VergeSense, an AI-Powered sensor provider that is expected
to see a post-COVID bounce in business, has just announced a $9 million
investment.
The company will use
the investment to meet increased customer demand during the coronavirus crisis
and scale its analytics software platform.
New features include the a Wellness Dashboard, which
provides a Social Distancing Score and daily occupancy reports so that
companies can make data-driven adjustments to their return to work plans.
Also, VergeSense’s Smart Cleaning Planner offers a real-time
floor map of frequently used areas. Demand for VergeSense capabilities is
creating a significant growth opportunity. VergeSense is on track to increase
sales bookings by 500% quarter over quarter.
The latest investment round is being led by Allegion
Ventures – a $50M corporate venture fund. JLL Spark, Metaprop, Y Combinator,
Pathbreaker Ventures, and West Ventures also participated in the funding round.
VergeSense has quickly emerged as a predominant provider in
the burgeoning workplace sensor market since launching in 2017. Today it
processes six million sensor across 20 million s/f of office buildings in 15
countries.
It has sold nearly 30,000 easy-to-deploy wireless and wired
people-counting sensors to drive these initiatives and enable insight into the
ways people use space and get work done.
“Senior leaders around the world are wrestling with how to
comply with social distancing guidelines and reassure their employees that it
is safe to return to work. This crisis has accelerated the widespread
integration of smart technology into workplaces by 5-10 years. Accurate,
real-time people counting tech like ours has become a must-have,” said Dan
Ryan, CEO and co-founder of VergeSense.
“We’re excited to
have Allegion Ventures join our existing investors in this strategic round to
help us meet the growing demand for our mission-critical solution.”
JLL, a global leader in real estate services, has thousands
of VergeSense sensors installed in its buildings around the world. “VergeSense
delivers better space and occupancy planning for JLL and its clients through
sensor and data-driven insights, all of which translates into better employee
experiences,” said Reeves Davis, Executive Director at JLL Technologies.
“In a post-COVID
world, clients are leveraging VergeSense to facilitate the return to work by
making sure occupancy levels are safe, ensuring proper cleaning of highly
trafficked areas, and giving employees peace of mind.”
