InSpace Raises $6M in Seed Funding
Summary
InSpace, a Burlington Vt-based provider of a collaborative video conferencing platform that replicates personal interaction between students and teachers in virtual classrooms, raised $6M in two seed funding rounds. The funding was led by a $2.6 million investment from Boston Seed Capital and $1.5m each from Gutbrain Ventures and PBJ Capital, in addition to other investors including John Abele (co-founder, Boston Scientific); Jeff Seibert and Wayne Chang (co-founders, Crashlytics and Digits); Rick Gibbs (co-founder, Dealer.com); Hovhannes Avoyan and Mikayel Vardanyan (founder and chief product officer, PicsArt); and Andrew Artz (partner at Social Capital). Launched in 2020 by Dr. Narine Hall, data science assistant professor and academic program director at Champlain College, and software and video engineer Haykanush Lputyan, InSpace provides a collaborative video conferencing platform that replicates personal interaction between students and teachers in virtual classrooms. Participants can use Google docs, Miro board and other tools to collaborate without leaving InSpace. Accessibility for all learners is built in to the core platform, which also features multiple levels of security — including end-to-end encryption, daily Secureframe scanning, and 24/7 alerts — to safeguard users against unwanted participants.