8000 years ago this weird little rock was the hottest thing in map making.
Today, it’s GPS.
It’s so easy to get maps these days that we’ve come to depend on it, whether it’s grabbing an Uber, getting a date with Tinder or catching Pokemon.
But that’s outdoors. Inside, we get nothing.
We spend 90% of our time indoors, but the way we experience these spaces really hasn’t changed since the dark ages.
Fortunately, thousands of companies are building awesome tech for the indoors, like augmented reality and indoor wayfinding.
But unlike outdoors, mapping inside is painful - it’s literally done by hand.
So the data these companies need is really hard to get, and they’re struggling to scale. We provide that data.
Yet these guys, they’re chasing a $250 Billion market.
And they all need the same thing.
My name is James Wu, and I’m the co-founder of InnerSpace.
We solve their growth problem by creating maps and positioning data automatically. Just plug in one of our sensors. Our cloud-based platform delivers the GPS experience to the indoors 20x faster than anything else. There’s no custom work, no manual effort, and no capital costs.
It’s this speed and simplicity that has led these major global brands to work with us.
One of our retail customers will make an extra $2M per store every month simply by helping shoppers find everything on their list.
At 10k a pop and over 400 stores, this one customer alone represents $4M in MRR.
So who is the team going after this massive vision?
We’re a bunch of start up veterans. Most recently we went head-to-head with Amazon Kindle and exited for $315M after only 2 years.
Our seed round is now 50% subscribed, so if you don’t want to miss out on our next exit, come see us after this.
500 Demo Day Batch 19: Innerspace
PER STORE PER
$2M $10k 400+