InnerSpace, a Toronto, Canada-based IoT-based indoor location intelligence platform for Smart Buildings, closed a $3.2M USD seed funding.
The round was led by BDC Capital’s Women in Technology Fund with support from MaRS Investment Accelerator Fund, 500 Startups, Industry Ventures, and Zach Coelius’s AngelList syndicate, among others.
The company intends to use the funds to expand its client base and support the development of its solutions.
Led by James Wu, CEO and cofounder, and Cerys Goodall, CMO, InnerSpace has developed a platform for indoor location, which uses proprietary sensors to understand how people use an indoor space. Leveraging artificial intelligence and mobile apps and software, the system delivers analytics, insights and predicts future behaviors of how people will use the space. The same data drives InnerSpace’s consumer and employee mobile apps which are designed to inform people about the services around them.
The platform is currently available to customers in the US, Canada and Australia. The client list includes Fortune 500 technology companies, airlines, food and services organizations, sporting and entertainment facilities, and property management firms which incorporate smart data into employee and consumer experiences, along with their real estate and business operations.