Workplace Analytics Platform VergeSense Raises Additional $12 Million As Companies Prepare To Return To The Office In 2021
Building on Immense Customer and Partner Momentum, VergeSense to Scale Its Next-Generation AI Powered Workplace Technology For A Post-Pandemic World And Beyond
VergeSense announced it has closed a $12 million Series B investment led by Tola Capital. Its AI-driven platform allows enterprise companies to better understand and design their workplaces with key data-driven insights. VergeSense is used by the likes of Cisco, Shell, and five of the top 10 technology companies to better understand how their employees interact and move within the office via its analytics and sensor platform.
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To date, VergeSense has raised $22.6M in total funding with previous investments by JLL Spark, Allegion Ventures, MetaProp, Y Combinator, Pathbreaker Ventures, and West Ventures. The injection of new capital will fuel the company’s mission to help enterprise companies make informed decisions on how to create the most productive and safe working environments for their employees. Data and insights are focused on seating needs and capacity planning, office design, conference room and common area usage, and overall utilization of square footage.
“VergeSense is critical in the return to work and enables companies to break with the past as we prepare for the post-pandemic era,” said Sheila Gulati, Managing Director at Tola Capital. “Our view is that VergeSense is ushering in a new era of real estate – one that is more technology enabled, more quantified, and more predictive, thus arming businesses with better tools to evaluate and plan their offices. This is all to the benefit of employees, giving them more safety, flexibility, and choice in their workplace.”
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Through its innovative software and sensor technology, VergeSense measures office usage and people count, which can detect overcrowding in certain areas of the workplace and also highlight which spaces are being used most in real-time. Delivering on its mission, VergeSense will use the new funding to accelerate research and product development, invest in strategic partnerships, and accelerate growth.
“VergeSense plays a crucial role in helping today’s real estate managers answer critical questions in this very unpredictable time, iterate quickly, and model future space needs,” said Eddie Kang, Tola Capital Principal and newly appointed VergeSense board member. “Additionally, given the employee experience is at the heart of a company, data is key in order for the C-Suite to feel confident in their real estate decisions.”
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