Singapore based start-up, Smarten Spaces, forays into the US market with the launch of its AI platform for realty and enterprise firms at the recently-concluded MIPIM PropTech Summit in New York. With businesses globally implementing ‘smart’ solutions across their value chain, Smarten Spaces will enable transformation of the experience in environments used by communities of people. It is introducing globally its artificial intelligence powered platform, connecting users to things and services where they live, work and play.

There is no doubt on by digitizing services provided by the developers and e nterprises, it will deliver solutions that make the user experience distinctive, increase efficiency, and optimize effectiveness. As Founder and CEO of Smarten Spaces, Dinesh brings a differentiated perspective on the future evolution of organizations and industries as they adapt to the opportunities the 4th Industrial Revolution will bring. He will lead the pioneer team responsible for shaping the blueprint to design, define, develop and deploy the company’s strategy worldwide. He will also be a member of the Smarten Spaces Board.

Smarten Spaces has the talent and insights to lead this digital transformation of spaces so today’s workers can create virtual communities and benefit from their insights, whether it’s at the next desk, across town or around the world," said Jerry Hultin, CEO of Smart Cities NY, innovation adviser to the World Economic Forum and Global Federation of Competitiveness Councils, and Co-founder of Global Futures Group, LLC.

“Space design and management today is hungry for new ideas that will disrupt how people are using technology as they seek to shape new ways of working and making living more enjoyable. Efficiency, effectiveness, productivity and sustainability can today be multiplied by augmenting intelligence using IoT. I am excited to translate the ideas we have into innovation and value and make the spaces and services we use in them future ready,” said Dinesh Malkani.

The company continues to add talent as it grows its pioneer team which includes:

* Aamer Azeemi, an industry thought leader on work being done to build Smart Cities and Smart Infrastructure and will lead enterprise consulting and strategy enablement, building on his experience in Wipro, Omniyat Properties and Cisco

* Krishanu Seal, who will lead Technology & Engineering and be responsible for creating the software platforms at Smarten Spaces to deliver next-generation solutions, leveraging his expertise from his leadership roles as Vice President of Engineering at Flipkart and in Research and Development at Yahoo, Aol and Amazon.com.

* Prithvi Shergill, who will anchor talent enablement and workplace experience design, having led Human Resource and Facility Management teams in HCL Technologies and has worked to start and scale various organizations and teams at Accenture, Singapore Telecom, AT&T.

Smarten Spaces is targeting $15 million in revenue by June 2019 and planning a Series A fund raise around the same time.“We are world’s first end-to-end AI and IoT platform for all space types including, workplace, residential, co-working and commercial, with 30 modules/services on a single platform, said Dinesh Malkani.

The start-up’s booth at MIPIM PropTech Summit, a premier realty and technology event that connects real estate decision makers with innovative tech start-ups, attracted 200 real estate firms. “These firms witnessed first hand what our platform can deliver — space optimisation, easy parking, hassle-free entry to real-time booking of meeting rooms, energy management, connected cafeteria and tenant engagement, among others. Clients prefer a single-vendor solution rather than many, who offer point solutions which are difficult to manage, he said.

Clients are charged per sq foot or per user for using the platform, which helps cut down cost by 30 per cent, hardware by 50 per cent and time by 25 per cent, the start-up claims. Typically, 3-5-year deals are signed with customers who pay anywhere between half a million dollars to $4 million annually, for using the platform.

“We have set up our US office in New York and have signed up with partners to cover the different states. Our platform is already smartening 50 million sq ft of space in India and Singapore. With the US market launch, we are aiming to increase that to 200 million sq ft by December 2019” said Dinesh Malkani.