inspace was founded on February 12th in Boston by Elena Beloshapkova, Women Entrepreneur of the Year 2019 by Ernst & Young. Inspace team worked with major clients on office projects up to 1,4 mln. sq. feet meters. Over 500 projects completed worldwide. In her 7 years running office furniture business, she saw number of clients dissatisfied with existing smart office solutions. That helped us to see the problem firsthand.
In June we have presented the first prototype of Inspace to potential customers at the CRE Future Offices conference. It was well-accepted and immediately gained interest from both clients and media – we have LOIs signed for 14 000 devices.
Our team continued working on the hardware part of the product and was able to develop a solution that was lighter, smaller and easier to assemble. In October 2019 the second prototype was presented at the Ascent Conference in New York. Right after the conference, we opened pre-orders and quickly were able to sign LOIs for 29 000 devices with our original goal for 2020 of 25 000 devices. Now the development of both software and hardware parts of our product is completed and Inspace is being tested by a number of corporations and startups.
We are excited to present case studies soon!