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Investors back new-tech built for post-pandemic world

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.”

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