InnerSpace, a Toronto, Canada-based provider of a SaaS-based space utilization platform that leverages existing Wi-Fi infrastructure – without the need of sensors – to deliver actionable insights to optimize work space usage, raised $10M CAD in Series A funding.
The round was led by Yaletown Partners, with previous round participants including BDC and IAF.
The company intends to use the funds to accelerate its product development roadmap and scale operations
Led by CEO James Wu, InnerSpace is a provider of an anonymous workplace analytics solution that surfaces accurate and actionable data in real-time based on a company’s existing infrastructure. The platform is powered by its proprietary Wi-Fi-based RTLS (Real-Time Location system) that enables accurate data. Clients use this data to make decisions about their workplaces; whether to contract or expand their footprint, renovate, or reallocate resources. It offers quantitative insight into how employees are using the office: how often they come, how long they stay, patterns of movement, the resources they use, and differences in mobility between teams. With it, real estate and workplace experience teams optimize team placement, meeting room needs, and overall square footage requirements.
Built for privacy and security, the platform is GDPR compliant as well as SOC 2 and ISO-27001 certified. The API enables easy integration with existing customer systems – BI, resource booking, building management, and more.
FinSMEs
11/08/2023