500 Demo Day Batch 19: Innerspace
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500 Demo Day Batch 19: Innerspace
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500 Demo Day Batch 19: Innerspace
- 6. 250B$
- 9. PER STORE PER MONTH AVG MRR PER STORE JUST ONE CUSTOMER $2M $10k 400+ STORES
Hinweis der Redaktion
- 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. {CLICK} 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.