


{"id":50767,"date":"2024-02-01T19:03:00","date_gmt":"2024-02-01T17:03:00","guid":{"rendered":"https:\/\/www.fyb.de\/innerspace-secures-e5-7-million-for-further-expansion-in-the-usa\/"},"modified":"2024-02-01T19:03:11","modified_gmt":"2024-02-01T17:03:11","slug":"innerspace-secures-e5-7-million-for-further-expansion-in-the-usa","status":"publish","type":"post","link":"https:\/\/www.fyb.de\/en\/innerspace-secures-e5-7-million-for-further-expansion-in-the-usa\/","title":{"rendered":"Innerspace secures \u20ac5.7 million for further expansion in the&nbsp;USA"},"content":{"rendered":"<p>Inns\u00adbruck \u2014 The Inns\u00adbruck-based tech start-up Inner\u00adspace, which uses soft\u00adware and virtual reality (VR) to enable the risk assess\u00adment of produc\u00adtion proces\u00adses and the effec\u00adtive trai\u00adning of clean\u00adroom person\u00adnel at leading phar\u00admaceu\u00adti\u00adcal compa\u00adnies, can conti\u00adnue its growth trajec\u00adtory follo\u00adwing a very successful finan\u00adcing round. US inves\u00adtor River\u00adside inves\u00adted in the Tyro\u00adlean company back in July. A few days before the turn of the year, Inner\u00adspace fina\u00adli\u00adzed a substan\u00adtial seed round with the new lead inves\u00adtor Matter\u00adwave Ventures. The three exis\u00adting inves\u00adtors MAD Ventures, aws Gr\u00fcn\u00addungs\u00adfonds and High-Tech Gr\u00fcn\u00adder\u00adfonds also inves\u00adted&nbsp;again.<\/p>\n<p>\u201cThe great inte\u00adrest shown by inves\u00adtors natu\u00adrally encou\u00adra\u00adges us to be on the right track. Digi\u00adtal twins for process design and trai\u00adning are essen\u00adtial for criti\u00adcal manu\u00adfac\u00adtu\u00adring proces\u00adses. We alre\u00adady count seve\u00adral of the worl\u00add\u2019s largest phar\u00admaceu\u00adti\u00adcal compa\u00adnies among our custo\u00admers and will multi\u00adply both sales and the number of custo\u00admers in the coming years,\u201d says Walter Ischia, CFO of Innerspace.<\/p>\n<p>\u201cInner\u00adspace enables its custo\u00admers to avoid quality problems and mini\u00admize conta\u00admi\u00adna\u00adtion risks inher\u00adent in produc\u00adtion. We were impres\u00adsed by the team\u2019s accu\u00admu\u00adla\u00adted exper\u00adtise in one of the most highly regu\u00adla\u00adted indus\u00adtries of all. The tech\u00adno\u00adlogy enables signi\u00adfi\u00adcant process impro\u00adve\u00adments and, as a result, very substan\u00adtial custo\u00admer bene\u00adfits,\u201d explains Bene\u00addikt Kron\u00adber\u00adger, Part\u00adner at Matter\u00adwave Ventures<\/p>\n<p>Inner\u00adspace will use the fresh capi\u00adtal to expand its inter\u00adna\u00adtio\u00adnal market presence and further deve\u00adlop its unique \u201cframe-by-frame\u201d tech\u00adno\u00adlogy. In future, the Tyro\u00adlean company will focus even more stron\u00adgly on the large growth market of America. Nume\u00adrous well-known compa\u00adnies from the phar\u00admaceu\u00adti\u00adcal indus\u00adtry world\u00adwide alre\u00adady rely on the company\u2019s expertise.<\/p>\n<p>\u201cThe care and precis\u00adion requi\u00adred in the produc\u00adtion of medi\u00adci\u00adnes has so far eluded simple digi\u00adta\u00adliza\u00adtion approa\u00adches. We break this barrier with our proprie\u00adtary frame-by-frame approach. Design, further deve\u00adlo\u00adp\u00adment and teaching of any type of manu\u00adfac\u00adtu\u00adring process can now be carried out in the digi\u00adtal twin. This saves an enorm\u00adous amount of time and money and also increa\u00adses process relia\u00adbi\u00adlity and quality,\u201d explains Sebas\u00adtian Sche\u00adler, co-foun\u00adder and Chief Metho\u00addo\u00adlo\u00adgist at Innerspace<\/p>\n<p>Inner\u00adspace also achie\u00adved another mile\u00adstone in its young company history in the past finan\u00adcial year: the global Paren\u00adte\u00adral Drug Asso\u00adcia\u00adtion (PDA), which has more than 10,500 members, and Inner\u00adspace announ\u00adced a long-term stra\u00adte\u00adgic part\u00adner\u00adship for the deve\u00adlo\u00adp\u00adment of globally reco\u00adgni\u00adzed PDA trai\u00adning cour\u00adses. This close coope\u00adra\u00adtion includes the use of Inner\u00adspace tech\u00adno\u00adlogy, i.e. VR simu\u00adla\u00adtors with frame-by-frame risk profile crea\u00adtion func\u00adtions in the PDA\u2019s stan\u00addard trai\u00adning cour\u00adses. The aim of this part\u00adner\u00adship is to offer a range of trai\u00adning cour\u00adses globally for profes\u00adsio\u00adnals in the phar\u00admaceu\u00adti\u00adcal and biophar\u00admaceu\u00adti\u00adcal industry.<\/p>\n<p>The cour\u00adses contain essen\u00adtial VR modu\u00adles that are much more effec\u00adtive and immersive than tradi\u00adtio\u00adnal methods, but also provide a wealth of data on what people find harder or easier to learn and where there are risks that can be opti\u00admi\u00adzed through more trai\u00adning or process redesign.<\/p>\n<p><strong>About Inner\u00adspace<br>\n<\/strong><br>\nThe Austrian company Inner\u00adspace focu\u00adses on the risk assess\u00adment and effec\u00adtive trai\u00adning of clean\u00adroom person\u00adnel at leading phar\u00admaceu\u00adti\u00adcal compa\u00adnies. Through the targe\u00adted use of psycho\u00adlo\u00adgi\u00adcal insights and inno\u00adva\u00adtive tech\u00adno\u00adlo\u00adgies, Inner\u00adspace aims to mini\u00admize errors in phar\u00admaceu\u00adti\u00adcal proces\u00adses and reduce risks. Both the speci\u00adally deve\u00adlo\u00adped \u201cFrame-by-Frame Risk Profil\u00ading\u201d method for compre\u00adhen\u00adsive risk assess\u00adment and a stan\u00addar\u00addi\u00adzed clean\u00adroom simu\u00adla\u00adtor for trai\u00adning staff in virtual reality are used. In its role as an offi\u00adcial part\u00adner of the Paren\u00adte\u00adral Drug Asso\u00adcia\u00adtion (PDA), Inner\u00adspace is actively invol\u00adved in the deve\u00adlo\u00adp\u00adment and deli\u00advery of high quality trai\u00adning cour\u00adses for the phar\u00admaceu\u00adti\u00adcal indus\u00adtry. https:\/\/innerspace.eu<\/p>\n<p><strong>About Matter\u00adwave Ventures<br>\n<\/strong><br>\nMatter\u00adwave Ventures is a Munich-based venture capi\u00adtal company that has specia\u00adli\u00adzed in deep-tech inno\u00adva\u00adtions with indus\u00adtrial appli\u00adca\u00adti\u00adons for many years and is active with invest\u00adments throug\u00adhout Europe. As an early-stage inves\u00adtor, the focus is on early-stage compa\u00adnies and includes soft\u00adware and hard\u00adware-based busi\u00adness models. The aim is to build leading global compa\u00adnies that drive the future of indus\u00adtrial value crea\u00adtion, prima\u00adrily through resource effi\u00adci\u00adency and digi\u00adta\u00adliza\u00adtion. The vision is to regain more tech\u00adno\u00adlo\u00adgi\u00adcal leader\u00adship, produc\u00adtion capa\u00adcity and energy and raw mate\u00adrial auto\u00adnomy in Europe. The team has inves\u00adted in more than 60 compa\u00adnies over the last 20 years and invests \u201cfull-stack\u201d, from mate\u00adri\u00adals and compon\u00adents to complete systems and soft\u00adware solu\u00adti\u00adons. With over EUR 250m of capi\u00adtal under manage\u00adment, Matter\u00adwave typi\u00adcally parti\u00adci\u00adpa\u00adtes in seed and Series A finan\u00adcings across Europe with initial invest\u00adments of between EUR 1\u20134m. Inclu\u00adding follow-on finan\u00adcing rounds, over EUR 10m can be inves\u00adted per port\u00adfo\u00adlio company. www.matterwave.vc<\/p>\n<p><strong>About the aws start-up fund<br>\n<\/strong><br>\nThe aws Gr\u00fcn\u00addungs\u00adfonds is an Austrian venture capi\u00adtal fund with a fund volume of approx. 70 million euros. As a seed inves\u00adtor, he supports start-ups from the initial growth phase through further follow-up finan\u00adcing rounds (Series A\/B) to the exit. The fund sees itself as a long-term, stable part\u00adner with a hands-on menta\u00adlity and supports the foun\u00adding teams as an active spar\u00adring part\u00adner. Since 2013, the aws Start-up Fund has inves\u00adted more than EUR 500 million in 45+ invest\u00adments toge\u00adther with natio\u00adnal and inter\u00adna\u00adtio\u00adnal co-inves\u00adtors and has been able to realize nume\u00adrous successful exits.<\/p>\n<p><strong>About High-Tech Gr\u00fcnderfonds<br>\n<\/strong><br>\nThe seed inves\u00adtor High-Tech Gr\u00fcn\u00adder\u00adfonds (HTGF) finan\u00adces tech\u00adno\u00adlogy start-ups with growth poten\u00adtial and has supported more than 700 start-ups since 2005. With the launch of the fourth fund, HTGF has around 1.4 billion euros under manage\u00adment. The team of expe\u00adri\u00aden\u00adced invest\u00adment mana\u00adgers and start-up experts supports the young compa\u00adnies with know-how, entre\u00adpre\u00adneu\u00adrial spirit and passion. The focus is on high-tech start-ups in the fields of digi\u00adtal tech, indus\u00adtrial tech, life scien\u00adces, chemi\u00adcals and rela\u00adted busi\u00adness areas. To date, exter\u00adnal inves\u00adtors have inves\u00adted around 5 billion euros in the HTGF port\u00adfo\u00adlio in more than 2,000 follow-up finan\u00adcing rounds. In addi\u00adtion, the fund has alre\u00adady successfully sold shares in more than 170 companies.Fund inves\u00adtors in the public-private part\u00adner\u00adship include the German Fede\u00adral Minis\u00adtry for Econo\u00admic Affairs and Climate Protec\u00adtion, KfW Capi\u00adtal and 45 compa\u00adnies from a wide range of sectors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Inns\u00adbruck \u2014 The Inns\u00ad\u00adbruck-based tech start-up Inner\u00adspace, which uses soft\u00adware and virtual reality (VR) to enable the risk assess\u00adment of produc\u00adtion proces\u00adses and the effec\u00adtive trai\u00adning of clean\u00adroom person\u00adnel at leading phar\u00admaceu\u00adti\u00adcal compa\u00adnies, can conti\u00adnue its growth trajec\u00adtory follo\u00adwing a very successful finan\u00adcing round. US inves\u00adtor River\u00adside inves\u00adted in the Tyro\u00adlean company back in&nbsp;July.&nbsp;[\u2026]<\/p>\n","protected":false},"author":2,"featured_media":50765,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1366,1369,1373],"tags":[],"class_list":["post-50767","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-news-en","category-investors","category-venture-capital-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Innerspace secures \u20ac5.7 million for further expansion in the USA - FYB Financial Yearbook<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fyb.de\/en\/innerspace-secures-e5-7-million-for-further-expansion-in-the-usa\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Innerspace secures \u20ac5.7 million for further expansion in the USA - FYB Financial Yearbook\" \/>\n<meta property=\"og:description\" content=\"Inns\u00adbruck \u2014 The Inns\u00adbruck-based tech start-up Inner\u00adspace, which uses soft\u00adware and virtual reality (VR) to enable the risk assess\u00adment of produc\u00adtion proces\u00adses and the effec\u00adtive trai\u00adning of clean\u00adroom person\u00adnel at leading phar\u00admaceu\u00adti\u00adcal compa\u00adnies, can conti\u00adnue its growth trajec\u00adtory follo\u00adwing a very successful finan\u00adcing round. 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US inves\u00adtor River\u00adside inves\u00adted in the Tyro\u00adlean company back in July. 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