Smart Buildings

$180m Flows into Occupancy Analytics Companies as Market Anoints its First Unicorn

In the space of three days this week, two already well-funded Occupancy Analytics companies closed Series C and D rounds, underscoring (in case anyone was in doubt) investor confidence in the move to hybrid working driving demand for digital workplaces. On Monday, California-based Vergesense announced that it had closed a $60m Series C round led by Scale Venture Partners. This brings total funding for the Y-Combinator backed company to $82.6m. Their previous Series B round being closed only 11 months ago in December 2020. Not to be outdone, two days later New York-based Density announced that it raised a $125m Series D round led by heavyweight VC company Kleiner Perkins. This brings their total funding to $225m and the company’s valuation to $1.05b, which by our estimation makes them the first Occupancy Analytics unicorn. These levels of funding now set Density and Vergesense apart, in what is becoming a hyper-competitive tech sector, as companies vie […]

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