InnerSpace Technology Inc
|JOBS MAINTAINED||9 FTE|
|FORECASTED JOBS CREATED||46 FTE (New jobs created from SOFII funding)|
InnerSpace Technology has developed an IoT based indoor location intelligence platform and suite of integrated analytics and workflow solutions.
SOFII PROJECT SUMMARY
SOFII funding was used for working capital to integrate their platform with existing access point providers as collection points for the raw data allowing customers to implement the solution without additional hardware and installation costs.
"The SOFII program has been a tremendous enabler for our business. The non-dilutive capital allowed us to invest in R&D efforts to dramatically lower our costs and grow our reach with customers faster than we could before. The program and its administrators were very clear on what they needed to see to make their financing decision, they were very helpful throughout the process, and moved quickly to a decision so we could get back to focusing on building our business."