Innerspace Secures €5.7m Investment from Matterwave Ventures and Existing Investors
Austria-based VR tech start-up, Innerspace, has recently received its third investment from Matterwave Ventures, a venture capital firm. The investment, totaling €5.7m, will be used by Innerspace to support its continued growth and expansion plans. This latest investment comes in addition to the support provided by existing investors, MAD Ventures, aws Gründerfonds, and High-Tech Gründerfonds.
Innerspace: Revolutionizing Cleanroom Training with Virtual Reality
Innerspace, a start-up founded in 2017 and based in Innsbruck, is making waves in the cleanroom industry with its innovative VR training programme. The company’s software and Virtual Reality (VR) technology enable risk assessment of production processes and effective training of cleanroom personnel for leading pharmaceutical companies. With the newly secured funding, Innerspace aims to further develop its unique “Frame-by-Frame” technology and expand its international market presence.
Significant Process Improvements and Customer Benefits with Innerspace’s VR Technology
Innerspace’s cutting-edge technology offers significant process improvements and brings substantial benefits to its customers. The company’s immersive VR training programme allows pharmaceutical companies to avoid quality problems and minimize production-related contamination risks. The accumulated expertise of the team at Innerspace in one of the most highly regulated industries has impressed investors, including Benedikt Kronberger, Partner at Matterwave Ventures.
Trust and Recognition: Renowned Pharmaceutical Companies Choose Innerspace
Innerspace has already garnered trust and recognition from numerous renowned pharmaceutical companies worldwide. These industry leaders have chosen Innerspace to enhance their training and risk assessment protocols. Most recently, the company announced a long-term strategic partnership with the Parenteral Drug Association (PDA), a global association with over 10,500 members. This partnership will further bolster Innerspace’s position in the market and support the development of PDA training courses.
Innerspace to Expand International Market Presence with Latest Investment
With the newly acquired investment, Innerspace is set to expand its international market presence. The company’s VR training programme for cleanroom operations has already proven to be highly successful, and Innerspace aims to capitalize on this momentum by targeting new markets around the world. The investment will also fuel the further development of their unique “Frame-by-Frame” technology, solidifying the company’s position as a leader in the VR training industry.
Conclusion: Innerspace’s VR Technology and Continued Growth
Innerspace’s VR training programme has revolutionized the cleanroom industry, offering significant process improvements and customer benefits. This latest investment from Matterwave Ventures and existing investors will enable Innerspace to further develop their technology and expand their international market presence. With trust and recognition from renowned pharmaceutical companies and a strategic partnership with the PDA, Innerspace is well-positioned for continued growth and success in the VR training industry.
Analyst comment
Positive news: Innerspace, a VR tech start-up, secures a €5.7m investment from Matterwave Ventures and existing investors to support its growth and expansion plans. The company’s innovative VR training program in the cleanroom industry has garnered trust and recognition from renowned pharmaceutical companies, enabling them to expand their international market presence. With this investment, Innerspace is well-positioned for continued growth and success in the VR training industry.
