© 2014 International Press. The method of intersection spaces associates rational Poincaré complexes to singular stratified spaces. For a conifold transition, the resulting cohomology theory yields the correct count of all present massless 3-branes in type IIB string theory, while intersection cohomology yields the correct count of massless 2-branes in type IIA theory. For complex projective hypersurfaces with an isolated singularity, we show that the cohomology of intersection spaces is the hypercohomology of a perverse sheaf, the intersection space complex, on the hypersurface. Moreover, the intersection space complex underlies a mixed Hodge module, so its hypercohomology groups carry canonical mixed Hodge structures. For a large class of...