Justin Patton from the Auburn University explains the scanning issues of a RFID device. Click here to view the entire video.

7. RFID systems are easy to disrupted

RFID systems use an electromagnetic spectrum like Wi-Fi networks or cell phones to function. Hence the device can be disrupted using the energy at the right frequency. Some systems use Active RFID tags, those that use batteries to increase the range of the device. The moment the battery wears out, the device gets disabled again. Click here to know more.

myGate’s Approach Towards Vehicle Management

One of the major uses of RFID devices in gated communities is to track vehicle movements and differentiate a residents vehicle from a guards vehicle. myGate has adopted a unique approach to manage the vehicles in a gated community, which has not only adopted simple implementation but also manages the vehicles in the community by avoiding all of the above listed problems.

Unlike most RFID devices, which cost thousands of rupees along with other hardware, installation and maintenance costs, myGate solution has zero capital investment, no hardware installation and is deployed at a negligible cost.

To know more about how myGate can help you in building a safe society including an attendance management for your staff, do click here.

We will be happy to come down for a free demo.

POSTED ON September 15, 2017

10 Most Common Questions Asked About myGate

  1. Do I have to keep other systems like access cards,

POSTED ON September 7, 2017

Is Your Gated Community Investing In The Right Form Of Security?

The security offered by gated communities is a major reason why most people prefer to move into these

text leadsquared-SourceContent default:get]