Yaletown Partners portfolio company, Innerspace, was recently featured in a new publication from Microsoft on how they are assisting in better understanding indoor space utilization by employees and overall indoor mapping of the company’s office complexes.
Innerspace is a spacial intelligence company offering an advanced AI/ML-driven data analytics platform to deliver actionable insights into physical indoor spaces. Companies can benefit from Innerspace’s inTELLO platform by having the necessary data at their fingertips to better utilize their real-estate and streamline the on-site experience for employees. In addition to the data that the technology provides, the platform can be integrated into existing infrastructure by leveraging Wi-Fi networks to streamline and reduce deployment costs of hardware traditionally required. Innerspace entered Innovation Growth Fund II in 2023, when Yaletown Partners led their $10M Series A financing.
For Microsoft, Innerspace’s integration into their operations showed multiple benefits, namely:
- Over $3M in cost savings through deployment by using existing Wi-Fi Access Point (WAP) infrastructure, as well as future savings due to lower maintenance costs
- Rapid deployment time that was able to be condensed to one to two weeks
- Real-time insights into space usage, crowd density, and availability of common areas, which enabled informed decision-making for optimizing space allocation and planning for current and future real estate requirements
- Improving employee experiences by allowing access to real-time availability of shared spaces
As return-to-work policies have steadily increased since the end of the COVID-19 pandemic, intelligent industry solutions like that of Innerspace are truly helpful in informing decisions of companies wishing to become more capital efficient, lower their climate impact, and increase their overall employee experience.
