- Commercial office space planning startup Saltmine.
- Saltmine raises $20 million and formed a strategic partnership with real estate firm JLL.
- Customers include Snowflake, Fidelity, and Workday.
- Saltmine was founded in 2017 by Shagufta Anurag.
Saltmine unlocks vital data for strategic decision making, including portfolio management, return-to-work projections, digital transformation, and workplace optimization. Continually measure how your workplace strategy affects business productivity and align your real estate with the needs of your employees in one platform. Optimize real estate portfolio and ensure each workplace supports its people. Connect the dots between lease & facility management to navigate strategic decisions.
Design a dynamic workplace tailored to the continuously changing needs of your workforce. Foster an engaging experience that inspires your employees. Saltmine provides a collaborative, cloud-based platform for rapid test fitting, streamlined design, immersive visualization, automated reentry planning and more. Data-driven planning. The software allows designers and strategists to maximize the potential of the space by capturing, centralizing and analyzing workplace ratios and metrics; it also provides immediate access to design guidelines and space standards.
Saltmine Raises $20 million
Commercial office space planning startup Saltmine announces that it raised $20 million. It formed a strategic partnership with real estate firm JLL. Saltmine’s customers include Snowflake, Fidelity, and Workday. It plans to put the funding toward advancing its platform and expanding its global workforce. The shift to working from home and financial headwinds have companies reevaluating the need for physical office space. Even before the pandemic, U.S. Commercial Real Estate Services estimated unused commercial property in the U.S. is worth about $1 trillion. In August, Capital Markets reported that direct commercial sales of real estate fell 29% globally to $321 billion in the first six months of 2020 year-over-year.
Saltmine was founded in 2017 by Shagufta Anurag. Having founded Livspace and Space Matrix, one of the largest interior design firms in Asia. Shagufta saw the same pain points and unmet needs in office real estate that she did in the residential market. She created Saltmine to house workplace data in one place. It enables insights that help companies to optimize their real estate portfolios.
Saltmine offers a platform for working space design.
Saltmine offers a design platform that ostensibly helps in this regard. The company’s software digitizes floor plans into 3D and evaluates costs, drawing data from catalogs, pricing, materials, branding, graphics, signage, in-office sensors, and more. Saltmine can iterate through different options and scenarios and facilitate auditing, generating virtual 3D walkthroughs of proposed workspaces built using predefined kit-of-parts.
From dashboards, employees can view analytics and reporting for programming, space planning, and budgeting and set timelines for project phases or configure workflows for approval processes. Saltmine has partnerships with commercial real estate and design firms including Cushman & Wakefield, Newmark, Interior Architects, and Space Matrix, according to founder and CEO Shagufta Anurag. As of May 2020, its 35 customers had run 50 million square feet through Saltmine to plan for reentry to the workplace during the pandemic.
