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English
Transcript (Beta)
Commercial real estate is a data-heavy industry, but visualizing that data is a problem for many building operators.
So you have digital twins, but they're complicated to deploy, they're expensive, and so building owners might use a digital twin on one building or a single space, but they typically cannot afford to deploy digital twins across entire portfolios.
So this means data in real estate resides on Excel spreadsheets, on floor plan images, on charts, on dashboards.
So imagine you're on the ground, you're a building operator, and you have to make sense of, you have to extract, and then link all of that data to actual activities happening in the buildings.
So what we do at SimpliSpace is we digitize spaces using floor plan images that we upload into a purpose built editor.
So we deploy quickly and affordably digitizing this entire 400 ,000 square foot 37 floor building in one day.
So the output is a lean digital twin without bells and whistles that you can view data interactively on at building level, floor plate level, and even down to that single unit.
Our open API integration approach means multiple data providers can integrate and showcase data directly in your application.
We support multiple building operational use cases.
So example, facility and maintenance, room and desk bookings, and we see a lot of IoT use cases.
So portfolio managers have an inventory of digitized spaces and buildings that's integrated into an outdoor map where they can view and search for filtered data.
So here's a use case. Visualizing occupancy levels from IoT sensors deployed on an office building help the facility maintenance team renegotiate janitorial fees from entire office size to the actual cleaning areas needed.
This saved the client $1.2 million over a six-month period.
Now that's ROI. And we want to provide that same ROI to the 350 billion square foot of commercial real estate in the world, of which more than 99% remains undigitized.
So in summary, we're focused on the commercial real estate sector, where we want to displace the usage of spreadsheets and floor plan images going from this to lean digital twins for the built environment.
We're a team of five.
We're currently focused on APEC and U.S. markets, and we're raising a seed round that will accelerate our go-to-market and 50x our current speed of digitization.
