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Venture Capital News: VergeSense Raises $12M Series B Round

2020-12-22
SAN FRANCISCO, CA, VergeSense today announced it has closed a $12 million Series B investment led by Tola Capital.
VergeSense's 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.

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 the leading workplace occupancy data provider helping companies better understand their employees and improve office layout and design. Headquartered in San Francisco, the company offers AI-powered technologies that enable insight into the ways people use space. Trusted by global enterprises, VergeSense captures real-time data at scale through its sensors and analytics platform and empowers companies to reclaim underutilized space and enhance the workplace experience.
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