Meet the Real Estate Tech Entrepreneur: Saurabh Bajaj from Swiftlane
This week, we interviewed Saurabh Bajaj from Swiftlane.
Without further ado…
Who are you and what do you do?
My name is Saurabh Bajaj, and I’m the founder and CEO of Swiftlane. Swiftlane is a touchless access company that uses face recognition and mobile credentials for secure access to buildings. My background is in software engineering and machine learning. I worked at several tech companies like Facebook, Instagram, and Level Autonomous driving team before starting Swiftlane. I am a big technology geek. At Swiftlane, I am excited to improve the overall building experience for office and multifamily residential buildings
What problem does your product/service solve?
The modern building access experience is clunky – you need to fumble for key cards to enter doors, many people lose them, and they are easy to clone plus expensive to manage. Security systems are siloed from one another, and the actual forms of access are not that secure. The visitor management experience is also broken; people use shared PIN codes for common area security and are unable to reign in controlled guest access. This is not only inefficient but actually creates problems like physical security gaps in huge CRE buildings and package theft in multifamily buildings. Not to mention with COVID, no one wants to touch door handles or elevator buttons, and buildings need a way to control who is coming in and out, when, and how many people are allowed access at a given time.
Swiftlane provides a modern access control system and video intercom for offices and apartments in order to solve these problems. Swiftlane allows users to simply open doors with face recognition technology by looking at the reader, or using mobile access. We also provide wireless video calling from a door to a tenant, so that you can see the person at the door and remotely grant access.
Our goal is to create the most convenient, frictionless physical security experience that is available and accessible to buildings and businesses of every size. By improving the way we access buildings and secure them, we also solve secondary problems like eliminating package theft, increasing tenant retention and peace of mind, etc.
What are you most excited about right now?
It’s great to be able to talk about improving security and improving processes, but I am most excited about the opportunity to really quantify the value that Swiftlane is able to bring to buildings. For example, somewhere around $6 billion worth of packages were stolen last year – a record-breaking loss. Which goes hand in hand with the most ecommerce deliveries we have ever seen in a single year. People today rely so heavily on deliveries, but some buildings, especially apartments, are not equipped to handle that volume.
I believe that there is a strong disconnect in the current building experience and what’s possible with technology. I am excited to see that transformation finally happening in the real estate space.
What’s next for you?
Right now, we are very focused on the multifamily real estate market and office buildings. We plan to continue improving the security, peace of mind and experience for everyone. There is a lot of work remaining for us to continue developing a modern, seamless experience for building access and do that in a privacy-first and responsible way, so that it can uplift the experience for everyone.
What’s a cause you’re passionate about and why?
A cause I’m passionate about is improving online security for older people, who are more vulnerable to social engineering and other phishing attacks from hackers. Technology has so many benefits and ways that it makes life easier, and it’s a shame that it has been used to take advantage of those who are vulnerable simply because they are not familiar with it.
Thanks to Saurabh for sharing his story. If you’d like to connect, find him on LinkedIn here.
We’re constantly looking for great real estate tech entrepreneurs to feature. If that’s you, please read this post — then drop us a line (Community @ geekestate dot com).